Wall Street analysts forecast that MidSouth Bancorp, Inc. (NYSE:MSL) will report sales of $21.52 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for MidSouth Bancorp’s earnings. The lowest sales estimate is $21.04 million and the highest is $22.00 million. MidSouth Bancorp posted sales of $24.30 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 11.4%. The firm is expected to report its next quarterly earnings results on Tuesday, October 23rd.
On average, analysts expect that MidSouth Bancorp will report full year sales of $87.05 million for the current year, with estimates ranging from $85.99 million to $88.10 million. For the next fiscal year, analysts forecast that the business will post sales of $86.13 million per share, with estimates ranging from $82.65 million to $89.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow MidSouth Bancorp.
MidSouth Bancorp (NYSE:MSL) last posted its earnings results on Monday, July 30th. The bank reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.24. MidSouth Bancorp had a positive return on equity of 3.79% and a negative net margin of 9.12%. The firm had revenue of $21.81 million during the quarter, compared to analysts’ expectations of $22.21 million.
MSL has been the subject of a number of research reports. Zacks Investment Research upgraded MidSouth Bancorp from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 28th. ValuEngine upgraded MidSouth Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Finally, Sandler O’Neill cut MidSouth Bancorp from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research note on Wednesday, August 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. MidSouth Bancorp currently has a consensus rating of “Hold” and a consensus price target of $14.75.
MidSouth Bancorp traded down $0.15, reaching $13.65, on Tuesday, according to Marketbeat.com. The stock had a trading volume of 66,736 shares, compared to its average volume of 34,182. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.05. MidSouth Bancorp has a 12-month low of $11.05 and a 12-month high of $15.40. The stock has a market cap of $229.13 million, a P/E ratio of 47.59 and a beta of 1.29.
Several institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in MidSouth Bancorp in the second quarter valued at $129,000. Rhumbline Advisers acquired a new stake in shares of MidSouth Bancorp during the first quarter valued at $133,000. Wells Fargo & Company MN boosted its stake in shares of MidSouth Bancorp by 490.7% during the fourth quarter. Wells Fargo & Company MN now owns 24,294 shares of the bank’s stock valued at $322,000 after acquiring an additional 20,181 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of MidSouth Bancorp by 31.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 32,260 shares of the bank’s stock valued at $427,000 after acquiring an additional 7,654 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of MidSouth Bancorp by 26.3% during the first quarter. California Public Employees Retirement System now owns 33,323 shares of the bank’s stock valued at $422,000 after acquiring an additional 6,931 shares during the last quarter. Institutional investors and hedge funds own 61.29% of the company’s stock.
MidSouth Bancorp Company Profile
MidSouth Bancorp, Inc, a bank holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking products and services to commercial and retail customers in the United States. The company offers various deposit products, including interest-bearing and noninterest-bearing checking accounts, money market, savings accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.
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