Analysts expect that MidSouth Bancorp, Inc. (NYSE:MSL) will report $21.52 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for MidSouth Bancorp’s earnings, with the highest sales estimate coming in at $22.00 million and the lowest estimate coming in at $21.04 million. MidSouth Bancorp reported sales of $24.30 million in the same quarter last year, which indicates a negative year over year growth rate of 11.4%. The company is scheduled to announce its next earnings report on Tuesday, October 23rd.

On average, analysts expect that MidSouth Bancorp will report full-year sales of $87.05 million for the current financial year, with estimates ranging from $85.99 million to $88.10 million. For the next year, analysts expect that the firm 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 cover MidSouth Bancorp.

MidSouth Bancorp (NYSE:MSL) last released its earnings results on Monday, July 30th. The bank reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.24. The business had revenue of $21.81 million during the quarter, compared to analysts’ expectations of $22.21 million. MidSouth Bancorp had a negative net margin of 9.12% and a positive return on equity of 3.83%.

A number of analysts have recently commented on MSL shares. Raymond James raised shares of MidSouth Bancorp from an “underperform” rating to a “market perform” rating in a research note on Friday, August 17th. Sandler O’Neill lowered shares of MidSouth Bancorp from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research report on Wednesday, August 1st. Finally, ValuEngine upgraded shares of MidSouth Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.75.

Shares of MSL stock traded up $0.05 on Monday, reaching $15.50. 45,900 shares of the company were exchanged, compared to its average volume of 47,363. The stock has a market capitalization of $262.91 million, a P/E ratio of -57.41 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.05. MidSouth Bancorp has a 1 year low of $11.55 and a 1 year high of $16.00.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. MidSouth Bancorp’s payout ratio is presently -14.81%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in MidSouth Bancorp during the second quarter worth about $129,000. Rhumbline Advisers acquired a new position in MidSouth Bancorp during the first quarter worth about $133,000. TIAA CREF Investment Management LLC boosted its position in MidSouth Bancorp by 31.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 32,260 shares of the bank’s stock worth $427,000 after acquiring an additional 7,654 shares during the last quarter. California Public Employees Retirement System boosted its position in MidSouth Bancorp by 26.3% during the first quarter. California Public Employees Retirement System now owns 33,323 shares of the bank’s stock worth $422,000 after acquiring an additional 6,931 shares during the last quarter. Finally, Maltese Capital Management LLC acquired a new position in MidSouth Bancorp during the second quarter worth about $611,000. Hedge funds and other institutional investors own 61.81% of the company’s stock.

About MidSouth Bancorp

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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Earnings History and Estimates for MidSouth Bancorp (NYSE:MSL)

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