$21.72 Million in Sales Expected for MidSouth Bancorp, Inc. (MSL) This Quarter

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Wall Street analysts forecast that MidSouth Bancorp, Inc. (NYSE:MSL) will post sales of $21.72 million for the current quarter, Zacks reports. Two analysts have made estimates for MidSouth Bancorp’s earnings, with the lowest sales estimate coming in at $21.04 million and the highest estimate coming in at $22.40 million. MidSouth Bancorp reported sales of $24.30 million in the same quarter last year, which would suggest a negative year over year growth rate of 10.6%. The firm is expected to issue its next earnings report on Tuesday, October 23rd.

On average, analysts expect that MidSouth Bancorp will report full-year sales of $87.75 million for the current year, with estimates ranging from $85.99 million to $89.50 million. For the next financial year, analysts forecast that the firm will report sales of $87.13 million per share, with estimates ranging from $82.65 million to $91.60 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow MidSouth Bancorp.

MidSouth Bancorp (NYSE:MSL) last issued its earnings results on Monday, July 30th. The bank reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. The firm had revenue of $21.81 million for 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 3.79%.

Several brokerages recently weighed in on MSL. Sandler O’Neill cut shares of MidSouth Bancorp from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a report on Wednesday, August 1st. ValuEngine raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 8th. Finally, Zacks Investment Research raised shares of MidSouth Bancorp from a “strong sell” rating to a “hold” rating in a report on Saturday, April 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.75.

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in MidSouth Bancorp in the second quarter valued at approximately $129,000. Rhumbline Advisers acquired a new stake in MidSouth Bancorp in the first quarter valued at approximately $133,000. Wells Fargo & Company MN raised its holdings in MidSouth Bancorp by 490.7% during the fourth quarter. Wells Fargo & Company MN now owns 24,294 shares of the bank’s stock worth $322,000 after purchasing an additional 20,181 shares in the last quarter. California Public Employees Retirement System raised its holdings 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 purchasing an additional 6,931 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings 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 purchasing an additional 7,654 shares in the last quarter. 61.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:MSL opened at $13.85 on Tuesday. The company has a market capitalization of $229.97 million, a P/E ratio of -51.30 and a beta of 1.29. MidSouth Bancorp has a fifty-two week low of $11.05 and a fifty-two week high of $15.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.84 and a current ratio of 0.84.

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

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