-$0.18 EPS Expected for MidSouth Bancorp, Inc. (MSL) This Quarter

Equities research analysts expect MidSouth Bancorp, Inc. (NYSE:MSL) to announce earnings of ($0.18) per share for the current quarter, according to Zacks. Two analysts have made estimates for MidSouth Bancorp’s earnings. The lowest EPS estimate is ($0.18) and the highest is ($0.17). MidSouth Bancorp posted earnings per share of ($0.15) during the same quarter last year, which would suggest a negative year-over-year growth rate of 20%. The company is scheduled to announce its next earnings report on Tuesday, January 29th.

On average, analysts expect that MidSouth Bancorp will report full-year earnings of ($0.54) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.46). For the next financial year, analysts anticipate that the firm will report earnings of $0.44 per share, with EPS estimates ranging from $0.30 to $0.57. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for MidSouth Bancorp.

MidSouth Bancorp (NYSE:MSL) last released its earnings results on Tuesday, October 30th. The bank reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.08. MidSouth Bancorp had a negative net margin of 16.04% and a positive return on equity of 2.29%. The business had revenue of $21.56 million during the quarter, compared to analyst estimates of $21.52 million.

MSL has been the topic of several research reports. Zacks Investment Research raised MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, October 11th. Raymond James raised MidSouth Bancorp from an “underperform” rating to a “market perform” rating in a research report on Friday, August 17th. Sandler O’Neill lowered 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 lowered MidSouth Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. MidSouth Bancorp presently has an average rating of “Hold” and a consensus target price of $16.00.

MidSouth Bancorp stock opened at $13.39 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.05. The firm has a market cap of $223.64 million, a PE ratio of -49.59 and a beta of 1.40. MidSouth Bancorp has a 52-week low of $12.15 and a 52-week high of $16.15.

Several hedge funds have recently bought and sold shares of MSL. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of MidSouth Bancorp during the 2nd quarter valued at approximately $1,121,000. Dimensional Fund Advisors LP grew its stake in MidSouth Bancorp by 15.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 616,165 shares of the bank’s stock worth $7,794,000 after buying an additional 80,227 shares during the last quarter. BlackRock Inc. grew its stake in MidSouth Bancorp by 7.6% during the 2nd quarter. BlackRock Inc. now owns 793,339 shares of the bank’s stock worth $10,511,000 after buying an additional 55,809 shares during the last quarter. Maltese Capital Management LLC bought a new position in MidSouth Bancorp during the 2nd quarter worth $611,000. Finally, Millennium Management LLC grew its stake in MidSouth Bancorp by 18.9% during the 1st quarter. Millennium Management LLC now owns 274,199 shares of the bank’s stock worth $3,469,000 after buying an additional 43,633 shares during the last quarter. 61.81% of the stock is currently owned by institutional investors and hedge funds.

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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