Research Analysts Set Expectations for MidSouth Bancorp’s FY2017 Earnings (MSL)
MidSouth Bancorp (NYSE:MSL) – Research analysts at FIG Partners cut their FY2017 EPS estimates for shares of MidSouth Bancorp in a research report issued to clients and investors on Wednesday. FIG Partners analyst B. Martin now forecasts that the bank will post earnings per share of ($0.09) for the year, down from their prior forecast of ($0.04). FIG Partners also issued estimates for MidSouth Bancorp’s Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.75 EPS.
MSL has been the topic of a number of other reports. Stephens reiterated a “buy” rating and issued a $15.00 price objective on shares of MidSouth Bancorp in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Sandler O’Neill reiterated a “buy” rating and issued a $14.00 price objective on shares of MidSouth Bancorp in a research report on Tuesday, September 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $12.00 price objective on shares of MidSouth Bancorp in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.33.
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MidSouth Bancorp (MSL) opened at 13.20 on Monday. MidSouth Bancorp has a 1-year low of $9.95 and a 1-year high of $16.60. The firm’s market capitalization is $218.37 million. The company has a 50 day moving average of $12.54 and a 200 day moving average of $12.61.
MidSouth Bancorp (NYSE:MSL) last posted its earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.50%. The firm had revenue of $24.30 million during the quarter, compared to analysts’ expectations of $23.32 million.
A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in MidSouth Bancorp by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 32,182 shares of the bank’s stock valued at $492,000 after acquiring an additional 604 shares during the period. MML Investors Services LLC lifted its holdings in MidSouth Bancorp by 16.9% in the second quarter. MML Investors Services LLC now owns 15,205 shares of the bank’s stock valued at $179,000 after acquiring an additional 2,197 shares during the period. Naples Global Advisors LLC lifted its holdings in MidSouth Bancorp by 15.0% in the second quarter. Naples Global Advisors LLC now owns 24,550 shares of the bank’s stock valued at $288,000 after acquiring an additional 3,200 shares during the period. Spark Investment Management LLC lifted its holdings in MidSouth Bancorp by 32.5% in the second quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock valued at $177,000 after acquiring an additional 3,700 shares during the period. Finally, Eagle Global Advisors LLC lifted its holdings in MidSouth Bancorp by 24.6% in the second quarter. Eagle Global Advisors LLC now owns 19,297 shares of the bank’s stock valued at $227,000 after acquiring an additional 3,808 shares during the period. 52.29% of the stock is owned by institutional investors.
In other MidSouth Bancorp news, Director C R. Cloutier sold 8,124 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $13.77, for a total value of $111,867.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.84% of the stock is currently owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Thursday, December 14th. MidSouth Bancorp’s dividend payout ratio (DPR) is currently -21.05%.
About MidSouth Bancorp
MidSouth Bancorp, Inc is a financial holding company. The Company operates primarily through its wholly owned bank subsidiary, MidSouth Bank, N.A. The Company is operating principally in the community banking business by providing banking services to commercial and retail customers through the Bank. The Bank is community oriented and focuses primarily on offering commercial and consumer loan and deposit services to individuals and small to middle market businesses in Louisiana, and central and east Texas.
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