Analysts forecast that MidSouth Bancorp, Inc. (NYSE:MSL) will post sales of $20.37 million for the current quarter, Zacks reports. Two analysts have issued estimates for MidSouth Bancorp’s earnings. The highest sales estimate is $20.80 million and the lowest is $19.93 million. MidSouth Bancorp posted sales of $22.20 million during the same quarter last year, which suggests a negative year-over-year growth rate of 8.2%. The business is expected to report its next quarterly earnings report on Thursday, April 25th.

According to Zacks, analysts expect that MidSouth Bancorp will report full-year sales of $82.68 million for the current financial year, with estimates ranging from $80.35 million to $85.00 million. For the next financial year, analysts anticipate that the business will post sales of $83.81 million, with estimates ranging from $79.91 million to $87.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover MidSouth Bancorp.

MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings data on Wednesday, January 30th. The bank reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.46). MidSouth Bancorp had a negative net margin of 28.94% and a negative return on equity of 1.85%. The company had revenue of $21.99 million for the quarter, compared to analysts’ expectations of $20.94 million.

A number of analysts recently weighed in on MSL shares. Sandler O’Neill raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Zacks Investment Research cut shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, February 1st. ValuEngine lowered shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, FIG Partners upgraded shares of MidSouth Bancorp from a “market-perform” rating to an “outperform” rating in a report on Thursday, January 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. MidSouth Bancorp currently has an average rating of “Hold” and a consensus target price of $14.00.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of MidSouth Bancorp by 3.6% in the 4th quarter. BlackRock Inc. now owns 847,551 shares of the bank’s stock valued at $8,984,000 after acquiring an additional 29,057 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in MidSouth Bancorp by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 780,852 shares of the bank’s stock worth $8,277,000 after buying an additional 65,333 shares in the last quarter. Vanguard Group Inc lifted its position in MidSouth Bancorp by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 631,113 shares of the bank’s stock worth $9,720,000 after buying an additional 3,773 shares in the last quarter. Renaissance Technologies LLC lifted its position in MidSouth Bancorp by 21.4% in the 3rd quarter. Renaissance Technologies LLC now owns 433,000 shares of the bank’s stock worth $6,668,000 after buying an additional 76,400 shares in the last quarter. Finally, Maltese Capital Management LLC lifted its position in MidSouth Bancorp by 410.0% in the 3rd quarter. Maltese Capital Management LLC now owns 235,000 shares of the bank’s stock worth $3,619,000 after buying an additional 188,922 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Shares of NYSE MSL traded down $0.23 during trading on Thursday, hitting $12.04. 14,442 shares of the company traded hands, compared to its average volume of 69,688. MidSouth Bancorp has a 1 year low of $10.07 and a 1 year high of $16.15. The stock has a market capitalization of $201.24 million, a PE ratio of -32.54 and a beta of 1.31. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 0.15.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 14th. MidSouth Bancorp’s dividend payout ratio is presently -10.81%.

About MidSouth Bancorp

MidSouth Bancorp, Inc offers banking products and services. It offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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