MidSouth Bancorp Inc. is an AMEX listed security that has been trading in a range between $22.40 and $32.80 over the past year. With 6,271,390 shares outstanding, a recent price of $23.51 gives a total market capitalization of $157,349,176. While there are certainly larger companies, MidSouth Bancorp Inc. has definitely earned its place in the pack. Last year, MidSouth Bancorp Inc. created $1.32 in earnings for every share outstanding.
MidSouth Bancorp Inc. is currently priced by the market at 19.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, MidSouth Bancorp Inc. could be an interesting value proposition.
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