Wall Street analysts expect that BancorpSouth Bank (NYSE:BXS) will report earnings of $0.51 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for BancorpSouth Bank’s earnings, with estimates ranging from $0.47 to $0.52. BancorpSouth Bank posted earnings of $0.39 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.8%. The business is expected to report its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that BancorpSouth Bank will report full year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.36. For the next financial year, analysts forecast that the business will report earnings of $2.38 per share, with EPS estimates ranging from $2.35 to $2.40. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow BancorpSouth Bank.
BancorpSouth Bank (NYSE:BXS) last released its earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $184.46 million for the quarter, compared to analysts’ expectations of $187.12 million. BancorpSouth Bank had a return on equity of 9.01% and a net margin of 19.59%. During the same quarter in the previous year, the business posted $0.40 EPS.
Several research firms have commented on BXS. Stephens restated a “buy” rating and issued a $39.00 target price on shares of BancorpSouth Bank in a research note on Friday, January 26th. Brean Capital restated a “hold” rating on shares of BancorpSouth Bank in a research note on Thursday, January 25th. SunTrust Banks reaffirmed a “hold” rating and set a $34.00 price target on shares of BancorpSouth Bank in a research report on Wednesday, November 29th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $35.00 price target on shares of BancorpSouth Bank in a research report on Tuesday, January 9th. Finally, Zacks Investment Research lowered BancorpSouth Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.13.
BancorpSouth Bank (NYSE:BXS) traded down $0.18 during midday trading on Tuesday, reaching $32.52. The company’s stock had a trading volume of 828,219 shares, compared to its average volume of 752,518. The company has a market cap of $2,950.00, a PE ratio of 19.97 and a beta of 1.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.85 and a quick ratio of 0.84. BancorpSouth Bank has a 12-month low of $27.20 and a 12-month high of $35.55.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio (DPR) is 34.36%.
Several large investors have recently bought and sold shares of BXS. Wells Fargo & Company MN increased its position in shares of BancorpSouth Bank by 14.4% during the 2nd quarter. Wells Fargo & Company MN now owns 88,241 shares of the bank’s stock worth $2,692,000 after purchasing an additional 11,114 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of BancorpSouth Bank by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 280,483 shares of the bank’s stock worth $8,555,000 after acquiring an additional 3,494 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of BancorpSouth Bank by 2.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 113,259 shares of the bank’s stock worth $3,454,000 after acquiring an additional 3,119 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of BancorpSouth Bank by 10.2% during the 2nd quarter. Voya Investment Management LLC now owns 37,649 shares of the bank’s stock worth $1,148,000 after acquiring an additional 3,480 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of BancorpSouth Bank by 6.8% during the 2nd quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock worth $149,028,000 after acquiring an additional 310,447 shares during the last quarter. 66.19% of the stock is currently owned by hedge funds and other institutional investors.
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About BancorpSouth Bank
BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.
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