BancorpSouth, Inc. (NYSE:BXS) – Equities research analysts at Jefferies Group increased their Q1 2018 earnings per share (EPS) estimates for BancorpSouth in a research report issued to clients and investors on Tuesday. Jefferies Group analyst C. Haire now forecasts that the bank will earn $0.47 per share for the quarter, up from their prior forecast of $0.45. Jefferies Group currently has a “Hold” rating and a $33.00 target price on the stock. Jefferies Group also issued estimates for BancorpSouth’s Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.92 EPS and FY2019 earnings at $2.07 EPS.
Several other research analysts have also weighed in on BXS. Hovde Group upped their price objective on shares of BancorpSouth from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of BancorpSouth from a “sell” rating to a “hold” rating in a research note on Tuesday. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $33.00 price objective on shares of BancorpSouth in a research note on Friday, October 20th. Finally, Stephens set a $35.00 price objective on shares of BancorpSouth and gave the company a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $33.00.
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BancorpSouth (NYSE:BXS) remained flat at $32.25 during mid-day trading on Thursday. The company had a trading volume of 505,982 shares. BancorpSouth has a 12 month low of $22.85 and a 12 month high of $32.70. The stock has a market capitalization of $2.94 billion, a P/E ratio of 19.86 and a beta of 1.43. The stock’s 50-day moving average price is $31.07 and its 200-day moving average price is $30.21.
BancorpSouth (NYSE:BXS) last released its earnings results on Thursday, October 19th. The bank reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $186.52 million during the quarter, compared to analysts’ expectations of $191.32 million. BancorpSouth had a net margin of 19.59% and a return on equity of 8.98%. BancorpSouth’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in BancorpSouth by 17,271.2% in the 1st quarter. BlackRock Inc. now owns 9,111,731 shares of the bank’s stock valued at $275,630,000 after purchasing an additional 9,059,278 shares during the period. Vanguard Group Inc. boosted its holdings in BancorpSouth by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 6,965,034 shares of the bank’s stock valued at $210,692,000 after purchasing an additional 331,845 shares during the period. State Street Corp boosted its holdings in BancorpSouth by 6.8% in the 2nd quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock valued at $149,028,000 after purchasing an additional 310,447 shares during the period. Northern Trust Corp boosted its holdings in BancorpSouth by 8.2% in the 2nd quarter. Northern Trust Corp now owns 2,583,338 shares of the bank’s stock valued at $78,792,000 after purchasing an additional 196,469 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in BancorpSouth by 0.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,662,759 shares of the bank’s stock valued at $50,714,000 after purchasing an additional 6,558 shares during the period. 65.34% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, December 14th. BancorpSouth’s dividend payout ratio (DPR) is presently 33.94%.
BancorpSouth Company Profile
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), 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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