BancorpSouth Bank (NYSE:BXS) – Jefferies Group upped their FY2018 earnings per share (EPS) estimates for BancorpSouth Bank in a research report issued on Monday. Jefferies Group analyst C. Haire now expects that the bank will earn $2.21 per share for the year, up from their previous forecast of $1.92. Jefferies Group also issued estimates for BancorpSouth Bank’s FY2019 earnings at $2.43 EPS.
A number of other brokerages also recently commented on BXS. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 price objective on shares of BancorpSouth Bank in a research report on Thursday, October 12th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $31.00 price objective on shares of BancorpSouth Bank in a research report on Thursday, October 5th. Zacks Investment Research upgraded BancorpSouth Bank from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, September 19th. Royal Bank of Canada reiterated a “hold” rating and issued a $33.00 price objective on shares of BancorpSouth Bank in a research report on Friday, October 20th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $34.00 price objective on shares of BancorpSouth Bank in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.63.
Shares of BancorpSouth Bank (BXS) traded up $0.45 during mid-day trading on Wednesday, hitting $34.00. The company’s stock had a trading volume of 725,221 shares, compared to its average volume of 598,544. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. BancorpSouth Bank has a 52 week low of $27.20 and a 52 week high of $34.45. The company has a market cap of $2,980.00, a P/E ratio of 20.86 and a beta of 1.41.
BancorpSouth Bank (NYSE:BXS) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. BancorpSouth Bank had a return on equity of 8.97% and a net margin of 19.59%. The company had revenue of $186.52 million during the quarter, compared to the consensus estimate of $191.32 million. During the same quarter last year, the company earned $0.40 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.65%. BancorpSouth Bank’s payout ratio is presently 34.36%.
Several institutional investors and hedge funds have recently modified their holdings of BXS. Riverhead Capital Management LLC raised its holdings in shares of BancorpSouth Bank by 92.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock worth $112,000 after buying an additional 1,757 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of BancorpSouth Bank by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock worth $117,000 after buying an additional 316 shares in the last quarter. Oakbrook Investments LLC acquired a new position in shares of BancorpSouth Bank in the 3rd quarter worth approximately $202,000. Grandfield & Dodd LLC acquired a new position in shares of BancorpSouth Bank in the 3rd quarter worth approximately $203,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of BancorpSouth Bank in the 3rd quarter worth approximately $203,000. 66.44% of the stock is owned by institutional investors and hedge funds.
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BancorpSouth Bank Company Profile
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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