BancorpSouth Bank (NYSE:BXS) – Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for BancorpSouth Bank in a report issued on Tuesday. Jefferies Group analyst C. Haire expects that the bank will post earnings per share of $0.53 for the quarter. Jefferies Group also issued estimates for BancorpSouth Bank’s Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.58 EPS and Q4 2018 earnings at $0.54 EPS.
BancorpSouth Bank (NYSE:BXS) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. BancorpSouth Bank had a net margin of 19.59% and a return on equity of 8.97%. The business had revenue of $186.52 million for the quarter, compared to analyst estimates of $191.32 million. During the same period in the prior year, the business posted $0.40 earnings per share. BancorpSouth Bank’s revenue was up .5% compared to the same quarter last year.
Other equities analysts have also issued reports about the stock. Brean Capital restated a “hold” rating on shares of BancorpSouth Bank in a report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 target price on shares of BancorpSouth Bank in a report on Thursday, October 12th. Hovde Group increased their target price on shares of BancorpSouth Bank from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. ValuEngine upgraded shares of BancorpSouth Bank from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Finally, Zacks Investment Research upgraded shares of BancorpSouth Bank from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $33.63.
BancorpSouth Bank (BXS) opened at $34.55 on Friday. BancorpSouth Bank has a twelve month low of $27.20 and a twelve month high of $34.55. The firm has a market cap of $3,071.21, a P/E ratio of 20.94 and a beta of 1.41. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.02.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were issued a $0.14 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.56 annualized dividend and a yield of 1.62%. BancorpSouth Bank’s dividend payout ratio (DPR) is presently 33.94%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp grew its position in BancorpSouth Bank by 6.8% in the second 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 in the last quarter. Dimensional Fund Advisors LP grew its position in BancorpSouth Bank by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,104,460 shares of the bank’s stock valued at $131,549,000 after purchasing an additional 28,854 shares in the last quarter. Northern Trust Corp grew its position in BancorpSouth Bank by 8.2% in the second 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 in the last quarter. Goldman Sachs Group Inc. grew its position in BancorpSouth Bank by 0.4% in the second 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 in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC grew its position in BancorpSouth Bank by 113.9% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,533,650 shares of the bank’s stock valued at $49,153,000 after purchasing an additional 816,760 shares in the last quarter. Institutional investors own 66.44% of the company’s stock.
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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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