BancorpSouth Bank (NYSE:BXS) – Analysts at Jefferies Group increased their FY2018 earnings per share (EPS) estimates for shares of BancorpSouth Bank in a research report issued on Monday, according to Zacks Investment Research. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $2.21 for the year, up from their prior estimate of $1.92. Jefferies Group also issued estimates for BancorpSouth Bank’s FY2019 earnings at $2.43 EPS.
Other analysts have also recently issued reports about the company. Brean Capital reiterated 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 upped their target price on BancorpSouth Bank from $32.00 to $33.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $35.00 target price on shares of BancorpSouth Bank in a report on Tuesday, January 9th. Finally, Stephens reissued a “buy” rating and issued a $39.00 price target on shares of BancorpSouth Bank in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.13.
Shares of BancorpSouth Bank (BXS) opened at $33.95 on Wednesday. BancorpSouth Bank has a twelve month low of $27.20 and a twelve month high of $35.55. The company has a market capitalization of $3,089.28, a P/E ratio of 20.60 and a beta of 1.46. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.02.
BancorpSouth Bank (NYSE:BXS) last announced 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. BancorpSouth Bank had a return on equity of 9.01% and a net margin of 19.59%. The business had revenue of $184.46 million for the quarter, compared to analysts’ expectations of $187.12 million. During the same period in the prior year, the business posted $0.40 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio (DPR) is presently 33.74%.
Institutional investors and hedge funds have recently modified their holdings of the business. Riverhead Capital Management LLC lifted its stake in BancorpSouth Bank by 92.5% in the second quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock valued at $112,000 after buying an additional 1,757 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BancorpSouth Bank by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock valued at $117,000 after buying an additional 316 shares during the period. Meeder Asset Management Inc. raised its position in shares of BancorpSouth Bank by 239.4% during the fourth quarter. Meeder Asset Management Inc. now owns 4,415 shares of the bank’s stock worth $139,000 after purchasing an additional 3,114 shares during the period. Oakbrook Investments LLC acquired a new position in shares of BancorpSouth Bank during the third quarter worth approximately $202,000. Finally, Grandfield & Dodd LLC acquired a new position in shares of BancorpSouth Bank during the third quarter worth approximately $203,000. 66.51% 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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