BancorpSouth Bank (NYSE:BXS) – Equities researchers at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for BancorpSouth Bank in a research note issued to investors on Tuesday, Zacks Investment Research reports. Jefferies Group analyst C. Haire anticipates that the bank will post earnings of $0.53 per share 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.
BXS has been the subject of several other reports. ValuEngine cut shares of BancorpSouth Bank from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth Bank in a report on Tuesday, December 5th. Stephens reiterated a “buy” rating and issued a $39.00 target price on shares of BancorpSouth Bank in a report on Friday, January 26th. 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, Zacks Investment Research cut shares of BancorpSouth Bank from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.13.
Shares of BancorpSouth Bank (BXS) traded down $0.25 on Friday, hitting $33.95. 589,674 shares of the stock traded hands, compared to its average volume of 666,306. BancorpSouth Bank has a 12 month low of $27.20 and a 12 month high of $35.55. The firm has a market cap of $3,066.70, a PE ratio of 20.45 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 (NYSE:BXS) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $184.46 million for the quarter, compared to analysts’ expectations of $187.12 million. BancorpSouth Bank had a net margin of 19.59% and a return on equity of 9.01%. During the same quarter in the previous year, the company posted $0.40 EPS.
Several hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of BancorpSouth Bank by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock worth $117,000 after purchasing an additional 316 shares during the period. Pinebridge Investments L.P. boosted its holdings in shares of BancorpSouth Bank by 3.2% during the second quarter. Pinebridge Investments L.P. now owns 44,828 shares of the bank’s stock worth $1,367,000 after purchasing an additional 1,406 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of BancorpSouth Bank by 92.5% during the second quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock worth $112,000 after purchasing an additional 1,757 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of BancorpSouth Bank by 8.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 26,140 shares of the bank’s stock worth $822,000 after purchasing an additional 2,000 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in shares of BancorpSouth Bank by 1.9% during the third quarter. Retirement Systems of Alabama now owns 109,233 shares of the bank’s stock worth $3,501,000 after purchasing an additional 2,075 shares during the period. Institutional investors and hedge funds own 66.51% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio is currently 33.74%.
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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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