Analysts expect BancorpSouth Bank (NYSE:BXS) to announce sales of $211.35 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for BancorpSouth Bank’s earnings, with the highest sales estimate coming in at $216.60 million and the lowest estimate coming in at $207.00 million. BancorpSouth Bank posted sales of $185.48 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.9%. The company is expected to announce its next earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that BancorpSouth Bank will report full year sales of $211.35 million for the current fiscal year, with estimates ranging from $860.70 million to $881.30 million. For the next fiscal year, analysts expect that the company will post sales of $908.78 million per share, with estimates ranging from $901.40 million to $924.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover BancorpSouth Bank.
BancorpSouth Bank (NYSE:BXS) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $184.46 million during the quarter, compared to the consensus estimate of $187.12 million. BancorpSouth Bank had a return on equity of 9.01% and a net margin of 19.59%. During the same quarter in the prior year, the business posted $0.40 earnings per share.
A number of brokerages recently commented on BXS. Stephens reissued a “buy” rating and issued a $39.00 price target on shares of BancorpSouth Bank in a report on Friday, January 26th. Zacks Investment Research downgraded BancorpSouth Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Brean Capital restated a “hold” rating on shares of BancorpSouth Bank in a research note on Monday, February 5th. Piper Jaffray Companies restated a “hold” rating and set a $35.00 price objective on shares of BancorpSouth Bank in a research note on Tuesday, January 9th. Finally, SunTrust Banks restated a “hold” rating and set a $34.00 price objective on shares of BancorpSouth Bank in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $34.13.
BancorpSouth Bank (NYSE:BXS) opened at $33.15 on Tuesday. The company has a market capitalization of $3,035.08, a PE ratio of 19.97 and a beta of 1.47. BancorpSouth Bank has a 1-year low of $27.20 and a 1-year high of $35.55. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.02.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, March 14th. BancorpSouth Bank’s payout ratio is currently 33.74%.
A number of hedge funds and other institutional investors have recently made changes to their positions in BXS. Meeder Asset Management Inc. raised its stake in BancorpSouth Bank by 239.4% during the fourth quarter. Meeder Asset Management Inc. now owns 4,415 shares of the bank’s stock valued at $139,000 after buying an additional 3,114 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BancorpSouth Bank by 39.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock valued at $169,000 after buying an additional 1,534 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in BancorpSouth Bank during the third quarter valued at approximately $203,000. Shelton Capital Management acquired a new stake in BancorpSouth Bank during the third quarter valued at approximately $210,000. Finally, Sciencast Management LP acquired a new stake in shares of BancorpSouth Bank during the 4th quarter worth approximately $210,000. Hedge funds and other institutional investors own 66.83% 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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