Analysts expect BancorpSouth Bank (NYSE:BXS) to announce $0.53 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for BancorpSouth Bank’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.50. BancorpSouth Bank posted earnings per share of $0.42 during the same quarter last year, which indicates a positive year over year growth rate of 26.2%. The company is scheduled to report its next earnings report on Wednesday, July 18th.
According to Zacks, analysts expect that BancorpSouth Bank will report full year earnings of $2.17 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.31. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.42 per share, with EPS estimates ranging from $2.35 to $2.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for BancorpSouth Bank.
BancorpSouth Bank (NYSE:BXS) last released its quarterly earnings data on Wednesday, April 18th. The bank reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $217.01 million during the quarter, compared to the consensus estimate of $210.65 million. BancorpSouth Bank had a net margin of 20.58% and a return on equity of 9.49%. During the same period last year, the firm earned $0.39 EPS.
Several research analysts recently commented on BXS shares. Zacks Investment Research downgraded shares of BancorpSouth Bank from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth Bank in a report on Tuesday, January 2nd. Piper Jaffray reiterated a “hold” rating and issued a $35.00 target price on shares of BancorpSouth Bank in a research note on Tuesday, January 9th. Stephens reiterated a “buy” rating and issued a $39.00 target price on shares of BancorpSouth Bank in a research note on Friday, January 26th. Finally, ValuEngine cut shares of BancorpSouth Bank from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. BancorpSouth Bank currently has a consensus rating of “Hold” and a consensus target price of $34.25.
BXS traded up $0.65 on Friday, hitting $33.25. The company’s stock had a trading volume of 918,604 shares, compared to its average volume of 642,682. The company has a market cap of $2,944.75, a PE ratio of 19.91 and a beta of 1.42. BancorpSouth Bank has a 12 month low of $27.20 and a 12 month high of $35.55. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.02.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.68%. The ex-dividend date was Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio is presently 33.53%.
A number of hedge funds and other institutional investors have recently bought and sold shares of BXS. Meeder Asset Management Inc. lifted its stake in BancorpSouth Bank by 239.4% in the 4th 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BancorpSouth Bank by 39.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock worth $169,000 after purchasing an additional 1,534 shares in the last quarter. Sciencast Management LP purchased a new stake in BancorpSouth Bank in the 4th quarter worth approximately $210,000. Ramsey Quantitative Systems purchased a new stake in BancorpSouth Bank in the 4th quarter worth approximately $241,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in BancorpSouth Bank in the 3rd quarter worth approximately $242,000. Institutional investors and hedge funds own 66.83% of the company’s stock.
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BancorpSouth Bank Company Profile
BancorpSouth Bank operates as a financial holding company for BancorpSouth Bank that provides commercial banking and financial services to individuals and small-to-medium size businesses. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits.
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