BancorpSouth Bank (BXS) Expected to Announce Earnings of $0.41 Per Share
Wall Street brokerages expect that BancorpSouth Bank (NYSE:BXS) will report $0.41 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for BancorpSouth Bank’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.41. BancorpSouth Bank reported earnings of $0.40 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The business is scheduled to report its next earnings results after the market closes on Wednesday, January 24th.
According to Zacks, analysts expect that BancorpSouth Bank will report full-year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.66. For the next financial year, analysts forecast that the company will report earnings of $1.96 per share, with EPS estimates ranging from $1.83 to $2.16. Zacks’ 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 Thursday, October 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. BancorpSouth Bank had a return on equity of 8.97% and a net margin of 19.59%. The company had revenue of $186.52 million for the quarter, compared to analyst estimates of $191.32 million. During the same period in the previous year, the company posted $0.40 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year.
A number of equities analysts have recently issued reports on BXS shares. Zacks Investment Research upgraded BancorpSouth Bank from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. SunTrust Banks reiterated a “hold” rating and issued a $34.00 price objective on shares of BancorpSouth Bank in a report on Wednesday, November 29th. ValuEngine cut BancorpSouth Bank from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Brean Capital reissued a “hold” rating on shares of BancorpSouth Bank in a research report on Monday, October 30th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $31.00 price objective on shares of BancorpSouth Bank in a research report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.63.
BancorpSouth Bank (BXS) opened at $33.00 on Wednesday. BancorpSouth Bank has a one year low of $27.20 and a one year high of $34.45. 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 firm has a market capitalization of $2,930.00, a PE ratio of 20.25 and a beta of 1.41.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.70%. BancorpSouth Bank’s dividend payout ratio (DPR) is presently 34.36%.
Several hedge funds and other institutional investors have recently made changes to their positions in BXS. Schwab Charles Investment Management Inc. boosted its holdings in shares of BancorpSouth Bank by 3.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 445,814 shares of the bank’s stock valued at $13,598,000 after purchasing an additional 13,577 shares during the period. First Trust Advisors LP raised its stake in BancorpSouth Bank by 201.8% in the second quarter. First Trust Advisors LP now owns 51,009 shares of the bank’s stock worth $1,556,000 after buying an additional 34,106 shares in the last quarter. Legal & General Group Plc raised its stake in BancorpSouth Bank by 18.1% in the second quarter. Legal & General Group Plc now owns 64,385 shares of the bank’s stock worth $1,965,000 after buying an additional 9,853 shares in the last quarter. Federated Investors Inc. PA raised its stake in BancorpSouth Bank by 12.1% in the second quarter. Federated Investors Inc. PA now owns 50,841 shares of the bank’s stock worth $1,551,000 after buying an additional 5,472 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $117,000 after buying an additional 316 shares in the last quarter. Hedge funds and other 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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