BancorpSouth Bank (BXS) to Post Q1 2018 Earnings of $0.52 Per Share, FIG Partners Forecasts
BancorpSouth Bank (NYSE:BXS) – Analysts at FIG Partners issued their Q1 2018 EPS estimates for BancorpSouth Bank in a research note issued on Tuesday. FIG Partners analyst J. Rodis anticipates that the bank will post earnings per share of $0.52 for the quarter. FIG Partners also issued estimates for BancorpSouth Bank’s Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.56 EPS.
BancorpSouth Bank (NYSE:BXS) last released its earnings results on Thursday, October 19th. The bank reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. BancorpSouth Bank had a return on equity of 8.97% and a net margin of 19.59%. The firm had revenue of $186.52 million during the quarter, compared to analysts’ expectations of $191.32 million. During the same period in the previous year, the firm posted $0.40 EPS. BancorpSouth Bank’s revenue for the quarter was up .5% on a year-over-year basis.
BXS has been the subject of a number of other reports. Zacks Investment Research raised BancorpSouth Bank from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. SunTrust Banks reaffirmed a “hold” rating and set a $34.00 price target on shares of BancorpSouth Bank in a report on Wednesday, November 29th. ValuEngine downgraded BancorpSouth Bank from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth Bank in a report on Monday, October 30th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $31.00 price target on shares of BancorpSouth Bank in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. BancorpSouth Bank currently has a consensus rating of “Hold” and a consensus target price of $33.63.
BancorpSouth Bank (NYSE:BXS) opened at $34.55 on Friday. The company has a market capitalization of $3,071.21, a price-to-earnings ratio of 20.94 and a beta of 1.41. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02. BancorpSouth Bank has a one year low of $27.20 and a one year high of $34.55.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Thursday, December 14th. BancorpSouth Bank’s dividend payout ratio (DPR) is 33.94%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its holdings in shares of BancorpSouth Bank by 3.1% in the 2nd 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 last quarter. First Trust Advisors LP lifted its holdings in shares of BancorpSouth Bank by 201.8% in the 2nd quarter. First Trust Advisors LP now owns 51,009 shares of the bank’s stock valued at $1,556,000 after purchasing an additional 34,106 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of BancorpSouth Bank by 18.1% in the 2nd quarter. Legal & General Group Plc now owns 64,385 shares of the bank’s stock valued at $1,965,000 after purchasing an additional 9,853 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BancorpSouth Bank by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock valued at $117,000 after purchasing an additional 316 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of BancorpSouth Bank by 1.6% in the 2nd quarter. Principal Financial Group Inc. now owns 350,431 shares of the bank’s stock valued at $10,688,000 after purchasing an additional 5,653 shares during the last quarter. 66.44% of the stock is owned by institutional investors.
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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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