Zacks: Analysts Anticipate BancorpSouth Bank (NYSE:BXS) Will Post Earnings of $0.68 Per Share

Analysts predict that BancorpSouth Bank (NYSE:BXS) will announce earnings per share (EPS) of $0.68 for the current quarter, Zacks reports. Five analysts have made estimates for BancorpSouth Bank’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.75. BancorpSouth Bank reported earnings of $0.69 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.4%. The firm is scheduled to announce its next quarterly earnings results on Monday, October 18th.

According to Zacks, analysts expect that BancorpSouth Bank will report full-year earnings of $2.30 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $2.95. For the next year, analysts forecast that the company will post earnings of $2.70 per share, with EPS estimates ranging from $2.50 to $2.90. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow BancorpSouth Bank.

BancorpSouth Bank (NYSE:BXS) last posted its earnings results on Thursday, July 22nd. The bank reported $0.53 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.14). BancorpSouth Bank had a return on equity of 10.87% and a net margin of 25.07%. The firm had revenue of $282.13 million during the quarter, compared to the consensus estimate of $268.62 million. During the same quarter last year, the company posted $0.59 EPS. BancorpSouth Bank’s revenue for the quarter was up 8.2% on a year-over-year basis.

BXS has been the subject of several recent analyst reports. Raymond James upgraded shares of BancorpSouth Bank from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Friday, May 14th. Hovde Group upgraded shares of BancorpSouth Bank from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Tuesday, April 13th. Finally, DA Davidson upgraded shares of BancorpSouth Bank from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday, June 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. BancorpSouth Bank currently has an average rating of “Buy” and an average target price of $30.17.

NYSE BXS traded down $0.88 on Thursday, hitting $25.28. The stock had a trading volume of 24,575 shares, compared to its average volume of 827,544. BancorpSouth Bank has a one year low of $18.10 and a one year high of $35.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.71 and a current ratio of 0.73. The stock has a market cap of $2.59 billion, a PE ratio of 9.42 and a beta of 1.24. The firm’s 50-day simple moving average is $29.14.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 1st. Stockholders of record on Tuesday, June 15th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Monday, June 14th. BancorpSouth Bank’s dividend payout ratio (DPR) is presently 33.04%.

Several institutional investors have recently bought and sold shares of the company. Swiss National Bank boosted its holdings in BancorpSouth Bank by 3.0% during the first quarter. Swiss National Bank now owns 238,800 shares of the bank’s stock worth $7,756,000 after buying an additional 6,900 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in BancorpSouth Bank by 120.6% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,540 shares of the bank’s stock worth $180,000 after buying an additional 3,029 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in BancorpSouth Bank by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,676 shares of the bank’s stock worth $24,962,000 after buying an additional 34,210 shares in the last quarter. Comerica Bank boosted its holdings in BancorpSouth Bank by 4.8% during the first quarter. Comerica Bank now owns 166,870 shares of the bank’s stock worth $5,070,000 after buying an additional 7,703 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in BancorpSouth Bank during the first quarter worth approximately $276,000. Institutional investors and hedge funds own 62.84% of the company’s stock.

BancorpSouth Bank Company Profile

BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. The company operates through Banking Services Group, Mortgage, Insurance Agencies, Wealth Management, and General Corporate and Other segments. It accepts various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits.

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Earnings History and Estimates for BancorpSouth Bank (NYSE:BXS)

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