Q3 2016 Earnings Estimate for BancorpSouth Inc. (BXS) Issued By Jefferies Group
BancorpSouth Inc. (NYSE:BXS) – Equities researchers at Jefferies Group upped their Q3 2016 earnings estimates for shares of BancorpSouth in a report issued on Friday. Jefferies Group analyst E. Harmon now anticipates that the brokerage will post earnings per share of $0.41 for the quarter, up from their previous estimate of $0.40. Jefferies Group also issued estimates for BancorpSouth’s FY2016 earnings at $1.56 EPS and FY2017 earnings at $1.65 EPS.
BXS has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their target price on shares of BancorpSouth from $24.00 to $23.50 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Zacks Investment Research lowered shares of BancorpSouth from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Keefe, Bruyette & Woods upgraded shares of BancorpSouth from a “market perform” rating to an “outperform” rating and upped their target price for the company from $24.00 to $25.00 in a research note on Thursday, June 30th. FBR & Co restated a “buy” rating on shares of BancorpSouth in a research note on Saturday, July 9th. Finally, Raymond James Financial Inc. lowered shares of BancorpSouth from a “market perform” rating to an “underperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. BancorpSouth presently has a consensus rating of “Hold” and an average target price of $24.71.
Shares of BancorpSouth (NYSE:BXS) opened at 23.24 on Monday. The firm has a market cap of $2.20 billion, a PE ratio of 19.55 and a beta of 1.20. The stock’s 50 day moving average price is $23.92 and its 200-day moving average price is $23.07. BancorpSouth has a 52-week low of $18.69 and a 52-week high of $27.23.
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BancorpSouth (NYSE:BXS) last posted its earnings results on Wednesday, July 20th. The company reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. BancorpSouth had a return on equity of 8.36% and a net margin of 15.25%. During the same quarter in the previous year, the company earned $0.41 EPS.
Large investors have recently made changes to their positions in the stock. Skyline Asset Management LP raised its stake in shares of BancorpSouth by 3.9% in the first quarter. Skyline Asset Management LP now owns 1,205,100 shares of the company’s stock valued at $25,681,000 after buying an additional 45,200 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of BancorpSouth by 2.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 142,158 shares of the company’s stock valued at $3,029,000 after buying an additional 2,948 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of BancorpSouth by 12.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 3,468,210 shares of the company’s stock valued at $73,907,000 after buying an additional 384,872 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of BancorpSouth by 86.6% in the first quarter. Renaissance Technologies LLC now owns 980,600 shares of the company’s stock valued at $20,897,000 after buying an additional 455,087 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of BancorpSouth by 17.0% in the first quarter. UBS Group AG now owns 84,325 shares of the company’s stock valued at $1,797,000 after buying an additional 12,273 shares during the last quarter. Institutional investors own 62.98% of the company’s stock.
In related news, insider James Ronald Hodges sold 4,543 shares of the stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $24.01, for a total transaction of $109,077.43. Following the sale, the insider now owns 26,900 shares in the company, valued at $645,869. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.93% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were paid a dividend of $0.125 per share. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.50 annualized dividend and a yield of 2.15%. BancorpSouth’s dividend payout ratio is 42.02%.
BancorpSouth Company Profile
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), 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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