Q4 2016 EPS Estimates for BancorpSouth Inc. Lifted by Analyst (BXS)
BancorpSouth Inc. (NYSE:BXS) – Stock analysts at Jefferies Group increased their Q4 2016 earnings per share estimates for shares of BancorpSouth in a research note issued on Tuesday. Jefferies Group analyst E. Harmon now forecasts that the brokerage will earn $0.44 per share for the quarter, up from their previous estimate of $0.40. Jefferies Group also issued estimates for BancorpSouth’s Q1 2017 earnings at $0.41 EPS, Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.42 EPS and Q4 2017 earnings at $0.41 EPS.
A number of other analysts also recently weighed in on BXS. FBR & Co reiterated a “buy” rating on shares of BancorpSouth in a research report on Saturday, July 9th. Zacks Investment Research upgraded BancorpSouth from a “sell” rating to a “hold” rating in a research report on Friday, July 8th. JPMorgan Chase & Co. cut their target price on BancorpSouth from $24.00 to $23.50 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Raymond James Financial Inc. downgraded BancorpSouth from a “market perform” rating to an “underperform” rating in a research report on Thursday, October 6th. Finally, Keefe, Bruyette & Woods upgraded 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 report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.71.
Shares of BancorpSouth (NYSE:BXS) traded down 2.56% during mid-day trading on Thursday, hitting $22.47. The stock had a trading volume of 586,063 shares. The company has a market capitalization of $2.12 billion, a P/E ratio of 18.90 and a beta of 1.20. The stock’s 50-day moving average price is $23.86 and its 200 day moving average price is $23.12. BancorpSouth has a 1-year low of $18.69 and a 1-year high of $27.23.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/q4-2016-eps-estimates-for-bancorpsouth-inc-lifted-by-analyst-bxs.html
BancorpSouth (NYSE:BXS) last announced its earnings results on Wednesday, July 20th. The company reported $0.39 earnings per share for the quarter, meeting 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 period last year, the firm earned $0.41 earnings per share.
A number of institutional investors have recently bought and sold shares of BXS. Vanguard Group Inc. increased its position in BancorpSouth by 5.0% in the second quarter. Vanguard Group Inc. now owns 6,206,513 shares of the company’s stock valued at $140,826,000 after buying an additional 295,789 shares in the last quarter. State Street Corp increased its position in BancorpSouth by 3.4% in the first quarter. State Street Corp now owns 4,486,002 shares of the company’s stock valued at $95,598,000 after buying an additional 147,540 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in BancorpSouth by 27.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 4,419,861 shares of the company’s stock valued at $100,286,000 after buying an additional 951,651 shares in the last quarter. Dimensional Fund Advisors LP increased its position in BancorpSouth by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,820,324 shares of the company’s stock valued at $86,680,000 after buying an additional 200,626 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in BancorpSouth by 1.6% in the third quarter. Fisher Asset Management LLC now owns 2,954,533 shares of the company’s stock valued at $68,545,000 after buying an additional 46,124 shares in the last quarter. Hedge funds and other institutional investors own 62.98% of the company’s stock.
In other BancorpSouth news, insider James Ronald Hodges sold 4,543 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $24.01, for a total value of $109,077.43. Following the completion of the transaction, the insider now directly owns 26,900 shares in the company, valued at $645,869. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.93% of the stock is owned by company insiders.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were given a $0.125 dividend. The ex-dividend date was Tuesday, September 13th. This is an increase from BancorpSouth’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 2.17%. BancorpSouth’s dividend payout ratio (DPR) is currently 42.02%.
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.
Receive News & Ratings for BancorpSouth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancorpSouth Inc. and related companies with MarketBeat.com's FREE daily email newsletter.