BancorpSouth Inc. (BXS) Scheduled to Post Quarterly Earnings on Wednesday
BancorpSouth Inc. (NYSE:BXS) is scheduled to post its Q316 quarterly earnings results on Wednesday, October 19th. Analysts expect BancorpSouth to post earnings of $0.40 per share and revenue of $193.14 million for the quarter.
BancorpSouth Inc. (NYSE:BXS) opened at 22.85 on Tuesday. The firm’s 50-day moving average price is $23.72 and its 200-day moving average price is $23.17. BancorpSouth Inc. has a 52 week low of $18.69 and a 52 week high of $27.23. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 19.22 and a beta of 1.20.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.19%. This is an increase from BancorpSouth’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, September 13th. BancorpSouth’s payout ratio is presently 42.02%.
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A number of equities research analysts have weighed in on BXS shares. FBR & Co reaffirmed a “buy” rating on shares of BancorpSouth in a report on Saturday, July 9th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $24.00 target price on shares of BancorpSouth in a research note on Friday, July 22nd. Zacks Investment Research upgraded shares of BancorpSouth from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Keefe, Bruyette & Woods upgraded shares of BancorpSouth from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $24.00 to $25.00 in a research note on Thursday, June 30th. Finally, Raymond James Financial Inc. cut shares of BancorpSouth from a “market perform” rating to an “underperform” rating in a research note on Thursday, October 6th. 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 stock. The stock currently has an average rating of “Hold” and an average price target of $24.71.
In related news, insider James Ronald Hodges sold 4,543 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were 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 owns 26,900 shares in the company, valued at approximately $645,869. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.93% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new stake in shares of BancorpSouth during the second quarter valued at approximately $111,000. Bessemer Group Inc. boosted its stake in shares of BancorpSouth by 119.9% in the second quarter. Bessemer Group Inc. now owns 7,066 shares of the company’s stock valued at $160,000 after buying an additional 3,852 shares during the last quarter. Argent Trust Co acquired a new stake in shares of BancorpSouth during the second quarter valued at approximately $209,000. Profund Advisors LLC boosted its stake in shares of BancorpSouth by 9.2% in the second quarter. Profund Advisors LLC now owns 16,126 shares of the company’s stock valued at $366,000 after buying an additional 1,356 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of BancorpSouth during the second quarter valued at approximately $399,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.
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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