FY2017 EPS Estimates for BancorpSouth, Inc. (NYSE:BXS) Raised by Analyst
BancorpSouth, Inc. (NYSE:BXS) – Analysts at FIG Partners boosted their FY2017 EPS estimates for shares of BancorpSouth in a research report issued on Thursday. FIG Partners analyst J. Rodis now forecasts that the bank will earn $1.64 per share for the year, up from their prior estimate of $1.63.
Several other analysts also recently commented on BXS. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Friday. Brean Capital reissued a “hold” rating on shares of BancorpSouth in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and set a $33.00 price objective on shares of BancorpSouth in a research report on Friday, July 14th. BidaskClub raised shares of BancorpSouth from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $32.00 price objective on shares of BancorpSouth in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. BancorpSouth has an average rating of “Hold” and a consensus target price of $29.67.
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BancorpSouth (NYSE BXS) traded down 0.97% on Friday, reaching $30.50. 103,416 shares of the company traded hands. The stock’s 50 day moving average price is $30.21 and its 200 day moving average price is $30.35. The company has a market capitalization of $2.79 billion, a PE ratio of 19.34 and a beta of 1.40. BancorpSouth has a one year low of $22.23 and a one year high of $32.40.
BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. BancorpSouth had a net margin of 19.46% and a return on equity of 8.74%. The business had revenue of $185.61 million for the quarter, compared to analysts’ expectations of $187.78 million. During the same period in the previous year, the company earned $0.39 earnings per share.
Several hedge funds have recently made changes to their positions in BXS. BlackRock Inc. increased its stake in shares of BancorpSouth by 17,271.2% in the first quarter. BlackRock Inc. now owns 9,111,731 shares of the bank’s stock worth $275,630,000 after buying an additional 9,059,278 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of BancorpSouth by 5.0% in the first quarter. Vanguard Group Inc. now owns 6,965,034 shares of the bank’s stock worth $210,692,000 after buying an additional 331,845 shares during the last quarter. State Street Corp increased its stake in shares of BancorpSouth by 3.5% in the first quarter. State Street Corp now owns 4,575,811 shares of the bank’s stock worth $138,422,000 after buying an additional 155,635 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BancorpSouth by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,141,704 shares of the bank’s stock worth $125,288,000 after buying an additional 101,542 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of BancorpSouth by 57.6% in the first quarter. JPMorgan Chase & Co. now owns 1,896,088 shares of the bank’s stock worth $57,356,000 after buying an additional 692,989 shares during the last quarter. 67.57% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director James Elbert Campbell III purchased 7,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average price of $28.93 per share, with a total value of $202,510.00. Following the acquisition, the director now directly owns 133,392 shares in the company, valued at approximately $3,859,030.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.63% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Tuesday, June 13th. BancorpSouth’s payout ratio is presently 30.86%.
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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