Q3 2017 EPS Estimates for BancorpSouth, Inc. (NYSE:BXS) Lifted by Analyst
BancorpSouth, Inc. (NYSE:BXS) – Research analysts at FIG Partners lifted their Q3 2017 earnings estimates for shares of BancorpSouth in a research note issued to investors on Friday. FIG Partners analyst J. Rodis now expects that the bank will post earnings per share of $0.44 for the quarter, up from their prior forecast of $0.43. FIG Partners also issued estimates for BancorpSouth’s Q4 2017 earnings at $0.43 EPS, FY2017 earnings at $1.68 EPS and FY2018 earnings at $1.92 EPS.
Other analysts have also recently issued research reports about the stock. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 price target on shares of BancorpSouth in a research report on Friday. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target 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 target on shares of BancorpSouth in a research report on Friday, July 14th. Finally, BidaskClub cut shares of BancorpSouth from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.00.
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Shares of BancorpSouth (NYSE:BXS) opened at 30.35 on Monday. The stock has a 50 day moving average of $30.21 and a 200 day moving average of $30.35. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 18.69 and a beta of 1.40. BancorpSouth has a 12-month low of $22.23 and a 12-month high of $32.40.
BancorpSouth (NYSE:BXS) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. The company had revenue of $185.61 million during the quarter, compared to analyst estimates of $187.78 million. During the same quarter last year, the business posted $0.39 EPS.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. BancorpSouth’s dividend payout ratio is presently 30.86%.
In other BancorpSouth news, Director James Elbert Campbell III purchased 7,000 shares of BancorpSouth stock in a transaction dated Thursday, May 18th. The shares were acquired at an average price of $28.93 per share, with a total value of $202,510.00. Following the completion of the transaction, the director now owns 133,392 shares of the company’s stock, valued at $3,859,030.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.63% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock valued at $107,000 after buying an additional 1,341 shares during the period. Sei Investments Co. boosted its stake in shares of BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after buying an additional 2,498 shares during the period. US Bancorp DE boosted its stake in shares of BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock valued at $155,000 after buying an additional 711 shares during the period. LS Investment Advisors LLC boosted its stake in shares of BancorpSouth by 15.8% in the second quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after buying an additional 901 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in shares of BancorpSouth during the first quarter valued at $215,000. 66.68% of the stock is currently owned by hedge funds and other institutional investors.
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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