Q3 2017 EPS Estimates for BancorpSouth, Inc. Lifted by Jefferies Group (BXS)
BancorpSouth, Inc. (NYSE:BXS) – Stock analysts at Jefferies Group boosted their Q3 2017 EPS estimates for shares of BancorpSouth in a note issued to investors on Tuesday. Jefferies Group analyst C. Haire now expects that the bank will earn $0.44 per share for the quarter, up from their prior forecast of $0.43. Jefferies Group currently has a “Hold” rating and a $33.00 target price on the stock. Jefferies Group also issued estimates for BancorpSouth’s Q4 2017 earnings at $0.45 EPS and FY2017 earnings at $1.70 EPS.
BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $185.61 million during the quarter, compared to analyst estimates of $187.78 million. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. During the same period in the prior year, the firm posted $0.39 earnings per share. WARNING: “Q3 2017 EPS Estimates for BancorpSouth, Inc. Lifted by Jefferies Group (BXS)” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.americanbankingnews.com/2017/07/26/q3-2017-eps-estimates-for-bancorpsouth-inc-lifted-by-jefferies-group-bxs.html.
Several other research firms have also recently commented on BXS. Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Friday, July 21st. BidaskClub upgraded BancorpSouth from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Piper Jaffray Companies restated a “hold” rating and set a $31.00 price target on shares of BancorpSouth in a research note on Friday, July 21st. ValuEngine upgraded BancorpSouth from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Brean Capital restated a “hold” rating on shares of BancorpSouth in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.00.
Shares of BancorpSouth (BXS) opened at 31.25 on Wednesday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 19.24 and a beta of 1.40. BancorpSouth has a 52-week low of $22.23 and a 52-week high of $32.40. The firm’s 50 day moving average is $30.21 and its 200 day moving average is $30.35.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Citizens Bank & Trust Co. acquired a new position in shares of BancorpSouth during the first quarter worth $288,000. Norges Bank acquired a new position in shares of BancorpSouth during the fourth quarter worth $21,010,000. Piedmont Investment Advisors LLC acquired a new position in shares of BancorpSouth during the first quarter worth $625,000. Citadel Advisors LLC acquired a new position in shares of BancorpSouth during the first quarter worth $28,685,000. Finally, Great Lakes Advisors LLC raised its position in shares of BancorpSouth by 20.0% in the first quarter. Great Lakes Advisors LLC now owns 49,242 shares of the bank’s stock worth $1,490,000 after buying an additional 8,197 shares in the last quarter. 66.68% of the stock is currently owned by hedge funds and other institutional investors.
In other BancorpSouth news, Director James Elbert Campbell III acquired 7,000 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 133,392 shares of the company’s stock, valued at approximately $3,859,030.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.63% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors 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 yield of 1.60%. The ex-dividend date was Tuesday, June 13th. BancorpSouth’s dividend 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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