BancorpSouth, Inc. (BXS) Expected to Post Earnings of $0.43 Per Share
Wall Street brokerages expect BancorpSouth, Inc. (NYSE:BXS) to announce earnings per share (EPS) of $0.43 for the current quarter, Zacks reports. Four analysts have provided estimates for BancorpSouth’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.44. BancorpSouth posted earnings of $0.39 per share during the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The firm is expected to announce its next quarterly earnings results on Wednesday, October 18th.
On average, analysts expect that BancorpSouth will report full year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.62 to $1.70. For the next year, analysts forecast that the company will post earnings of $1.93 per share, with EPS estimates ranging from $1.90 to $1.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow BancorpSouth.
BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $185.61 million for the quarter, compared to analyst estimates of $187.78 million. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. During the same period in the previous year, the company posted $0.39 EPS.
BXS has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, August 2nd. ValuEngine upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Stephens set a $35.00 price target on shares of BancorpSouth and gave the stock a “buy” rating in a report on Thursday, July 27th. Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 price target on shares of BancorpSouth in a report on Friday, July 21st. Finally, BidaskClub upgraded shares of BancorpSouth from a “sell” rating to a “hold” rating in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $32.67.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.82%. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 14th. BancorpSouth’s dividend payout ratio is presently 34.57%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in 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 purchasing an additional 1,341 shares during the period. Riverhead Capital Management LLC increased its holdings in BancorpSouth by 92.5% in the second quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock valued at $112,000 after purchasing an additional 1,757 shares during the period. Sei Investments Co. increased its holdings in 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 purchasing an additional 2,498 shares during the period. US Bancorp DE increased its holdings in 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 purchasing an additional 711 shares during the period. Finally, LS Investment Advisors LLC increased its holdings in 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 purchasing an additional 901 shares during the period. Institutional investors and hedge funds own 65.24% 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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