Q3 2017 EPS Estimates for BancorpSouth, Inc. Cut by Analyst (BXS)
BancorpSouth, Inc. (NYSE:BXS) – Research analysts at Jefferies Group decreased their Q3 2017 earnings per share (EPS) estimates for BancorpSouth in a note issued to investors on Monday. Jefferies Group analyst C. Haire now expects that the bank will earn $0.43 per share for the quarter, down from their prior estimate of $0.44. Jefferies Group currently has a “Hold” rating and a $33.00 price target on the stock. Jefferies Group also issued estimates for BancorpSouth’s FY2017 earnings at $1.66 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.49 EPS and Q4 2018 earnings at $0.47 EPS.
BancorpSouth (NYSE:BXS) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. The firm had revenue of $185.61 million for the quarter, compared to the consensus estimate of $187.78 million. During the same period last year, the firm earned $0.39 earnings per share. TRADEMARK VIOLATION NOTICE: “Q3 2017 EPS Estimates for BancorpSouth, Inc. Cut by Analyst (BXS)” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/11/q3-2017-eps-estimates-for-bancorpsouth-inc-cut-by-analyst-bxs.html.
Several other equities research analysts also recently weighed in on BXS. BidaskClub raised shares of BancorpSouth from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. ValuEngine raised shares of BancorpSouth from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth in a research note on Thursday, July 20th. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, July 21st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $31.00 target price on shares of BancorpSouth in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $32.67.
BancorpSouth (BXS) opened at 32.50 on Wednesday. The company has a market capitalization of $2.96 billion, a P/E ratio of 20.01 and a beta of 1.43. BancorpSouth has a 1-year low of $22.23 and a 1-year high of $32.70. The stock’s 50 day moving average is $30.24 and its 200-day moving average is $30.06.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were paid a dividend of $0.14 per share. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, September 14th. BancorpSouth’s dividend payout ratio is presently 34.57%.
A number of institutional investors and hedge funds have recently made changes to their positions in BXS. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BancorpSouth by 61.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock worth $107,000 after buying an additional 1,341 shares during the period. Riverhead Capital Management LLC increased its stake in BancorpSouth by 92.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock worth $112,000 after buying an additional 1,757 shares during the period. Sei Investments Co. increased its stake in BancorpSouth by 124.2% during the 1st quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock worth $136,000 after buying an additional 2,498 shares during the period. US Bancorp DE increased its stake in BancorpSouth by 16.0% during the 1st quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock worth $155,000 after buying an additional 711 shares during the period. Finally, LS Investment Advisors LLC increased its stake in BancorpSouth by 15.8% during the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock worth $202,000 after buying an additional 901 shares during the period. 65.24% 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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