BancorpSouth, Inc. (BXS) Forecasted to Earn Q1 2018 Earnings of $0.46 Per Share
BancorpSouth, Inc. (NYSE:BXS) – Equities research analysts at FIG Partners issued their Q1 2018 earnings per share estimates for shares of BancorpSouth in a report released on Thursday. FIG Partners analyst J. Rodis forecasts that the bank will earn $0.46 per share for the quarter. FIG Partners also issued estimates for BancorpSouth’s Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.49 EPS and Q4 2018 earnings at $0.49 EPS.
BXS has been the subject of several other reports. Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 target price on shares of BancorpSouth in a research note on Friday, August 11th. ValuEngine upgraded BancorpSouth from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a research note on Thursday, July 20th. Finally, Stephens set a $35.00 price target on BancorpSouth and gave the stock a “buy” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $33.00.
Shares of BancorpSouth (NYSE BXS) opened at 32.35 on Monday. BancorpSouth has a 52 week low of $22.70 and a 52 week high of $32.70. The firm has a market capitalization of $2.94 billion, a P/E ratio of 19.92 and a beta of 1.43. The firm has a 50 day moving average price of $30.85 and a 200-day moving average price of $30.16.
BancorpSouth (NYSE:BXS) last issued its earnings results on Thursday, October 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. BancorpSouth had a return on equity of 8.98% and a net margin of 19.59%. The business had revenue of $186.52 million during the quarter, compared to the consensus estimate of $191.32 million. During the same period last year, the company earned $0.40 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis.
Large investors have recently made changes to their positions in the business. Riverhead Capital Management LLC boosted its position in shares of BancorpSouth by 92.5% in the second 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of BancorpSouth by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock worth $117,000 after buying an additional 316 shares during the period. Sei Investments Co. boosted its position in shares of BancorpSouth by 124.2% in the first 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. Oakbrook Investments LLC purchased a new stake in shares of BancorpSouth in the third quarter worth about $202,000. Finally, LS Investment Advisors LLC boosted its position 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 worth $202,000 after buying an additional 901 shares during the period. Institutional investors own 65.24% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, September 14th. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.73%. BancorpSouth’s dividend payout ratio is currently 33.94%.
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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