FIG Partners Weighs in on BancorpSouth Bank’s Q2 2018 Earnings (BXS)

BancorpSouth Bank (NYSE:BXS) – Research analysts at FIG Partners increased their Q2 2018 EPS estimates for BancorpSouth Bank in a note issued to investors on Thursday. FIG Partners analyst J. Rodis now anticipates that the bank will earn $0.55 per share for the quarter, up from their prior forecast of $0.54. FIG Partners also issued estimates for BancorpSouth Bank’s Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.19 EPS and FY2019 earnings at $2.40 EPS.

BancorpSouth Bank (NYSE:BXS) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $184.46 million during the quarter, compared to analysts’ expectations of $187.12 million. BancorpSouth Bank had a return on equity of 9.01% and a net margin of 19.59%. During the same period in the prior year, the firm earned $0.40 earnings per share.

Several other brokerages have also recently commented on BXS. Brean Capital reissued a “hold” rating on shares of BancorpSouth Bank in a research report on Thursday. Stephens reissued a “buy” rating and set a $39.00 price target on shares of BancorpSouth Bank in a research report on Friday. SunTrust Banks reissued a “hold” rating and set a $34.00 price target on shares of BancorpSouth Bank in a research report on Wednesday, November 29th. Zacks Investment Research cut BancorpSouth Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $35.00 price target on shares of BancorpSouth Bank in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. BancorpSouth Bank currently has an average rating of “Hold” and a consensus price target of $34.13.

BancorpSouth Bank (NYSE:BXS) opened at $34.70 on Monday. BancorpSouth Bank has a 52-week low of $27.20 and a 52-week high of $35.55. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3,110.00, a P/E ratio of 21.29 and a beta of 1.41.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of BancorpSouth Bank by 6.8% in the second quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock valued at $149,028,000 after buying an additional 310,447 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BancorpSouth Bank by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,104,460 shares of the bank’s stock valued at $131,549,000 after buying an additional 28,854 shares during the last quarter. Northern Trust Corp lifted its position in shares of BancorpSouth Bank by 8.2% in the second quarter. Northern Trust Corp now owns 2,583,338 shares of the bank’s stock valued at $78,792,000 after buying an additional 196,469 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of BancorpSouth Bank by 0.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,662,759 shares of the bank’s stock valued at $50,714,000 after buying an additional 6,558 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its position in shares of BancorpSouth Bank by 113.9% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,533,650 shares of the bank’s stock valued at $49,153,000 after buying an additional 816,760 shares during the last quarter. 66.51% of the stock is owned by institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.56 annualized dividend and a yield of 1.61%. BancorpSouth Bank’s dividend payout ratio (DPR) is presently 34.36%.

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About BancorpSouth Bank

BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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.

Earnings History and Estimates for BancorpSouth Bank (NYSE:BXS)

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