Zacks: Brokerages Anticipate BancorpSouth Bank (BXS) Will Post Quarterly Sales of $213.15 Million

Equities research analysts predict that BancorpSouth Bank (NYSE:BXS) will post $213.15 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for BancorpSouth Bank’s earnings, with the lowest sales estimate coming in at $209.10 million and the highest estimate coming in at $218.10 million. BancorpSouth Bank reported sales of $185.48 million in the same quarter last year, which indicates a positive year over year growth rate of 14.9%. The company is scheduled to issue its next quarterly earnings results on Wednesday, April 18th.

On average, analysts expect that BancorpSouth Bank will report full-year sales of $213.15 million for the current year, with estimates ranging from $859.50 million to $889.60 million. For the next financial year, analysts forecast that the business will report sales of $912.40 million per share, with estimates ranging from $902.10 million to $929.40 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for BancorpSouth Bank.

BancorpSouth Bank (NYSE:BXS) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. The firm had revenue of $184.46 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.40 earnings per share.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded BancorpSouth Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine downgraded BancorpSouth Bank from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth Bank in a research note on Tuesday, December 5th. Stephens reiterated a “buy” rating and set a $39.00 target price on shares of BancorpSouth Bank in a research note on Friday. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $35.00 target price on shares of BancorpSouth Bank in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.13.

BancorpSouth Bank (NYSE BXS) opened at $34.70 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.85 and a quick ratio of 0.84. The firm has a market capitalization of $3,134.44, a P/E ratio of 20.90 and a beta of 1.41. BancorpSouth Bank has a one year low of $27.20 and a one year high of $35.55.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.56 annualized dividend and a yield of 1.61%. BancorpSouth Bank’s payout ratio is currently 33.74%.

A number of large investors have recently added to or reduced their stakes in BXS. Riverhead Capital Management LLC lifted its holdings in BancorpSouth Bank 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 purchasing an additional 1,757 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in BancorpSouth Bank during the 3rd quarter worth approximately $202,000. Crossmark Global Holdings Inc. acquired a new stake in BancorpSouth Bank during the 3rd quarter worth approximately $203,000. Grandfield & Dodd LLC acquired a new stake in BancorpSouth Bank during the 3rd quarter worth approximately $203,000. Finally, Shelton Capital Management acquired a new stake in BancorpSouth Bank during the 3rd quarter worth approximately $210,000. 66.51% of the stock is owned by institutional investors and hedge funds.

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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.

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

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