Zacks: Analysts Anticipate BancorpSouth Bank (BXS) to Post $0.51 Earnings Per Share

Wall Street brokerages expect BancorpSouth Bank (NYSE:BXS) to report earnings per share (EPS) of $0.51 for the current quarter, according to Zacks. Four analysts have made estimates for BancorpSouth Bank’s earnings, with estimates ranging from $0.47 to $0.52. BancorpSouth Bank reported earnings of $0.39 per share during the same quarter last year, which would suggest a positive year over year growth rate of 30.8%. The firm is scheduled to announce its next earnings results on Wednesday, April 18th.

On average, analysts expect that BancorpSouth Bank will report full year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.36. For the next financial year, analysts expect that the firm will report earnings of $2.38 per share, with EPS estimates ranging from $2.35 to $2.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow BancorpSouth Bank.

BancorpSouth Bank (NYSE:BXS) last issued its earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The firm 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 last year, the business earned $0.40 earnings per share.

Several research analysts recently commented on the company. Stephens reaffirmed a “buy” rating and issued a $39.00 target price on shares of BancorpSouth Bank in a research report on Friday, January 26th. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth Bank in a research report on Thursday, January 25th. SunTrust Banks reaffirmed a “hold” rating and issued a $34.00 target price on shares of BancorpSouth Bank in a research report on Wednesday, November 29th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $35.00 target price on shares of BancorpSouth Bank in a research report on Tuesday, January 9th. Finally, Zacks Investment Research cut BancorpSouth Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. BancorpSouth Bank presently has a consensus rating of “Hold” and a consensus price target of $34.13.

A number of institutional investors have recently added to or reduced their stakes in BXS. Wells Fargo & Company MN raised its stake in BancorpSouth Bank by 14.4% during the second quarter. Wells Fargo & Company MN now owns 88,241 shares of the bank’s stock worth $2,692,000 after acquiring an additional 11,114 shares in the last quarter. Ameriprise Financial Inc. raised its stake in BancorpSouth Bank by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 280,483 shares of the bank’s stock worth $8,555,000 after acquiring an additional 3,494 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in BancorpSouth Bank by 2.8% during the second quarter. Parametric Portfolio Associates LLC now owns 113,259 shares of the bank’s stock worth $3,454,000 after acquiring an additional 3,119 shares in the last quarter. Voya Investment Management LLC raised its stake in BancorpSouth Bank by 10.2% during the second quarter. Voya Investment Management LLC now owns 37,649 shares of the bank’s stock worth $1,148,000 after acquiring an additional 3,480 shares in the last quarter. Finally, State Street Corp raised its stake in BancorpSouth Bank by 6.8% during the second quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock worth $149,028,000 after acquiring an additional 310,447 shares in the last quarter. Hedge funds and other institutional investors own 66.19% of the company’s stock.

BancorpSouth Bank (BXS) opened at $32.10 on Tuesday. The company has a market capitalization of $2,860.00, a price-to-earnings ratio of 19.69 and a beta of 1.46. BancorpSouth Bank has a 12-month low of $27.20 and a 12-month high of $35.55. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid 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 1.74%. BancorpSouth Bank’s dividend payout ratio is currently 34.36%.

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BancorpSouth Bank Company Profile

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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