BancorpSouth Bank (BXS) Expected to Announce Quarterly Sales of $211.35 Million

Equities analysts expect that BancorpSouth Bank (NYSE:BXS) will announce sales of $211.35 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for BancorpSouth Bank’s earnings, with the highest sales estimate coming in at $216.60 million and the lowest estimate coming in at $207.00 million. BancorpSouth Bank posted sales of $185.48 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, April 18th.

On average, analysts expect that BancorpSouth Bank will report full year sales of $211.35 million for the current financial year, with estimates ranging from $860.70 million to $881.30 million. For the next fiscal year, analysts expect that the firm will report sales of $908.78 million per share, with estimates ranging from $901.40 million to $924.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover BancorpSouth Bank.

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

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of BancorpSouth Bank from a “buy” rating to a “hold” rating in a research note on Tuesday. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth Bank in a research note on Monday, February 5th. SunTrust Banks reaffirmed a “hold” rating and issued a $34.00 target price on shares of BancorpSouth Bank in a research note on Wednesday, November 29th. Hovde Group boosted their target price on shares of BancorpSouth Bank from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $35.00 target price on shares of BancorpSouth Bank in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $34.13.

BancorpSouth Bank (NYSE:BXS) opened at $32.70 on Thursday. BancorpSouth Bank has a 12 month low of $27.20 and a 12 month high of $35.55. The firm has a market cap of $2,890.55, a PE ratio of 19.28 and a beta of 1.46. 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 also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio (DPR) is 33.74%.

Several institutional investors and hedge funds have recently bought and sold shares of BXS. Cramer Rosenthal Mcglynn LLC raised its stake in shares of BancorpSouth Bank by 113.9% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,533,650 shares of the bank’s stock worth $49,153,000 after buying an additional 816,760 shares during the last quarter. BancorpSouth Bank bought a new stake in shares of BancorpSouth Bank during the fourth quarter worth approximately $20,913,000. Victory Capital Management Inc. raised its stake in shares of BancorpSouth Bank by 50.7% during the third quarter. Victory Capital Management Inc. now owns 1,181,986 shares of the bank’s stock worth $37,883,000 after buying an additional 397,740 shares during the last quarter. State Street Corp raised its stake in shares of 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 buying an additional 310,447 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of BancorpSouth Bank by 3.1% during the fourth quarter. BlackRock Inc. now owns 9,251,355 shares of the bank’s stock worth $290,955,000 after buying an additional 277,464 shares during the last quarter. 66.19% of the stock is owned by institutional investors and hedge funds.

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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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