Equities analysts expect Bancorpsouth Bank (NYSE:BXS) to report $216.92 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Bancorpsouth Bank’s earnings, with the highest sales estimate coming in at $219.20 million and the lowest estimate coming in at $213.40 million. Bancorpsouth Bank posted sales of $186.52 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, October 17th.
According to Zacks, analysts expect that Bancorpsouth Bank will report full-year sales of $870.72 million for the current year, with estimates ranging from $856.20 million to $882.20 million. For the next year, analysts forecast that the business will post sales of $942.30 million per share, with estimates ranging from $917.30 million to $957.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Bancorpsouth Bank.
Bancorpsouth Bank (NYSE:BXS) last posted its earnings results on Wednesday, July 18th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $214.58 million for the quarter, compared to analysts’ expectations of $214.20 million. Bancorpsouth Bank had a net margin of 21.59% and a return on equity of 9.90%. During the same quarter in the previous year, the firm posted $0.42 earnings per share.
BXS has been the topic of a number of research reports. ValuEngine raised shares of Bancorpsouth Bank from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. Zacks Investment Research cut shares of Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research note on Monday, May 28th. Brean Capital reaffirmed a “hold” rating on shares of Bancorpsouth Bank in a research note on Monday, July 30th. Finally, Stephens reaffirmed a “buy” rating and set a $37.00 target price on shares of Bancorpsouth Bank in a research note on Monday, August 27th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Bancorpsouth Bank has an average rating of “Hold” and an average price target of $35.57.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Bancorpsouth Bank by 9.8% in the second quarter. BlackRock Inc. now owns 10,322,893 shares of the bank’s stock worth $340,139,000 after purchasing an additional 920,056 shares during the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of Bancorpsouth Bank by 0.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 5,239,383 shares of the bank’s stock worth $166,612,000 after purchasing an additional 14,391 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Bancorpsouth Bank by 0.7% in the first quarter. Victory Capital Management Inc. now owns 1,209,208 shares of the bank’s stock worth $38,453,000 after purchasing an additional 7,919 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Bancorpsouth Bank by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 1,186,363 shares of the bank’s stock worth $39,090,000 after purchasing an additional 17,027 shares during the last quarter. Finally, Federated Investors Inc. PA grew its stake in shares of Bancorpsouth Bank by 529.4% in the second quarter. Federated Investors Inc. PA now owns 561,159 shares of the bank’s stock worth $18,490,000 after purchasing an additional 472,001 shares during the last quarter. 73.74% of the stock is currently owned by institutional investors.
NYSE BXS opened at $34.65 on Friday. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 20.75 and a beta of 1.40. Bancorpsouth Bank has a fifty-two week low of $27.50 and a fifty-two week high of $35.55. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be paid a $0.17 dividend. This is a boost from Bancorpsouth Bank’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.96%. Bancorpsouth Bank’s payout ratio is currently 33.53%.
Bancorpsouth Bank Company Profile
BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. The company also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.
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