Bancorpsouth Bank (NYSE:BXS) – Jefferies Financial Group increased their Q4 2018 earnings per share (EPS) estimates for Bancorpsouth Bank in a report released on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now anticipates that the bank will post earnings of $0.52 per share for the quarter, up from their previous forecast of $0.51. Jefferies Financial Group also issued estimates for Bancorpsouth Bank’s Q1 2019 earnings at $0.51 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.59 EPS, FY2019 earnings at $2.30 EPS and FY2020 earnings at $2.45 EPS.
Several other brokerages have also recently weighed in on BXS. Zacks Investment Research cut shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a research report on Sunday, September 30th. Stephens reaffirmed a “buy” rating and issued a $37.00 target price on shares of Bancorpsouth Bank in a research report on Thursday, October 18th. Finally, ValuEngine raised shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.50.
Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings results on Wednesday, October 17th. The bank reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The business had revenue of $213.75 million during the quarter, compared to analysts’ expectations of $216.90 million. Bancorpsouth Bank had a net margin of 23.71% and a return on equity of 10.16%. During the same quarter in the prior year, the company posted $0.43 EPS.
Large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new stake in Bancorpsouth Bank during the 3rd quarter valued at about $100,000. Strs Ohio increased its stake in Bancorpsouth Bank by 56.9% during the 2nd quarter. Strs Ohio now owns 9,100 shares of the bank’s stock valued at $299,000 after purchasing an additional 3,300 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Bancorpsouth Bank by 323.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,854 shares of the bank’s stock valued at $355,000 after purchasing an additional 8,290 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Bancorpsouth Bank during the 3rd quarter valued at about $367,000. Finally, GSA Capital Partners LLP increased its stake in Bancorpsouth Bank by 61.4% during the 3rd quarter. GSA Capital Partners LLP now owns 12,017 shares of the bank’s stock valued at $393,000 after purchasing an additional 4,572 shares in the last quarter. Institutional investors and hedge funds own 73.97% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 2.47%. Bancorpsouth Bank’s dividend payout ratio is currently 40.72%.
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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