Analysts Anticipate Bancorpsouth Bank (NYSE:BXS) Will Post Earnings of $0.61 Per Share

Equities research analysts expect that Bancorpsouth Bank (NYSE:BXS) will post earnings per share of $0.61 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Bancorpsouth Bank’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.63. Bancorpsouth Bank reported earnings of $0.56 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, October 16th.

On average, analysts expect that Bancorpsouth Bank will report full year earnings of $2.26 per share for the current financial year, with EPS estimates ranging from $2.23 to $2.29. For the next year, analysts anticipate that the firm will report earnings of $2.46 per share, with EPS estimates ranging from $2.40 to $2.51. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Bancorpsouth Bank.

Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $0.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.61. Bancorpsouth Bank had a net margin of 22.39% and a return on equity of 10.30%. The firm had revenue of $226.35 million for the quarter, compared to the consensus estimate of $234.95 million. During the same period in the previous year, the firm posted $0.55 earnings per share.

Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Royal Bank of Canada set a $31.00 target price on shares of Bancorpsouth Bank and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, Stephens reissued a “hold” rating and issued a $33.00 target price on shares of Bancorpsouth Bank in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $32.25.

BXS stock traded down $0.26 during trading hours on Tuesday, hitting $28.03. The company’s stock had a trading volume of 239,222 shares, compared to its average volume of 466,753. The stock has a market cap of $2.80 billion, a P/E ratio of 12.57 and a beta of 1.41. Bancorpsouth Bank has a 12 month low of $24.31 and a 12 month high of $35.40. The stock has a 50 day moving average of $28.73.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 2.64%. This is an increase from Bancorpsouth Bank’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, September 12th. Bancorpsouth Bank’s payout ratio is currently 30.49%.

A number of hedge funds have recently bought and sold shares of BXS. Dimensional Fund Advisors LP boosted its holdings in shares of Bancorpsouth Bank by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,017,562 shares of the bank’s stock worth $105,019,000 after buying an additional 84,102 shares during the period. Bank of America Corp DE boosted its holdings in shares of Bancorpsouth Bank by 167.5% during the 4th quarter. Bank of America Corp DE now owns 436,593 shares of the bank’s stock worth $11,412,000 after buying an additional 273,379 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Bancorpsouth Bank by 202.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 21,796 shares of the bank’s stock worth $570,000 after buying an additional 14,596 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Bancorpsouth Bank during the 4th quarter worth $428,000. Finally, Legal & General Group Plc boosted its holdings in shares of Bancorpsouth Bank by 11.2% during the 4th quarter. Legal & General Group Plc now owns 98,697 shares of the bank’s stock worth $2,580,000 after buying an additional 9,911 shares during the period. 65.09% of the stock is owned by institutional investors.

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

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