Wall Street brokerages expect Bancorpsouth Bank (NYSE:BXS) to announce earnings per share of $0.61 for the current quarter, according to Zacks. Five analysts have made estimates for Bancorpsouth Bank’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.59. Bancorpsouth Bank reported earnings per share of $0.57 during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The business is expected to issue its next quarterly earnings results on Wednesday, January 22nd.
On average, analysts expect that Bancorpsouth Bank will report full-year earnings of $2.29 per share for the current financial year, with EPS estimates ranging from $2.26 to $2.33. For the next year, analysts expect that the business will report earnings of $2.41 per share, with EPS estimates ranging from $2.35 to $2.53. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Bancorpsouth Bank.
Bancorpsouth Bank (NYSE:BXS) last announced its earnings results on Monday, October 21st. The bank reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $242.03 million during the quarter, compared to analyst estimates of $238.70 million. Bancorpsouth Bank had a net margin of 21.23% and a return on equity of 10.51%. During the same period in the prior year, the business earned $0.56 EPS.
BXS has been the subject of several recent research reports. ValuEngine raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks raised Bancorpsouth Bank from a “hold” rating to a “buy” rating and lifted their target price for the company from $32.00 to $33.00 in a research report on Wednesday, September 25th. DA Davidson started coverage on Bancorpsouth Bank in a research note on Tuesday, August 20th. They issued a “neutral” rating and a $30.50 target price on the stock. Finally, Piper Jaffray Companies assumed coverage on Bancorpsouth Bank in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $32.50 target price on the stock. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Bancorpsouth Bank presently has an average rating of “Hold” and a consensus price target of $32.33.
Several hedge funds have recently modified their holdings of BXS. Point72 Asset Management L.P. acquired a new stake in shares of Bancorpsouth Bank during the third quarter worth $77,000. Tower Research Capital LLC TRC lifted its holdings in shares of Bancorpsouth Bank by 160.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the bank’s stock worth $80,000 after purchasing an additional 1,670 shares in the last quarter. Bessemer Group Inc. bought a new stake in Bancorpsouth Bank during the 2nd quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Bancorpsouth Bank by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,937 shares of the bank’s stock valued at $172,000 after purchasing an additional 793 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in Bancorpsouth Bank by 74.3% during the second quarter. Meeder Asset Management Inc. now owns 6,239 shares of the bank’s stock worth $181,000 after buying an additional 2,659 shares during the last quarter. 62.14% of the stock is owned by institutional investors.
Shares of BXS traded up $0.57 during midday trading on Friday, hitting $31.28. The stock had a trading volume of 9,590 shares, compared to its average volume of 358,560. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 14.04 and a beta of 1.44. The company has a 50 day simple moving average of $30.84 and a two-hundred day simple moving average of $29.07. Bancorpsouth Bank has a twelve month low of $24.31 and a twelve month high of $33.45.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.74 annualized dividend and a dividend yield of 2.37%. Bancorpsouth Bank’s dividend payout ratio is 33.18%.
About Bancorpsouth Bank
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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