Equities research analysts forecast that Bancorpsouth Bank (NYSE:BXS) will post $0.31 earnings per share for the current quarter, Zacks reports. Five analysts have provided estimates for Bancorpsouth Bank’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.22. Bancorpsouth Bank reported earnings per share of $0.61 in the same quarter last year, which would suggest a negative year over year growth rate of 49.2%. The firm is scheduled to issue its next earnings report after the market closes on Monday, July 20th.
On average, analysts expect that Bancorpsouth Bank will report full year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $0.95 to $1.55. For the next year, analysts forecast that the firm will report earnings of $1.64 per share, with EPS estimates ranging from $1.47 to $1.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Bancorpsouth Bank.
Bancorpsouth Bank (NYSE:BXS) last issued its quarterly earnings data on Monday, April 20th. The bank reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.12). The company had revenue of $244.03 million for the quarter, compared to the consensus estimate of $243.90 million. Bancorpsouth Bank had a return on equity of 9.47% and a net margin of 19.00%. During the same period in the prior year, the firm posted $0.56 earnings per share.
Several research firms have recently issued reports on BXS. Royal Bank of Canada reaffirmed a “hold” rating and issued a $22.00 target price on shares of Bancorpsouth Bank in a report on Monday, April 13th. SunTrust Banks upped their price objective on Bancorpsouth Bank from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Janney Montgomery Scott downgraded Bancorpsouth Bank from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research note on Monday, June 8th. They noted that the move was a valuation call. Wedbush downgraded Bancorpsouth Bank from an “outperform” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, ValuEngine upgraded Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Thursday, June 4th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.00.
BXS stock opened at $21.25 on Tuesday. The firm has a market cap of $2.14 billion, a PE ratio of 10.63 and a beta of 1.46. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average of $22.34 and a 200-day moving average of $24.14. Bancorpsouth Bank has a 12-month low of $17.21 and a 12-month high of $32.97.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.185 per share. The ex-dividend date was Friday, June 12th. This represents a $0.74 annualized dividend and a dividend yield of 3.48%. Bancorpsouth Bank’s dividend payout ratio is currently 29.48%.
Several large investors have recently bought and sold shares of the business. Silvercrest Asset Management Group LLC lifted its position in shares of Bancorpsouth Bank by 1.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 5,530,498 shares of the bank’s stock worth $104,638,000 after acquiring an additional 80,064 shares in the last quarter. State Street Corp lifted its position in shares of Bancorpsouth Bank by 0.3% during the first quarter. State Street Corp now owns 3,635,661 shares of the bank’s stock worth $69,453,000 after acquiring an additional 9,881 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Bancorpsouth Bank by 0.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,631,147 shares of the bank’s stock worth $82,645,000 after acquiring an additional 13,669 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Bancorpsouth Bank by 3.2% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,686,072 shares of the bank’s stock worth $31,900,000 after acquiring an additional 51,557 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Bancorpsouth Bank by 7.5% during the first quarter. Geode Capital Management LLC now owns 1,376,484 shares of the bank’s stock worth $26,043,000 after acquiring an additional 96,162 shares in the last quarter. Hedge funds and other institutional investors own 62.10% of the company’s stock.
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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