BancorpSouth, Inc. (NYSE:BXS) – Equities researchers at FIG Partners upped their Q3 2017 earnings estimates for BancorpSouth in a research report issued on Friday. FIG Partners analyst J. Rodis now expects that the bank will post earnings per share of $0.44 for the quarter, up from their prior estimate of $0.43. FIG Partners also issued estimates for BancorpSouth’s Q4 2017 earnings at $0.43 EPS, FY2017 earnings at $1.68 EPS and FY2018 earnings at $1.92 EPS.
BancorpSouth (NYSE:BXS) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The firm had revenue of $185.61 million for the quarter, compared to analyst estimates of $187.78 million. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. During the same quarter in the prior year, the business earned $0.39 earnings per share.
Several other brokerages have also recently issued reports on BXS. Piper Jaffray Companies reissued a “hold” rating and issued a $31.00 price objective on shares of BancorpSouth in a research note on Friday. Jefferies Group LLC reissued a “hold” rating and issued a $33.00 price objective on shares of BancorpSouth in a research note on Friday, May 5th. Stephens reissued a “buy” rating on shares of BancorpSouth in a research note on Wednesday, April 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 price objective on shares of BancorpSouth in a research note on Monday, June 5th. Finally, BidaskClub raised shares of BancorpSouth from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.00.
Shares of BancorpSouth (NYSE:BXS) opened at 30.80 on Monday. The stock has a 50 day moving average of $30.21 and a 200-day moving average of $30.35. BancorpSouth has a 1-year low of $22.23 and a 1-year high of $32.40. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 18.97 and a beta of 1.40.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were paid a $0.125 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.50 annualized dividend and a yield of 1.62%. BancorpSouth’s dividend payout ratio is currently 30.86%.
In related news, Director James Elbert Campbell III purchased 7,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were acquired at an average cost of $28.93 per share, with a total value of $202,510.00. Following the purchase, the director now directly owns 133,392 shares in the company, valued at approximately $3,859,030.56. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.63% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock worth $107,000 after buying an additional 1,341 shares during the period. Sei Investments Co. raised its stake in BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after buying an additional 2,498 shares in the last quarter. US Bancorp DE raised its stake in BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock valued at $155,000 after buying an additional 711 shares in the last quarter. LS Investment Advisors LLC raised its stake in BancorpSouth by 15.8% in the second quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after buying an additional 901 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in BancorpSouth during the first quarter valued at approximately $215,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.
BancorpSouth Company Profile
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.
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