$0.41 Earnings Per Share Expected for BancorpSouth Bank (BXS) This Quarter

Equities analysts expect that BancorpSouth Bank (NYSE:BXS) will post $0.41 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for BancorpSouth Bank’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.41. BancorpSouth Bank posted earnings per share of $0.40 in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The company is expected to issue its next quarterly earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that BancorpSouth Bank will report full-year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.66. For the next fiscal year, analysts anticipate that the business will post earnings of $1.92 per share, with EPS estimates ranging from $1.83 to $1.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow BancorpSouth Bank.

BancorpSouth Bank (NYSE:BXS) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. BancorpSouth Bank had a net margin of 19.59% and a return on equity of 8.97%. The business had revenue of $186.52 million during the quarter, compared to analysts’ expectations of $191.32 million. During the same period in the previous year, the company earned $0.40 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of BancorpSouth Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. SunTrust Banks restated a “hold” rating and issued a $34.00 price objective on shares of BancorpSouth Bank in a research note on Wednesday, November 29th. Brean Capital restated a “hold” rating on shares of BancorpSouth Bank in a research note on Tuesday, December 5th. Royal Bank of Canada restated a “hold” rating and issued a $31.00 price objective on shares of BancorpSouth Bank in a research note on Friday, September 8th. Finally, Hovde Group lifted their price objective on shares of BancorpSouth Bank from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $33.13.

A number of hedge funds have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its holdings in shares of BancorpSouth Bank by 92.5% in the second quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock valued at $112,000 after purchasing an additional 1,757 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BancorpSouth Bank by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock valued at $117,000 after purchasing an additional 316 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of BancorpSouth Bank by 34.4% in the second quarter. Sei Investments Co. now owns 6,063 shares of the bank’s stock valued at $186,000 after purchasing an additional 1,553 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in shares of BancorpSouth Bank in the third quarter valued at about $202,000. Finally, Grandfield & Dodd LLC purchased a new stake in shares of BancorpSouth Bank in the third quarter valued at about $203,000. 66.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BancorpSouth Bank (NYSE BXS) traded down $0.30 on Friday, reaching $32.75. 256,460 shares of the company were exchanged, compared to its average volume of 554,254. BancorpSouth Bank has a 52-week low of $27.20 and a 52-week high of $34.45. The stock has a market capitalization of $2,980.00, a PE ratio of 20.09 and a beta of 1.40. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, December 14th. BancorpSouth Bank’s dividend payout ratio is currently 34.36%.

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About BancorpSouth Bank

BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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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Earnings History and Estimates for BancorpSouth Bank (NYSE:BXS)

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