BancorpSouth Bank (NYSE:BXS) – Investment analysts at SunTrust Banks upped their Q1 2018 EPS estimates for BancorpSouth Bank in a research report issued to clients and investors on Monday. SunTrust Banks analyst J. Demba now forecasts that the bank will earn $0.54 per share for the quarter, up from their previous forecast of $0.46. SunTrust Banks currently has a “Hold” rating and a $34.00 price objective on the stock. SunTrust Banks also issued estimates for BancorpSouth Bank’s Q2 2018 earnings at $0.59 EPS and Q4 2018 earnings at $0.59 EPS.
Other equities research analysts have also recently issued research reports about the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $35.00 price objective on shares of BancorpSouth Bank in a report on Tuesday. Brean Capital reiterated a “hold” rating on shares of BancorpSouth Bank in a report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 price objective on shares of BancorpSouth Bank in a report on Thursday, October 12th. Hovde Group increased their price objective on BancorpSouth Bank from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Finally, ValuEngine upgraded BancorpSouth Bank from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.63.
BancorpSouth Bank (NYSE:BXS) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. BancorpSouth Bank had a return on equity of 8.97% and a net margin of 19.59%. The business had revenue of $186.52 million for the quarter, compared to analyst estimates of $191.32 million. During the same period last year, the company earned $0.40 EPS. BancorpSouth Bank’s revenue for the quarter was up .5% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, December 14th. BancorpSouth Bank’s payout ratio is 34.36%.
A number of large investors have recently made changes to their positions in BXS. Cramer Rosenthal Mcglynn LLC raised its stake in BancorpSouth Bank by 113.9% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,533,650 shares of the bank’s stock valued at $49,153,000 after buying an additional 816,760 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of BancorpSouth Bank by 50.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,181,986 shares of the bank’s stock worth $37,883,000 after purchasing an additional 397,740 shares in the last quarter. State Street Corp increased its holdings in shares of BancorpSouth Bank by 6.8% in the 2nd quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock worth $149,028,000 after purchasing an additional 310,447 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of BancorpSouth Bank in the 2nd quarter worth $6,063,000. Finally, Northern Trust Corp increased its holdings in shares of BancorpSouth Bank by 8.2% in the 2nd quarter. Northern Trust Corp now owns 2,583,338 shares of the bank’s stock worth $78,792,000 after purchasing an additional 196,469 shares in the last quarter. Institutional investors and hedge funds own 66.44% of the company’s stock.
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BancorpSouth Bank Company Profile
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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