Bancorpsouth Bank (NYSE:BXS) Expected to Announce Quarterly Sales of $241.60 Million

Wall Street analysts expect Bancorpsouth Bank (NYSE:BXS) to report $241.60 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Bancorpsouth Bank’s earnings, with estimates ranging from $238.60 million to $242.70 million. Bancorpsouth Bank posted sales of $211.91 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14%. The firm is scheduled to report its next quarterly earnings results on Wednesday, January 22nd.

On average, analysts expect that Bancorpsouth Bank will report full-year sales of $931.29 million for the current fiscal year, with estimates ranging from $921.00 million to $945.40 million. For the next year, analysts expect that the company will report sales of $992.92 million, with estimates ranging from $983.30 million to $1.00 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Bancorpsouth Bank.

Bancorpsouth Bank (NYSE:BXS) last issued its earnings results on Monday, October 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Bancorpsouth Bank had a net margin of 21.23% and a return on equity of 10.51%. The business had revenue of $242.03 million during the quarter, compared to analysts’ expectations of $238.70 million. During the same period in the previous year, the company earned $0.56 earnings per share.

BXS has been the topic of several analyst reports. DA Davidson started coverage on Bancorpsouth Bank in a research report on Tuesday, August 20th. They issued a “neutral” rating and a $30.50 price objective on the stock. ValuEngine raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a report on Tuesday. SunTrust Banks upgraded Bancorpsouth Bank from a “hold” rating to a “buy” rating and boosted their price target for the stock from $32.00 to $33.00 in a research note on Wednesday, September 25th. Finally, Piper Jaffray Companies initiated coverage on Bancorpsouth Bank in a report on Wednesday, September 18th. They set a “neutral” rating and a $32.50 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.33.

A number of institutional investors have recently modified their holdings of BXS. Municipal Employees Retirement System of Michigan raised its holdings in Bancorpsouth Bank by 1.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 17,090 shares of the bank’s stock valued at $506,000 after acquiring an additional 320 shares in the last quarter. LPL Financial LLC raised its stake in Bancorpsouth Bank by 1.5% in the 2nd quarter. LPL Financial LLC now owns 26,652 shares of the bank’s stock valued at $774,000 after acquiring an additional 404 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its holdings in Bancorpsouth Bank by 1.8% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 26,697 shares of the bank’s stock valued at $790,000 after purchasing an additional 468 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Bancorpsouth Bank by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 36,812 shares of the bank’s stock valued at $1,069,000 after purchasing an additional 519 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Bancorpsouth Bank by 8.7% in the third quarter. Strs Ohio now owns 7,500 shares of the bank’s stock worth $222,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 62.14% of the company’s stock.

Shares of BXS traded up $0.57 on Friday, hitting $31.28. 9,590 shares of the stock traded hands, compared to its average volume of 358,560. Bancorpsouth Bank has a one year low of $24.31 and a one year high of $33.45. The company has a market capitalization of $3.26 billion, a PE ratio of 14.04 and a beta of 1.44. The business has a 50 day simple moving average of $30.84 and a 200 day simple moving average of $29.07.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.37%. Bancorpsouth Bank’s dividend payout ratio is presently 33.18%.

Bancorpsouth Bank Company Profile

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.

Further Reading: Percentage Decliners

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Earnings History and Estimates for Bancorpsouth Bank (NYSE:BXS)

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