Bancorpsouth Bank (NYSE:BXS) – Research analysts at Jefferies Financial Group upped their Q4 2018 earnings per share (EPS) estimates for shares of Bancorpsouth Bank in a research note issued on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will earn $0.52 per share for the quarter, up from their prior forecast of $0.51. Jefferies Financial Group also issued estimates for Bancorpsouth Bank’s Q1 2019 earnings at $0.51 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.59 EPS, FY2019 earnings at $2.30 EPS and FY2020 earnings at $2.45 EPS.
Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings data on Wednesday, October 17th. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $213.75 million for the quarter, compared to analysts’ expectations of $216.90 million. Bancorpsouth Bank had a net margin of 23.71% and a return on equity of 10.16%. During the same quarter last year, the business posted $0.43 earnings per share.
Several other equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Thursday. Stephens reiterated a “buy” rating and set a $35.00 price objective on shares of Bancorpsouth Bank in a research report on Thursday, December 6th. Brean Capital reiterated a “hold” rating on shares of Bancorpsouth Bank in a research report on Wednesday, November 14th. Zacks Investment Research upgraded shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, SunTrust Banks reduced their price objective on shares of Bancorpsouth Bank to $31.00 and set a “hold” rating on the stock in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.50.
Bancorpsouth Bank stock opened at $27.52 on Friday. The company has a market cap of $2.49 billion, a PE ratio of 16.48 and a beta of 1.42. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. Bancorpsouth Bank has a 1 year low of $24.31 and a 1 year high of $35.55.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Friday, December 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, December 13th. Bancorpsouth Bank’s dividend payout ratio (DPR) is presently 40.72%.
Several hedge funds have recently bought and sold shares of BXS. Point72 Hong Kong Ltd purchased a new position in shares of Bancorpsouth Bank in the third quarter valued at $100,000. Strs Ohio grew its holdings in shares of Bancorpsouth Bank by 56.9% in the second quarter. Strs Ohio now owns 9,100 shares of the bank’s stock valued at $299,000 after purchasing an additional 3,300 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Bancorpsouth Bank by 323.3% during the third quarter. Tower Research Capital LLC TRC now owns 10,854 shares of the bank’s stock worth $355,000 after buying an additional 8,290 shares during the period. Sowell Financial Services LLC purchased a new position in Bancorpsouth Bank during the third quarter worth $367,000. Finally, GSA Capital Partners LLP boosted its stake in Bancorpsouth Bank by 61.4% during the third quarter. GSA Capital Partners LLP now owns 12,017 shares of the bank’s stock worth $393,000 after buying an additional 4,572 shares during the period. 73.97% of the stock is owned by hedge funds and other institutional investors.
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.
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