BancorpSouth Bank (BXS) to Post FY2018 Earnings of $2.21 Per Share, Jefferies Group Forecasts

BancorpSouth Bank (NYSE:BXS) – Research analysts at Jefferies Group boosted their FY2018 earnings estimates for shares of BancorpSouth Bank in a report released on Monday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $2.21 per share for the year, up from their prior estimate of $1.92. Jefferies Group also issued estimates for BancorpSouth Bank’s FY2019 earnings at $2.43 EPS.

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 Zacks’ 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 prior year, the company earned $0.40 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year.

Several other research firms have also recently weighed in on BXS. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 price objective on shares of BancorpSouth Bank in a research report on Thursday, October 12th. Piper Jaffray Companies reiterated a “neutral” rating and set a $31.00 price objective on shares of BancorpSouth Bank in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of BancorpSouth Bank from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, September 19th. Royal Bank of Canada reiterated a “hold” rating and set a $33.00 price objective on shares of BancorpSouth Bank in a research report on Friday, October 20th. Finally, SunTrust Banks reiterated a “hold” rating and set a $34.00 price objective on shares of BancorpSouth Bank in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $33.63.

BancorpSouth Bank (BXS) traded up $0.55 on Wednesday, hitting $34.55. 756,644 shares of the stock traded hands, compared to its average volume of 616,100. BancorpSouth Bank has a 52 week low of $27.20 and a 52 week high of $34.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market capitalization of $3,070.00, a PE ratio of 21.20 and a beta of 1.41.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, December 14th. BancorpSouth Bank’s dividend payout ratio is presently 34.36%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlueCrest Capital Management Ltd bought a new position in BancorpSouth Bank during the second quarter worth $6,063,000. Balyasny Asset Management LLC bought a new position in BancorpSouth Bank during the second quarter worth $3,924,000. Victory Capital Management Inc. boosted its stake in BancorpSouth Bank by 50.7% during the third quarter. Victory Capital Management Inc. now owns 1,181,986 shares of the bank’s stock worth $37,883,000 after acquiring an additional 397,740 shares in the last quarter. Legal & General Group Plc boosted its stake in BancorpSouth Bank by 18.1% during the second quarter. Legal & General Group Plc now owns 64,385 shares of the bank’s stock worth $1,965,000 after acquiring an additional 9,853 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in BancorpSouth Bank by 10.2% during the second quarter. Voya Investment Management LLC now owns 37,649 shares of the bank’s stock worth $1,148,000 after acquiring an additional 3,480 shares in the last quarter. 66.44% of the stock is currently owned by institutional investors and hedge funds.

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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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