BancorpSouth Inc. (NYSE:BXS) – Analysts at Jefferies Group lifted their Q3 2016 earnings estimates for BancorpSouth in a research report issued to clients and investors on Friday. Jefferies Group analyst E. Harmon now expects that the firm will earn $0.41 per share for the quarter, up from their previous estimate of $0.40. Jefferies Group also issued estimates for BancorpSouth’s FY2016 earnings at $1.56 EPS and FY2017 earnings at $1.65 EPS.
A number of other brokerages have also recently commented on BXS. Zacks Investment Research upgraded BancorpSouth from a “sell” rating to a “hold” rating in a report on Monday, September 19th. Raymond James Financial Inc. cut BancorpSouth from a “market perform” rating to an “underperform” rating in a report on Thursday, October 6th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $24.00 target price on shares of BancorpSouth in a report on Friday, July 22nd. FBR & Co reiterated a “buy” rating on shares of BancorpSouth in a report on Saturday, July 9th. Finally, Keefe, Bruyette & Woods upgraded BancorpSouth from a “market perform” rating to an “outperform” rating and increased their target price for the company from $24.00 to $25.00 in a report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.71.
BancorpSouth (NYSE:BXS) opened at 23.30 on Monday. The company’s 50-day moving average price is $23.91 and its 200 day moving average price is $23.12. BancorpSouth has a 1-year low of $18.69 and a 1-year high of $27.23. The firm has a market capitalization of $2.20 billion, a PE ratio of 19.60 and a beta of 1.20.
BancorpSouth (NYSE:BXS) last released its earnings results on Wednesday, July 20th. The company reported $0.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. BancorpSouth had a return on equity of 8.36% and a net margin of 15.25%. During the same quarter in the previous year, the business posted $0.41 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were issued a dividend of $0.125 per share. This is a boost from BancorpSouth’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.15%. BancorpSouth’s dividend payout ratio (DPR) is 42.02%.
In other news, insider James Ronald Hodges sold 4,543 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $24.01, for a total transaction of $109,077.43. Following the sale, the insider now owns 26,900 shares in the company, valued at $645,869. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.93% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Skyline Asset Management LP boosted its stake in BancorpSouth by 3.9% in the first quarter. Skyline Asset Management LP now owns 1,205,100 shares of the company’s stock valued at $25,681,000 after buying an additional 45,200 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in BancorpSouth by 2.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 142,158 shares of the company’s stock valued at $3,029,000 after buying an additional 2,948 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in BancorpSouth by 12.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 3,468,210 shares of the company’s stock valued at $73,907,000 after buying an additional 384,872 shares during the period. Renaissance Technologies LLC boosted its stake in BancorpSouth by 86.6% in the first quarter. Renaissance Technologies LLC now owns 980,600 shares of the company’s stock valued at $20,897,000 after buying an additional 455,087 shares during the period. Finally, UBS Group AG boosted its stake in BancorpSouth by 17.0% in the first quarter. UBS Group AG now owns 84,325 shares of the company’s stock valued at $1,797,000 after buying an additional 12,273 shares during the period. Institutional investors and hedge funds own 62.98% of the company’s stock.
BancorpSouth Company Profile
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), 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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