Analysts Expect BancorpSouth Bank (BXS) to Post $0.51 EPS

Equities analysts expect BancorpSouth Bank (NYSE:BXS) to announce $0.51 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for BancorpSouth Bank’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.47. BancorpSouth Bank reported earnings per share of $0.39 in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.8%. The company is scheduled to issue its next quarterly earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that BancorpSouth Bank will report full-year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.31. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.41 per share, with EPS estimates ranging from $2.35 to $2.58. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for BancorpSouth Bank.

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BancorpSouth Bank (NYSE:BXS) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.41. BancorpSouth Bank had a return on equity of 9.01% and a net margin of 19.59%. The business had revenue of $184.46 million during the quarter, compared to the consensus estimate of $187.12 million. During the same period last year, the firm earned $0.40 earnings per share.

BXS has been the subject of a number of research reports. Stephens restated a “buy” rating and issued a $39.00 target price on shares of BancorpSouth Bank in a research note on Friday, January 26th. Zacks Investment Research downgraded BancorpSouth Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Brean Capital restated a “hold” rating on shares of BancorpSouth Bank in a research note on Monday, February 5th. SunTrust Banks restated a “hold” rating and issued a $34.00 target price on shares of BancorpSouth Bank in a research note on Wednesday, November 29th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $35.00 target price on shares of BancorpSouth Bank in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.13.

Shares of BXS stock traded up $0.10 during mid-day trading on Friday, reaching $33.60. The company’s stock had a trading volume of 2,528,121 shares, compared to its average volume of 658,284. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.84 and a current ratio of 0.85. BancorpSouth Bank has a 12 month low of $27.20 and a 12 month high of $35.55. The firm has a market capitalization of $3,035.09, a P/E ratio of 20.24 and a beta of 1.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.67%. BancorpSouth Bank’s dividend payout ratio is presently 33.74%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. boosted its position in shares of BancorpSouth Bank by 239.4% during the fourth quarter. Meeder Asset Management Inc. now owns 4,415 shares of the bank’s stock worth $139,000 after buying an additional 3,114 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of BancorpSouth Bank by 39.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock worth $169,000 after buying an additional 1,534 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of BancorpSouth Bank during the third quarter worth approximately $203,000. Shelton Capital Management acquired a new position in shares of BancorpSouth Bank during the third quarter worth approximately $210,000. Finally, Sciencast Management LP acquired a new position in shares of BancorpSouth Bank during the fourth quarter worth approximately $210,000. Institutional investors and hedge funds own 67.57% 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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Earnings History and Estimates for BancorpSouth Bank (NYSE:BXS)

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