BancorpSouth Bank (NYSE:BXS) – Equities researchers at Jefferies Group cut their Q1 2018 earnings per share (EPS) estimates for BancorpSouth Bank in a research note issued to investors on Wednesday, April 4th. Jefferies Group analyst C. Haire now forecasts that the bank will earn $0.49 per share for the quarter, down from their previous forecast of $0.52. Jefferies Group also issued estimates for BancorpSouth Bank’s FY2018 earnings at $2.13 EPS.
Several other research analysts also recently weighed in on BXS. Zacks Investment Research downgraded BancorpSouth Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth Bank in a research note on Tuesday, January 2nd. Piper Jaffray reiterated a “hold” rating and set a $35.00 price target on shares of BancorpSouth Bank in a research note on Tuesday, January 9th. Stephens reiterated a “buy” rating and set a $39.00 price target on shares of BancorpSouth Bank in a research note on Friday, January 26th. Finally, ValuEngine downgraded BancorpSouth Bank from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $34.13.
BancorpSouth Bank (NYSE:BXS) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $184.46 million during the quarter, compared to the consensus estimate of $187.12 million. BancorpSouth Bank had a return on equity of 9.01% and a net margin of 19.59%. During the same quarter in the prior year, the company earned $0.40 EPS.
The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.56 annualized dividend and a yield of 1.79%. BancorpSouth Bank’s dividend payout ratio is currently 33.53%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB bought a new position in BancorpSouth Bank in the 4th quarter worth about $244,000. MetLife Investment Advisors LLC bought a new position in BancorpSouth Bank in the 4th quarter worth about $2,878,000. Westwood Holdings Group Inc. bought a new position in BancorpSouth Bank in the 4th quarter worth about $877,000. Sciencast Management LP bought a new position in BancorpSouth Bank in the 4th quarter worth about $210,000. Finally, Paloma Partners Management Co boosted its stake in BancorpSouth Bank by 9.1% in the 4th quarter. Paloma Partners Management Co now owns 25,511 shares of the bank’s stock worth $802,000 after purchasing an additional 2,128 shares during the period. Institutional investors and hedge funds own 66.83% of the company’s stock.
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BancorpSouth Bank Company Profile
BancorpSouth Bank operates as a financial holding company for BancorpSouth Bank that 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.
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