Bancorpsouth Bank (NYSE:BXS) Expected to Announce Earnings of $0.61 Per Share

Equities analysts expect Bancorpsouth Bank (NYSE:BXS) to post earnings per share (EPS) of $0.61 for the current quarter, Zacks reports. Five analysts have made estimates for Bancorpsouth Bank’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.64. Bancorpsouth Bank posted earnings per share of $0.57 in the same quarter last year, which would indicate a positive year over year growth rate of 7%. The firm is scheduled to announce its next earnings report on Wednesday, January 22nd.

On average, analysts expect that Bancorpsouth Bank will report full-year earnings of $2.29 per share for the current year, with EPS estimates ranging from $2.26 to $2.33. For the next fiscal year, analysts forecast that the company will report earnings of $2.41 per share, with EPS estimates ranging from $2.35 to $2.53. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Bancorpsouth Bank.

Bancorpsouth Bank (NYSE:BXS) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Bancorpsouth Bank had a net margin of 21.23% and a return on equity of 10.51%. The firm had revenue of $242.03 million during the quarter, compared to the consensus estimate of $238.70 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share.

BXS has been the subject of several research reports. Piper Jaffray Companies started coverage on shares of Bancorpsouth Bank in a research note on Wednesday, September 18th. They set a “neutral” rating and a $32.50 price objective for the company. ValuEngine raised shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a report on Tuesday. DA Davidson assumed coverage on shares of Bancorpsouth Bank in a research report on Tuesday, August 20th. They set a “neutral” rating and a $30.50 target price for the company. Finally, SunTrust Banks raised shares of Bancorpsouth Bank from a “hold” rating to a “buy” rating and upped their price target for the company from $32.00 to $33.00 in a report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Bancorpsouth Bank currently has an average rating of “Hold” and an average target price of $32.33.

Shares of BXS stock traded up $0.57 during trading hours on Friday, reaching $31.28. 9,590 shares of the company’s stock were exchanged, compared to its average volume of 358,560. The stock has a market cap of $3.26 billion, a PE ratio of 14.04 and a beta of 1.44. Bancorpsouth Bank has a 1 year low of $24.31 and a 1 year high of $33.45. The stock’s fifty day moving average price is $30.84 and its two-hundred day moving average price is $29.07.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.37%. Bancorpsouth Bank’s payout ratio is 33.18%.

Large investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY boosted its holdings in Bancorpsouth Bank by 3.2% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 54,816 shares of the bank’s stock valued at $1,623,000 after purchasing an additional 1,687 shares during the period. Millennium Management LLC lifted its position in shares of Bancorpsouth Bank by 458.8% during the third quarter. Millennium Management LLC now owns 490,455 shares of the bank’s stock valued at $14,522,000 after purchasing an additional 402,685 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Bancorpsouth Bank during the third quarter worth about $77,000. California State Teachers Retirement System boosted its holdings in Bancorpsouth Bank by 1.2% during the third quarter. California State Teachers Retirement System now owns 149,166 shares of the bank’s stock worth $4,417,000 after purchasing an additional 1,781 shares during the last quarter. Finally, BancorpSouth Bank grew its position in Bancorpsouth Bank by 0.5% in the 3rd quarter. BancorpSouth Bank now owns 561,634 shares of the bank’s stock worth $16,630,000 after purchasing an additional 3,017 shares in the last quarter. 62.14% 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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Earnings History and Estimates for Bancorpsouth Bank (NYSE:BXS)

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