$0.26 Earnings Per Share Expected for Bancorpsouth Bank (NYSE:BXS) This Quarter

Equities analysts predict that Bancorpsouth Bank (NYSE:BXS) will post earnings per share (EPS) of $0.26 for the current quarter, according to Zacks. Four analysts have issued estimates for Bancorpsouth Bank’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at $0.49. Bancorpsouth Bank posted earnings per share of $0.61 during the same quarter last year, which indicates a negative year over year growth rate of 57.4%. The firm is expected to announce its next quarterly earnings report on Wednesday, July 15th.

According to Zacks, analysts expect that Bancorpsouth Bank will report full year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $0.16 to $1.56. For the next financial year, analysts expect that the business will post earnings of $1.75 per share, with EPS estimates ranging from $1.50 to $2.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Bancorpsouth Bank.

Bancorpsouth Bank (NYSE:BXS) last released its earnings results on Monday, April 20th. The bank reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.12). Bancorpsouth Bank had a return on equity of 9.47% and a net margin of 19.00%. The firm had revenue of $244.03 million during the quarter, compared to analyst estimates of $243.90 million. During the same quarter last year, the business posted $0.56 EPS.

BXS has been the subject of a number of recent research reports. SunTrust Banks lifted their price target on shares of Bancorpsouth Bank from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Janney Montgomery Scott cut shares of Bancorpsouth Bank from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Monday, June 8th. They noted that the move was a valuation call. ValuEngine raised shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a report on Thursday, June 4th. Wedbush downgraded shares of Bancorpsouth Bank from an “outperform” rating to a “neutral” rating in a report on Monday, June 8th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $22.00 price objective on shares of Bancorpsouth Bank in a research note on Monday, April 13th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Bancorpsouth Bank currently has an average rating of “Hold” and a consensus price target of $28.83.

Shares of NYSE BXS traded down $1.32 during midday trading on Monday, hitting $20.95. The company had a trading volume of 939,300 shares, compared to its average volume of 599,806. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 11.02 and a beta of 1.43. The business has a 50-day simple moving average of $21.73 and a two-hundred day simple moving average of $25.05. Bancorpsouth Bank has a twelve month low of $17.21 and a twelve month high of $32.97.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Friday, June 12th. Bancorpsouth Bank’s dividend payout ratio (DPR) is 29.48%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Silvercrest Asset Management Group LLC grew its holdings in Bancorpsouth Bank by 1.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 5,530,498 shares of the bank’s stock valued at $104,638,000 after purchasing an additional 80,064 shares during the last quarter. State Street Corp boosted its position in shares of Bancorpsouth Bank by 0.3% in the first quarter. State Street Corp now owns 3,635,661 shares of the bank’s stock valued at $69,453,000 after acquiring an additional 9,881 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Bancorpsouth Bank by 0.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,631,147 shares of the bank’s stock valued at $82,645,000 after acquiring an additional 13,669 shares during the period. Victory Capital Management Inc. boosted its position in shares of Bancorpsouth Bank by 7.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,689,909 shares of the bank’s stock valued at $53,080,000 after acquiring an additional 111,676 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC lifted its position in Bancorpsouth Bank by 3.2% in the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,686,072 shares of the bank’s stock worth $31,900,000 after purchasing an additional 51,557 shares during the period. 62.10% of the stock is owned by institutional investors and hedge funds.

About Bancorpsouth Bank

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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