Bancorpsouth Bank (NYSE:BXS) – Research analysts at Jefferies Financial Group increased their Q2 2019 earnings per share estimates for shares of Bancorpsouth Bank in a report released on Tuesday, July 9th. Jefferies Financial Group analyst C. Haire now anticipates that the bank will post earnings per share of $0.61 for the quarter, up from their prior forecast of $0.60. Jefferies Financial Group also issued estimates for Bancorpsouth Bank’s Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.56 EPS, FY2019 earnings at $2.31 EPS and FY2020 earnings at $2.40 EPS.
Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. Bancorpsouth Bank had a return on equity of 10.34% and a net margin of 23.10%. The company had revenue of $216.77 million during the quarter, compared to the consensus estimate of $221.20 million. During the same quarter last year, the company earned $0.54 EPS.
BXS has been the subject of several other research reports. Stephens restated a “buy” rating and set a $31.00 target price on shares of Fidelity Southern in a research report on Thursday, April 18th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Finally, Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.50.
Bancorpsouth Bank stock opened at $29.10 on Friday. The company has a market cap of $2.88 billion, a P/E ratio of 13.05 and a beta of 1.46. Bancorpsouth Bank has a one year low of $24.31 and a one year high of $35.40. The stock’s 50 day moving average is $28.29.
Institutional investors have recently bought and sold shares of the stock. Howard Financial Services LTD. bought a new position in shares of Bancorpsouth Bank during the 4th quarter worth approximately $1,156,000. Raymond James Financial Services Advisors Inc. increased its holdings in Bancorpsouth Bank by 424.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 125,792 shares of the bank’s stock valued at $3,550,000 after purchasing an additional 101,824 shares in the last quarter. BlackRock Inc. increased its holdings in Bancorpsouth Bank by 5.7% during the 4th quarter. BlackRock Inc. now owns 11,371,437 shares of the bank’s stock valued at $297,251,000 after purchasing an additional 613,350 shares in the last quarter. Citigroup Inc. increased its holdings in Bancorpsouth Bank by 210.4% during the 4th quarter. Citigroup Inc. now owns 38,348 shares of the bank’s stock valued at $1,003,000 after purchasing an additional 25,995 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Bancorpsouth Bank by 7.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 53,349 shares of the bank’s stock valued at $1,294,000 after purchasing an additional 3,645 shares in the last quarter. Institutional investors and hedge funds own 65.16% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.68 annualized dividend and a dividend yield of 2.34%. Bancorpsouth Bank’s dividend payout ratio (DPR) is presently 30.49%.
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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