Bancorpsouth Bank (NYSE:BXS) – Equities researchers at Piper Jaffray Companies dropped their Q1 2019 earnings estimates for shares of Bancorpsouth Bank in a note issued to investors on Monday, January 28th. Piper Jaffray Companies analyst B. Rabatin now anticipates that the bank will post earnings per share of $0.56 for the quarter, down from their previous estimate of $0.57. Piper Jaffray Companies also issued estimates for Bancorpsouth Bank’s Q2 2020 earnings at $0.62 EPS, Q4 2020 earnings at $0.66 EPS and FY2020 earnings at $2.53 EPS.
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Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $211.91 million for the quarter, compared to analysts’ expectations of $221.38 million. Bancorpsouth Bank had a return on equity of 10.43% and a net margin of 23.66%. During the same period in the prior year, the firm earned $0.41 EPS.
Several other research firms have also commented on BXS. Zacks Investment Research lowered Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Stephens restated a “buy” rating and issued a $37.00 price objective on shares of Bancorpsouth Bank in a research note on Thursday, October 18th. Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a research note on Thursday, October 18th. Finally, ValuEngine upgraded Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.50.
NYSE:BXS opened at $29.37 on Thursday. The firm has a market capitalization of $2.65 billion, a PE ratio of 13.17 and a beta of 1.42. Bancorpsouth Bank has a one year low of $24.31 and a one year high of $35.45.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 2.32%. Bancorpsouth Bank’s dividend payout ratio (DPR) is 30.49%.
Large investors have recently bought and sold shares of the company. Founders Capital Management purchased a new stake in Bancorpsouth Bank in the 4th quarter worth $26,000. Point72 Hong Kong Ltd purchased a new stake in Bancorpsouth Bank in the 3rd quarter worth $100,000. Bank of Montreal Can increased its stake in Bancorpsouth Bank by 11.8% in the 4th quarter. Bank of Montreal Can now owns 6,467 shares of the bank’s stock worth $169,000 after buying an additional 684 shares in the last quarter. Eukles Asset Management purchased a new stake in Bancorpsouth Bank in the 4th quarter worth $208,000. Finally, Dupont Capital Management Corp purchased a new stake in Bancorpsouth Bank in the 4th quarter worth $244,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.
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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