Bancorpsouth Bank (NYSE:BXS) – FIG Partners increased their Q1 2019 earnings per share estimates for Bancorpsouth Bank in a research report issued on Wednesday, September 19th, Zacks Investment Research reports. FIG Partners analyst J. Rodis now expects that the bank will post earnings per share of $0.58 for the quarter, up from their prior estimate of $0.57. FIG Partners also issued estimates for Bancorpsouth Bank’s Q2 2019 earnings at $0.61 EPS and Q4 2019 earnings at $0.62 EPS.
A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Stephens reissued a “buy” rating and issued a $37.00 price objective on shares of Bancorpsouth Bank in a research note on Monday, August 27th. Finally, Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a research note on Monday, August 6th. 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 an average target price of $36.17.
Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings results on Wednesday, July 18th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Bancorpsouth Bank had a return on equity of 9.90% and a net margin of 21.59%. The firm had revenue of $214.58 million for the quarter, compared to analysts’ expectations of $214.20 million. During the same period in the prior year, the business posted $0.42 earnings per share.
A number of institutional investors have recently bought and sold shares of BXS. BlackRock Inc. boosted its stake in Bancorpsouth Bank by 9.8% in the second quarter. BlackRock Inc. now owns 10,322,893 shares of the bank’s stock worth $340,139,000 after purchasing an additional 920,056 shares in the last quarter. Federated Investors Inc. PA lifted its stake in shares of Bancorpsouth Bank by 529.4% during the second quarter. Federated Investors Inc. PA now owns 561,159 shares of the bank’s stock valued at $18,490,000 after acquiring an additional 472,001 shares during the period. RMB Capital Management LLC acquired a new position in shares of Bancorpsouth Bank during the first quarter valued at $4,757,000. Trust Co acquired a new position in shares of Bancorpsouth Bank during the first quarter valued at $4,620,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Bancorpsouth Bank during the first quarter valued at $4,461,000. 73.57% of the stock is currently owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 14th were paid a $0.17 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 2.25%. This is a positive change from Bancorpsouth Bank’s previous quarterly dividend of $0.14. Bancorpsouth Bank’s payout ratio is currently 40.72%.
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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