BancorpSouth, Inc. (BXS) Forecasted to Post FY2017 Earnings of $1.70 Per Share

BancorpSouth, Inc. (NYSE:BXS) – Analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for shares of BancorpSouth in a research report issued on Monday. Jefferies Group analyst C. Haire now forecasts that the firm will post earnings of $1.70 per share for the year, up from their previous estimate of $1.60. Jefferies Group also issued estimates for BancorpSouth’s FY2018 earnings at $1.90 EPS.

BancorpSouth (NYSE:BXS) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company earned $185.50 million during the quarter, compared to the consensus estimate of $193.14 million. BancorpSouth had a return on equity of 8.40% and a net margin of 15.47%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share.

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Earnings History and Estimates for BancorpSouth (NYSE:BXS)

BXS has been the topic of several other reports. Royal Bank Of Canada cut BancorpSouth from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $26.00 to $25.00 in a research report on Friday, October 21st. Keefe, Bruyette & Woods cut BancorpSouth from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $25.00 to $30.00 in a research report on Tuesday, November 29th. Zacks Investment Research raised BancorpSouth from a “sell” rating to a “hold” rating in a research report on Monday, September 19th. Raymond James Financial, Inc. cut BancorpSouth from a “market perform” rating to an “underperform” rating in a research report on Thursday, October 6th. Finally, Stephens raised BancorpSouth from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 21st. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.33.

BancorpSouth (NYSE:BXS) traded up 0.080% on Wednesday, hitting $31.425. 252,135 shares of the company traded hands. The firm has a market capitalization of $2.94 billion, a PE ratio of 25.590 and a beta of 1.32. BancorpSouth has a 1-year low of $18.69 and a 1-year high of $32.08. The firm’s 50 day moving average price is $30.15 and its 200 day moving average price is $25.43.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.59%. The ex-dividend date was Tuesday, December 13th. BancorpSouth’s dividend payout ratio (DPR) is presently 40.65%.

In related news, insider William James Threadgill, Jr. sold 4,333 shares of BancorpSouth stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $28.72, for a total transaction of $124,443.76. Following the sale, the insider now owns 31,496 shares of the company’s stock, valued at approximately $904,565.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.93% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was first published by BBNS and is owned by of BBNS. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international copyright and trademark laws. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/bancorpsouth-inc-bxs-forecasted-to-post-fy2017-earnings-of-1-70-per-share/345523.html.

Hedge funds have recently modified their holdings of the stock. LS Investment Advisors LLC increased its stake in shares of BancorpSouth by 78.2% in the second quarter. LS Investment Advisors LLC now owns 5,121 shares of the company’s stock valued at $116,000 after buying an additional 2,248 shares during the period. Parametrica Management Ltd acquired a new stake in shares of BancorpSouth during the second quarter valued at about $225,000. Bank of Montreal Can acquired a new stake in shares of BancorpSouth during the second quarter valued at about $3,023,000. Emerald Acquisition Ltd. acquired a new stake in shares of BancorpSouth during the second quarter valued at about $4,869,000. Finally, Argent Trust Co acquired a new stake in shares of BancorpSouth during the second quarter valued at about $209,000. 63.06% of the stock is currently owned by institutional investors.

About BancorpSouth

BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.

5 Day Chart for NYSE:BXS

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