Brokers Issue Forecasts for BancorpSouth Bank’s Q1 2018 Earnings (BXS)

BancorpSouth Bank (NYSE:BXS) – Investment analysts at SunTrust Banks boosted their Q1 2018 EPS estimates for shares of BancorpSouth Bank in a research report issued to clients and investors on Monday, according to Zacks Investment Research. SunTrust Banks analyst J. Demba now anticipates that the bank will post earnings of $0.54 per share for the quarter, up from their prior forecast of $0.46. SunTrust Banks currently has a “Hold” rating and a $34.00 target price on the stock. SunTrust Banks also issued estimates for BancorpSouth Bank’s Q2 2018 earnings at $0.59 EPS and Q4 2018 earnings at $0.59 EPS.

BancorpSouth Bank (NYSE:BXS) last released its earnings results on Thursday, October 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. BancorpSouth Bank had a net margin of 19.59% and a return on equity of 8.97%. The business had revenue of $186.52 million during the quarter, compared to analyst estimates of $191.32 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of BancorpSouth Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine lowered shares of BancorpSouth Bank from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Brean Capital restated a “hold” rating on shares of BancorpSouth Bank in a research note on Tuesday, December 5th. Piper Jaffray Companies restated a “hold” rating and set a $35.00 target price on shares of BancorpSouth Bank in a research note on Tuesday, January 9th. Finally, Hovde Group upped their target price on shares of BancorpSouth Bank from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.63.

Shares of BancorpSouth Bank (NYSE:BXS) traded up $0.55 on Tuesday, hitting $34.55. 756,600 shares of the company were exchanged, compared to its average volume of 616,100. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. BancorpSouth Bank has a 12-month low of $27.20 and a 12-month high of $34.55. The stock has a market capitalization of $3,120.89, a price-to-earnings ratio of 20.94 and a beta of 1.41.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlueCrest Capital Management Ltd acquired a new stake in shares of BancorpSouth Bank during the second quarter worth $6,063,000. Balyasny Asset Management LLC acquired a new stake in BancorpSouth Bank in the second quarter valued at $3,924,000. Victory Capital Management Inc. lifted its holdings in BancorpSouth Bank by 50.7% in the third quarter. Victory Capital Management Inc. now owns 1,181,986 shares of the bank’s stock valued at $37,883,000 after acquiring an additional 397,740 shares during the period. Legal & General Group Plc lifted its holdings in BancorpSouth Bank by 18.1% in the second quarter. Legal & General Group Plc now owns 64,385 shares of the bank’s stock valued at $1,965,000 after acquiring an additional 9,853 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in BancorpSouth Bank by 10.2% in the second quarter. Voya Investment Management LLC now owns 37,649 shares of the bank’s stock valued at $1,148,000 after acquiring an additional 3,480 shares during the period. Institutional investors and hedge funds own 66.44% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.62%. BancorpSouth Bank’s dividend payout ratio (DPR) is presently 33.94%.

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BancorpSouth Bank Company Profile

BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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.

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