BancorpSouth Bank (BXS) Expected to Announce Earnings of $0.51 Per Share
Wall Street analysts forecast that BancorpSouth Bank (NYSE:BXS) will report earnings per share (EPS) of $0.51 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for BancorpSouth Bank’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.52. BancorpSouth Bank reported earnings per share of $0.39 in the same quarter last year, which suggests a positive year over year growth rate of 30.8%. The business is expected to issue its next earnings results on Wednesday, April 18th.
On average, analysts expect that BancorpSouth Bank will report full year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.36. For the next financial year, analysts anticipate that the business will post earnings of $2.38 per share, with EPS estimates ranging from $2.35 to $2.40. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow BancorpSouth Bank.
BancorpSouth Bank (NYSE:BXS) last announced its earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $184.46 million for the quarter, compared to analyst estimates of $187.12 million. BancorpSouth Bank had a return on equity of 9.01% and a net margin of 19.59%. During the same quarter in the previous year, the company earned $0.40 earnings per share.
Shares of BancorpSouth Bank (NYSE:BXS) opened at $32.35 on Thursday. The stock has a market capitalization of $2,922.18, a P/E ratio of 19.49 and a beta of 1.47. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.85 and a quick ratio of 0.84. BancorpSouth Bank has a 12-month low of $27.20 and a 12-month high of $35.55.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.73%. BancorpSouth Bank’s dividend payout ratio (DPR) is 33.74%.
Several large investors have recently bought and sold shares of BXS. Meeder Asset Management Inc. grew its stake in shares of BancorpSouth Bank by 239.4% in the fourth quarter. Meeder Asset Management Inc. now owns 4,415 shares of the bank’s stock worth $139,000 after acquiring an additional 3,114 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of BancorpSouth Bank by 39.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock worth $169,000 after acquiring an additional 1,534 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of BancorpSouth Bank in the third quarter worth $203,000. Grandfield & Dodd LLC acquired a new position in shares of BancorpSouth Bank in the third quarter worth $203,000. Finally, Shelton Capital Management acquired a new position in shares of BancorpSouth Bank in the third quarter worth $210,000. Institutional investors and hedge funds own 67.12% of the company’s stock.
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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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