Bancorpsouth Bank (NYSE:BXS) – Equities research analysts at SunTrust Banks lowered their FY2018 earnings per share (EPS) estimates for Bancorpsouth Bank in a research note issued to investors on Thursday, November 15th. SunTrust Banks analyst J. Demba now anticipates that the bank will post earnings of $2.21 per share for the year, down from their prior forecast of $2.22. SunTrust Banks has a “Hold” rating and a $31.00 price target on the stock. SunTrust Banks also issued estimates for Bancorpsouth Bank’s Q1 2019 earnings at $0.55 EPS, FY2019 earnings at $2.38 EPS and FY2020 earnings at $2.50 EPS.

Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings data on Wednesday, October 17th. The bank reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $213.75 million for the quarter, compared to the consensus estimate of $216.90 million. Bancorpsouth Bank had a return on equity of 10.16% and a net margin of 23.71%. During the same period in the previous year, the business earned $0.43 EPS.

Other research analysts also recently issued reports about the company. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a research note on Monday, July 30th. 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. Zacks Investment Research raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. ValuEngine raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Royal Bank of Canada dropped their price objective on Bancorpsouth Bank to $32.00 and set a “market perform” rating on the stock in a research note on Friday, October 19th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $34.50.

Shares of NYSE:BXS opened at $29.41 on Monday. The stock has a market capitalization of $2.65 billion, a PE ratio of 17.61 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.86. Bancorpsouth Bank has a 1 year low of $26.91 and a 1 year high of $35.55.

A number of hedge funds have recently bought and sold shares of BXS. Principal Financial Group Inc. raised its stake in Bancorpsouth Bank by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 364,756 shares of the bank’s stock worth $11,599,000 after buying an additional 9,767 shares during the period. Amalgamated Bank raised its stake in Bancorpsouth Bank by 14.9% during the 2nd quarter. Amalgamated Bank now owns 13,902 shares of the bank’s stock worth $458,000 after buying an additional 1,802 shares during the period. Zeke Capital Advisors LLC acquired a new position in Bancorpsouth Bank during the 2nd quarter worth approximately $202,000. Piedmont Investment Advisors LLC raised its stake in Bancorpsouth Bank by 9.6% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 19,007 shares of the bank’s stock worth $626,000 after buying an additional 1,662 shares during the period. Finally, First Trust Advisors LP acquired a new position in Bancorpsouth Bank during the 2nd quarter worth approximately $3,553,000. 73.35% of the stock is currently owned by institutional investors and hedge funds.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 14th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, December 13th. Bancorpsouth Bank’s dividend payout ratio (DPR) is currently 40.72%.

About Bancorpsouth Bank

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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Earnings History and Estimates for Bancorpsouth Bank (NYSE:BXS)

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