Wall Street analysts expect BancorpSouth Bank (NYSE:BXS) to report $0.52 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have issued estimates for BancorpSouth Bank’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.65. BancorpSouth Bank reported earnings of $0.69 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 24.6%. The business is expected to report its next quarterly earnings results after the market closes on Monday, October 19th.
According to Zacks, analysts expect that BancorpSouth Bank will report full-year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.35 to $2.00. For the next fiscal year, analysts expect that the firm will report earnings of $1.69 per share, with EPS estimates ranging from $1.30 to $2.00. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow BancorpSouth Bank.
BancorpSouth Bank (NYSE:BXS) last issued its earnings results on Monday, July 20th. The bank reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.24. BancorpSouth Bank had a return on equity of 9.33% and a net margin of 19.19%. The company had revenue of $261.83 million for the quarter, compared to analyst estimates of $247.16 million. During the same period in the prior year, the firm posted $0.61 EPS.
A number of brokerages have recently commented on BXS. Zacks Investment Research lowered BancorpSouth Bank from a “strong-buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a report on Monday, October 5th. Raymond James reissued a “hold” rating on shares of BancorpSouth Bank in a report on Wednesday, September 9th. ValuEngine lowered BancorpSouth Bank from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Piper Sandler lowered their price objective on BancorpSouth Bank from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. BancorpSouth Bank currently has an average rating of “Hold” and a consensus target price of $26.08.
Hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC bought a new stake in shares of BancorpSouth Bank in the 2nd quarter worth approximately $27,000. Signaturefd LLC lifted its position in shares of BancorpSouth Bank by 74.9% in the 2nd quarter. Signaturefd LLC now owns 2,139 shares of the bank’s stock worth $49,000 after acquiring an additional 916 shares during the period. Advisor Group Holdings Inc. bought a new stake in shares of BancorpSouth Bank in the 1st quarter worth approximately $66,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of BancorpSouth Bank in the 2nd quarter worth approximately $80,000. Finally, US Bancorp DE lifted its position in shares of BancorpSouth Bank by 26.2% in the 2nd quarter. US Bancorp DE now owns 6,328 shares of the bank’s stock worth $144,000 after acquiring an additional 1,312 shares during the period. Institutional investors own 62.49% of the company’s stock.
Shares of NYSE BXS traded down $0.04 during mid-day trading on Tuesday, reaching $21.96. 301,368 shares of the company traded hands, compared to its average volume of 535,874. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.82. The stock has a market cap of $2.25 billion, a PE ratio of 10.76 and a beta of 1.42. The company’s fifty day moving average is $20.89 and its two-hundred day moving average is $21.32. BancorpSouth Bank has a fifty-two week low of $17.21 and a fifty-two week high of $32.97.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.185 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.37%. BancorpSouth Bank’s dividend payout ratio is currently 29.48%.
BancorpSouth Bank Company Profile
BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. The company operates through Banking Services Group, Mortgage, Insurance Agencies, Wealth Management, and General Corporate and Other segments. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits.
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