Q3 2016 EPS Estimates for BancorpSouth Inc. (BXS) Increased by Analyst
BancorpSouth Inc. (NYSE:BXS) – Stock analysts at Jefferies Group raised their Q3 2016 earnings per share estimates for BancorpSouth in a report released on Friday. Jefferies Group analyst E. Harmon now forecasts that the brokerage will post earnings per share of $0.41 for the quarter, up from their previous forecast of $0.40. Jefferies Group also issued estimates for BancorpSouth’s FY2016 earnings at $1.56 EPS and FY2017 earnings at $1.65 EPS.
A number of other equities analysts also recently weighed in on the company. Keefe, Bruyette & Woods raised BancorpSouth from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $24.00 to $25.00 in a research report on Thursday, June 30th. Raymond James Financial Inc. downgraded BancorpSouth from a “market perform” rating to an “underperform” rating in a research report on Thursday, October 6th. Zacks Investment Research raised BancorpSouth from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $24.00 price target on shares of BancorpSouth in a research report on Friday, July 22nd. Finally, FBR & Co reaffirmed a “buy” rating on shares of BancorpSouth in a research report on Saturday, July 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. BancorpSouth has a consensus rating of “Hold” and a consensus price target of $24.71.
Shares of BancorpSouth (NYSE:BXS) opened at 23.09 on Monday. BancorpSouth has a 1-year low of $18.69 and a 1-year high of $27.23. The firm’s 50-day moving average is $23.89 and its 200-day moving average is $23.12. The firm has a market cap of $2.18 billion, a P/E ratio of 19.42 and a beta of 1.20.
BancorpSouth (NYSE:BXS) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. BancorpSouth had a net margin of 15.25% and a return on equity of 8.36%. During the same period in the prior year, the business earned $0.41 EPS.
Several hedge funds have recently added to or reduced their stakes in the company. Pacad Investment Ltd. bought a new stake in BancorpSouth during the second quarter valued at about $111,000. LS Investment Advisors LLC raised its stake in 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. Bessemer Group Inc. raised its stake in BancorpSouth by 119.9% in the second quarter. Bessemer Group Inc. now owns 7,066 shares of the company’s stock valued at $160,000 after buying an additional 3,852 shares during the period. Argent Trust Co bought a new stake in BancorpSouth during the second quarter valued at about $209,000. Finally, Parametrica Management Ltd bought a new stake in BancorpSouth during the second quarter valued at about $225,000. 62.98% of the stock is currently owned by institutional investors.
In other news, insider James Ronald Hodges sold 4,543 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $24.01, for a total transaction of $109,077.43. Following the sale, the insider now directly owns 26,900 shares of the company’s stock, valued at approximately $645,869. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.93% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were given a dividend of $0.125 per share. This is a boost from BancorpSouth’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.50 annualized dividend and a yield of 2.17%. BancorpSouth’s dividend payout ratio (DPR) is presently 42.02%.
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.
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