BancorpSouth Inc. (NYSE:BXS) – Equities researchers at Jefferies Group lifted their Q4 2016 earnings estimates for BancorpSouth in a research report issued on Tuesday. Jefferies Group analyst E. Harmon now expects that the brokerage will post earnings of $0.44 per share for the quarter, up from their prior estimate of $0.40. Jefferies Group also issued estimates for BancorpSouth’s Q1 2017 earnings at $0.41 EPS, Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.42 EPS and Q4 2017 earnings at $0.41 EPS.

BancorpSouth (NYSE:BXS) last released its earnings results on Wednesday, July 20th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 earnings per share.

Earnings History and Estimates for BancorpSouth (NYSE:BXS)

BXS has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their target price on BancorpSouth from $24.00 to $23.50 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Zacks Investment Research cut BancorpSouth from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Keefe, Bruyette & Woods upgraded BancorpSouth from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $24.00 to $25.00 in a research report on Thursday, June 30th. FBR & Co restated a “buy” rating on shares of BancorpSouth in a research report on Saturday, July 9th. Finally, Raymond James Financial Inc. cut BancorpSouth from a “market perform” rating to an “underperform” rating in a research report on Thursday, October 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. BancorpSouth presently has an average rating of “Hold” and an average price target of $24.71.

BancorpSouth (NYSE:BXS) traded down 2.56% during midday trading on Thursday, reaching $22.47. 586,063 shares of the company were exchanged. The firm’s 50-day moving average price is $23.86 and its 200 day moving average price is $23.12. BancorpSouth has a 52-week low of $18.69 and a 52-week high of $27.23. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 18.90 and a beta of 1.20.

Hedge funds have recently bought and sold shares of the company. Creative Planning increased its stake in BancorpSouth by 65.6% in the third quarter. Creative Planning now owns 4,369 shares of the company’s stock valued at $101,000 after buying an additional 1,730 shares during the last quarter. Pacad Investment Ltd. acquired a new position in BancorpSouth during the second quarter valued at about $111,000. LS Investment Advisors LLC boosted its position 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. boosted its position 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. Finally, Argent Trust Co acquired a new position in BancorpSouth during the second quarter valued at about $209,000. Institutional investors own 62.98% of the company’s stock.

In related news, insider James Ronald Hodges sold 4,543 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $24.01, for a total transaction of $109,077.43. Following the transaction, the insider now owns 26,900 shares in the company, valued at approximately $645,869. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.93% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Tuesday, September 13th. This is an increase from BancorpSouth’s previous quarterly dividend of $0.10. BancorpSouth’s payout ratio is currently 42.02%.

About BancorpSouth

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.

5 Day Chart for NYSE:BXS

Receive News & Stock Ratings for BancorpSouth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancorpSouth Inc. and related stocks with our FREE daily email newsletter.