Bancorpsouth Bank (NYSE:BXS) – FIG Partners increased their FY2019 earnings estimates for shares of Bancorpsouth Bank in a report released on Wednesday, March 6th. FIG Partners analyst J. Rodis now anticipates that the bank will post earnings of $2.41 per share for the year, up from their previous estimate of $2.40. FIG Partners also issued estimates for Bancorpsouth Bank’s Q4 2019 earnings at $0.64 EPS and FY2020 earnings at $2.56 EPS.
Get Bancorpsouth Bank alerts:A number of other analysts have also recently commented on the company. ValuEngine raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a report on Friday, January 25th. Stephens reissued a “buy” rating and issued a $35.00 price objective on shares of Bancorpsouth Bank in a report on Thursday, December 6th. Finally, Zacks Investment Research cut Bancorpsouth Bank from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Eight analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $33.00.
Shares of BXS opened at $29.88 on Friday. Bancorpsouth Bank has a one year low of $24.31 and a one year high of $35.45. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 13.40 and a beta of 1.41.
Bancorpsouth Bank (NYSE:BXS) last issued its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Bancorpsouth Bank had a return on equity of 10.43% and a net margin of 23.66%. The company had revenue of $211.91 million during the quarter, compared to analysts’ expectations of $221.38 million. During the same quarter in the previous year, the firm posted $0.41 EPS.
Hedge funds have recently modified their holdings of the company. Founders Capital Management acquired a new position in shares of Bancorpsouth Bank in the 4th quarter valued at about $26,000. Toronto Dominion Bank acquired a new position in Bancorpsouth Bank in the 4th quarter worth about $43,000. NumerixS Investment Technologies Inc raised its holdings in Bancorpsouth Bank by 480.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,900 shares of the bank’s stock worth $75,000 after purchasing an additional 2,400 shares during the period. Point72 Hong Kong Ltd acquired a new position in Bancorpsouth Bank in the 3rd quarter worth about $100,000. Finally, Bank of Montreal Can raised its holdings in Bancorpsouth Bank by 11.8% in the 4th quarter. Bank of Montreal Can now owns 6,467 shares of the bank’s stock worth $169,000 after purchasing an additional 684 shares during the period. 72.90% of the stock is owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 2.28%. Bancorpsouth Bank’s dividend payout ratio (DPR) is presently 30.49%.
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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