Trade Report: Today, FY2018 Earnings Forecast for BancorpSouth Inc. Issued By FIG Partners (BXS)

Today, FY2018 Earnings Forecast for BancorpSouth Inc. Issued By FIG Partners (BXS)

BancorpSouth Inc. (NYSE:BXS) – Equities research analysts at FIG Partners issued their FY2018 earnings per share (EPS) estimates for shares of BancorpSouth in a research note issued on Tuesday. FIG Partners analyst J. Rodis anticipates that the brokerage will post earnings per share of $1.90 for the year.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of BancorpSouth from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. RBC Capital Markets downgraded shares of BancorpSouth from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $26.00 to $25.00 in a research note on Friday, October 21st. Raymond James Financial Inc. downgraded shares of BancorpSouth from a “market perform” rating to an “underperform” rating in a research note on Thursday, October 6th. Finally, Royal Bank Of Canada downgraded shares of BancorpSouth from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $26.00 to $25.00 in a research note on Friday, October 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.50.

BancorpSouth (NYSE:BXS) traded up 0.51% during midday trading on Wednesday, reaching $29.40. 246,636 shares of the company traded hands. BancorpSouth has a 12-month low of $18.69 and a 12-month high of $29.45. The stock has a market capitalization of $2.75 billion, a P/E ratio of 23.94 and a beta of 1.22. The company has a 50 day moving average of $24.82 and a 200-day moving average of $23.76.

BancorpSouth (NYSE:BXS) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. The company earned $185.50 million during the quarter, compared to the consensus estimate of $193.14 million. BancorpSouth had a net margin of 15.47% and a return on equity of 8.40%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Tuesday, December 13th. BancorpSouth’s dividend payout ratio (DPR) is presently 40.65%.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in BancorpSouth by 5.0% in the second quarter. Vanguard Group Inc. now owns 6,206,513 shares of the company’s stock valued at $140,826,000 after buying an additional 295,789 shares during the period. BlackRock Fund Advisors boosted its stake in BancorpSouth by 7.0% in the third quarter. BlackRock Fund Advisors now owns 4,710,773 shares of the company’s stock worth $109,290,000 after buying an additional 309,253 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in BancorpSouth by 27.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 4,419,861 shares of the company’s stock worth $100,286,000 after buying an additional 951,651 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BancorpSouth by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,820,324 shares of the company’s stock worth $86,680,000 after buying an additional 200,626 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in BancorpSouth by 1.6% in the third quarter. Fisher Asset Management LLC now owns 2,954,533 shares of the company’s stock worth $68,545,000 after buying an additional 46,124 shares during the last quarter. Institutional investors own 64.06% of the company’s stock.

BancorpSouth Company Profile

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