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.
BXS has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price objective on shares of 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 lowered shares of BancorpSouth from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Keefe, Bruyette & Woods raised shares of BancorpSouth from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $25.00 in a research report on Thursday, June 30th. FBR & Co reaffirmed a “buy” rating on shares of BancorpSouth in a research report on Saturday, July 9th. Finally, Raymond James Financial Inc. lowered shares of 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 given a hold rating and three have given a buy rating to the company. BancorpSouth presently has a consensus rating of “Hold” and an average price target of $24.71.
Shares of BancorpSouth (NYSE:BXS) opened at 23.09 on Monday. BancorpSouth has a 52-week low of $18.69 and a 52-week high of $27.23. The stock has a market capitalization of $2.18 billion, a PE ratio of 19.42 and a beta of 1.20. The stock’s 50 day moving average is $23.89 and its 200 day moving average is $23.12.
BancorpSouth (NYSE:BXS) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. BancorpSouth had a net margin of 15.25% and a return on equity of 8.36%. During the same quarter in the previous year, the company posted $0.41 earnings per share.
Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors L.L.C. acquired a new stake in BancorpSouth during the first quarter valued at about $526,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of BancorpSouth by 3.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,964 shares of the company’s stock valued at $788,000 after buying an additional 1,350 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of BancorpSouth by 40.4% in the first quarter. TIAA CREF Investment Management LLC now owns 439,936 shares of the company’s stock valued at $9,375,000 after buying an additional 126,494 shares during the period. Prudential Financial Inc. increased its position in shares of BancorpSouth by 226.2% in the first quarter. Prudential Financial Inc. now owns 180,832 shares of the company’s stock valued at $3,854,000 after buying an additional 125,400 shares during the period. Finally, BlackRock Inc. increased its position in shares of BancorpSouth by 12.0% in the first quarter. BlackRock Inc. now owns 33,836 shares of the company’s stock valued at $721,000 after buying an additional 3,628 shares during the period. 62.98% of the stock is 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 shares were sold at an average price of $24.01, for a total value of $109,077.43. Following the completion of the sale, the insider now owns 26,900 shares of the company’s stock, valued at $645,869. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.93% of the stock is currently owned by insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were given a $0.125 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.17%. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.10. BancorpSouth’s dividend payout ratio is presently 42.02%.