The Q3 2016 Earnings Estimate for BancorpSouth Inc. (BXS) Issued By Jefferies Group

The Q3 2016 Earnings Estimate for BancorpSouth Inc. (BXS) Issued By Jefferies Group

BancorpSouth Inc. (NYSE:BXS) – Equities researchers at Jefferies Group upped their Q3 2016 earnings estimates for shares of BancorpSouth in a report issued on Friday. Jefferies Group analyst E. Harmon now anticipates that the brokerage will post earnings per share of $0.41 for the quarter, up from their previous estimate 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 topic of a number of other research reports. JPMorgan Chase & Co. cut their target price on shares of BancorpSouth from $24.00 to $23.50 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Zacks Investment Research lowered shares of BancorpSouth from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Keefe, Bruyette & Woods upgraded shares of BancorpSouth from a “market perform” rating to an “outperform” rating and upped their target price for the company from $24.00 to $25.00 in a research note on Thursday, June 30th. FBR & Co restated a “buy” rating on shares of BancorpSouth in a research note 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 note on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. BancorpSouth presently has a consensus rating of “Hold” and an average target price of $24.71.

Shares of BancorpSouth (NYSE:BXS) opened at 23.24 on Monday. The firm has a market cap of $2.20 billion, a PE ratio of 19.55 and a beta of 1.20. The stock’s 50 day moving average price is $23.92 and its 200-day moving average price is $23.07. BancorpSouth has a 52-week low of $18.69 and a 52-week high of $27.23.

BancorpSouth (NYSE:BXS) last posted its earnings results on Wednesday, July 20th. The company reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. BancorpSouth had a return on equity of 8.36% and a net margin of 15.25%. During the same quarter in the previous year, the company earned $0.41 EPS.

Large investors have recently made changes to their positions in the stock. Skyline Asset Management LP raised its stake in shares of BancorpSouth by 3.9% in the first quarter. Skyline Asset Management LP now owns 1,205,100 shares of the company’s stock valued at $25,681,000 after buying an additional 45,200 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of BancorpSouth by 2.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 142,158 shares of the company’s stock valued at $3,029,000 after buying an additional 2,948 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of BancorpSouth by 12.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 3,468,210 shares of the company’s stock valued at $73,907,000 after buying an additional 384,872 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of BancorpSouth by 86.6% in the first quarter. Renaissance Technologies LLC now owns 980,600 shares of the company’s stock valued at $20,897,000 after buying an additional 455,087 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of BancorpSouth by 17.0% in the first quarter. UBS Group AG now owns 84,325 shares of the company’s stock valued at $1,797,000 after buying an additional 12,273 shares during the last quarter. Institutional investors own 62.98% of the company’s stock.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were paid a dividend of $0.125 per share. This is a positive change 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 2.15%. BancorpSouth’s dividend payout ratio is 42.02%.

BancorpSouth Company Profile

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