Wall Street analysts expect BancorpSouth Bank (NYSE:BXS) to announce $211.35 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for BancorpSouth Bank’s earnings, with estimates ranging from $207.00 million to $216.60 million. BancorpSouth Bank reported sales of $185.48 million during the same quarter last year, which indicates a positive year over year growth rate of 13.9%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 18th.
On average, analysts expect that BancorpSouth Bank will report full-year sales of $211.35 million for the current fiscal year, with estimates ranging from $860.70 million to $881.30 million. For the next financial year, analysts forecast that the business will report sales of $908.78 million per share, with estimates ranging from $901.40 million to $924.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for BancorpSouth Bank.
BancorpSouth Bank (NYSE:BXS) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $184.46 million for the quarter, compared to analyst estimates of $187.12 million. BancorpSouth Bank had a return on equity of 9.01% and a net margin of 19.59%. During the same quarter in the previous year, the company earned $0.40 EPS.
Shares of BancorpSouth Bank (NYSE:BXS) opened at $32.70 on Thursday. BancorpSouth Bank has a 52 week low of $27.20 and a 52 week high of $35.55. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2,890.55, a P/E ratio of 19.28 and a beta of 1.46.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, March 14th. BancorpSouth Bank’s payout ratio is currently 33.74%.
Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. raised its holdings in BancorpSouth Bank by 239.4% in the 4th quarter. Meeder Asset Management Inc. now owns 4,415 shares of the bank’s stock valued at $139,000 after acquiring an additional 3,114 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in BancorpSouth Bank by 39.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock valued at $169,000 after acquiring an additional 1,534 shares during the last quarter. Sciencast Management LP acquired a new position in BancorpSouth Bank in the 4th quarter valued at $210,000. Oakbrook Investments LLC acquired a new position in BancorpSouth Bank in the 3rd quarter valued at $202,000. Finally, Grandfield & Dodd LLC acquired a new position in BancorpSouth Bank in the 3rd quarter valued at $203,000. Institutional investors own 66.19% of the company’s stock.
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BancorpSouth Bank Company Profile
BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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.
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