Analysts Expect Bancorpsouth Bank (BXS) Will Announce Quarterly Sales of $216.92 Million

Brokerages expect that Bancorpsouth Bank (NYSE:BXS) will report $216.92 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Bancorpsouth Bank’s earnings, with the lowest sales estimate coming in at $213.40 million and the highest estimate coming in at $219.20 million. Bancorpsouth Bank reported sales of $186.52 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.3%. The business is expected to announce its next earnings report on Wednesday, October 17th.

According to Zacks, analysts expect that Bancorpsouth Bank will report full-year sales of $872.72 million for the current year, with estimates ranging from $856.20 million to $882.20 million. For the next financial year, analysts anticipate that the firm will report sales of $942.30 million, with estimates ranging from $917.30 million to $957.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Bancorpsouth Bank.

Bancorpsouth Bank (NYSE:BXS) last announced its earnings results on Wednesday, July 18th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. Bancorpsouth Bank had a return on equity of 9.90% and a net margin of 21.59%. The business had revenue of $214.58 million for the quarter, compared to analyst estimates of $214.20 million. During the same period in the previous year, the company earned $0.42 earnings per share.

BXS has been the topic of a number of analyst reports. Zacks Investment Research lowered Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. ValuEngine lowered Bancorpsouth Bank from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a report on Monday, August 6th. Finally, Stephens reissued a “buy” rating and issued a $37.00 price objective on shares of Bancorpsouth Bank in a report on Monday, August 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.57.

Institutional investors have recently made changes to their positions in the stock. Zeke Capital Advisors LLC bought a new stake in Bancorpsouth Bank in the second quarter valued at about $202,000. Sei Investments Co. increased its holdings in Bancorpsouth Bank by 29,870.8% in the first quarter. Sei Investments Co. now owns 7,193 shares of the bank’s stock valued at $229,000 after buying an additional 7,169 shares during the last quarter. Trexquant Investment LP bought a new stake in Bancorpsouth Bank in the second quarter valued at about $252,000. Strs Ohio increased its holdings in Bancorpsouth Bank by 56.9% in the second quarter. Strs Ohio now owns 9,100 shares of the bank’s stock valued at $299,000 after buying an additional 3,300 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in Bancorpsouth Bank by 58.0% in the first quarter. Xact Kapitalforvaltning AB now owns 12,260 shares of the bank’s stock valued at $390,000 after buying an additional 4,500 shares during the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE BXS opened at $33.60 on Wednesday. Bancorpsouth Bank has a 1 year low of $30.25 and a 1 year high of $35.55. The stock has a market cap of $3.08 billion, a PE ratio of 20.12 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.86.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be issued a $0.17 dividend. This is a positive change from Bancorpsouth Bank’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, September 13th. Bancorpsouth Bank’s payout ratio is currently 40.72%.

Bancorpsouth Bank Company Profile

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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Earnings History and Estimates for Bancorpsouth Bank (NYSE:BXS)

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