FIG Partners Equities Analysts Lift Earnings Estimates for BancorpSouth, Inc. (BXS)

Paterniano Del Favero
Luglio 28, 2017

"(NYSE:BXS)" was first reported by BBNS and is owned by of BBNS.

It is trading at $30.25 which is marginally under $30.38, the stock's 50 day moving average and which is marginally lower than the 200 day moving average of $30.33. Finally, Great Lakes Advisors LLC boosted its stake in shares of BancorpSouth by 20.0% in the first quarter. JPMorgan Chase & Co. now owns 1,896,088 shares of the bank's stock valued at $57,356,000 after buying an additional 692,989 shares during the last quarter. US Bancorp DE increased its stake in BancorpSouth by 16.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 29,467 shares of the bank's stock valued at $891,000 after buying an additional 400 shares during the last quarter. Advantus Capital Management Inc increased its position in BancorpSouth by 3.1% in the first quarter. BancorpSouth Inc had 21 analyst reports since July 22, 2015 according to SRatingsIntel.

Shares of BancorpSouth (NYSE BXS) traded down 0.64% during mid-day trading on Monday, hitting $31.05.

BancorpSouth, Inc.'s P/E ratio is 18.63 and market cap is 2.75B. The company has a 50-day moving average price of $30.21 and a 200-day moving average price of $30.35.

BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.02. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The business had revenue of $185.61 million during the quarter, compared to analysts' expectations of $187.78 million. During the same period a year ago, the firm posted $0.39 earnings per share. On average, equities research analysts anticipate that BancorpSouth, Inc. will post $1.66 EPS for the current fiscal year. Investors of record on Thursday, June 15th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, June 13th.

BancorpSouth, Inc. recently declared a dividend for shareholders paid on Monday July 3rd, 2017. The stock declined 1.92% or $0.6 reaching $30.65 on the news. BancorpSouth has a dividend payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. (NYSE:BXS). Mutual Of America Capital Ltd Liability Corp holds 63,880 shares or 0.04% of its portfolio. If you are reading this article on another website, it was stolen and republished in violation of United States & worldwide trademark & copyright legislation. The legal version of this report can be accessed at https://transcriptdaily.com/2017/07/28/bancorpsouth-inc-nysebxs-shares-sold-by-teachers-retirement-system-of-the-state-of-kentucky.html.

A number of research firms have recently commented on BXS. BidaskClub raised shares of BancorpSouth from a "sell" rating to a "hold" rating in a research report on Friday, June 16th. Piper Jaffray Companies reaffirmed a "hold" rating and set a $31.00 price target on shares of BancorpSouth in a research report on Friday, July 21st. Finally, Jefferies Group LLC reissued a "hold" rating and set a $33.00 price target on shares of BancorpSouth in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. BancorpSouth has a consensus rating of "Hold" and an average target price of $31.00.

James Elbert Iii Campbell, Director disclosed the purchase of 7,000 shares of BXS stock. The shares were purchased at an average cost of $28.93 per share, for a total transaction of $202,510.00. Following the completion of the acquisition, the director now owns 133,392 shares in the company, valued at approximately $3,859,030.56. Insiders own 2.63% of the company's stock. BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc., operates 234 full service branch locations as well additional mortgage, insurance, and loan production offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in IL. The Company, through its principal bank subsidiary, BancorpSouth Bank, conducts commercial banking and financial services activities in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and IL.

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