Bancorpsouth Bank to Post Q1 2020 Earnings of $0.59 Per Share, Jefferies Financial Group Forecasts (BXS)

Bancorpsouth Bank (NYSE:BXS) – Research analysts at Jefferies Financial Group issued their Q1 2020 EPS estimates for shares of Bancorpsouth Bank in a research note issued on Wednesday, April 24th. Jefferies Financial Group analyst C. Haire expects that the bank will post earnings of $0.59 per share for the quarter. Jefferies Financial Group also issued estimates for Bancorpsouth Bank’s Q2 2020 earnings at $0.65 EPS, Q3 2020 earnings at $0.65 EPS and Q4 2020 earnings at $0.62 EPS.

Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings results on Wednesday, April 17th. The bank reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The business had revenue of $216.77 million for the quarter, compared to analyst estimates of $221.20 million. Bancorpsouth Bank had a return on equity of 10.34% and a net margin of 23.10%. During the same quarter in the previous year, the firm earned $0.54 EPS.

BXS has been the topic of a number of other research reports. Zacks Investment Research raised Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, March 12th. Stephens lowered Bancorpsouth Bank from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $33.00 to $32.00 in a research note on Wednesday, March 6th. ValuEngine raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.50.

BXS stock traded up $0.14 during trading on Friday, hitting $30.06. The company had a trading volume of 25,133 shares, compared to its average volume of 559,493. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 13.48 and a beta of 1.44. Bancorpsouth Bank has a fifty-two week low of $24.31 and a fifty-two week high of $35.45.

A number of institutional investors have recently bought and sold shares of BXS. Founders Capital Management acquired a new position in Bancorpsouth Bank in the fourth quarter worth $26,000. Oregon Public Employees Retirement Fund raised its position in shares of Bancorpsouth Bank by 2,755.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 928,911 shares of the bank’s stock worth $36,000 after acquiring an additional 896,376 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of Bancorpsouth Bank during the fourth quarter worth $43,000. NumerixS Investment Technologies Inc raised its position in shares of Bancorpsouth Bank by 480.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 2,900 shares of the bank’s stock worth $75,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Bancorpsouth Bank during the first quarter worth $101,000. 72.86% of the stock is currently owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Thursday, June 13th. Bancorpsouth Bank’s dividend payout ratio is currently 30.49%.

About Bancorpsouth Bank

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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