Earnings from BancorpSouth Bank [BXS] are scheduled on April 21, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
BXS Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.63 per share on revenue of $257.61M. Taking a look at the future, the company is projected to report revenue of $268.9M at an earnings per share of $0.61 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 50.30% in revenue and 27.72% in earnings per share for the company.
BXS Stock Earnings Forecast For The Current Year
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For the full financial year, BancorpSouth Bank [NYSE:BXS] is forecasted to generate revenue of $1.2B. The figure is about $170.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.34 in 2021, which is -$0.82 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -38.00% this year, 89.60% next year, and 5.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 17.20% in current fiscal year and 50.30% over following year.
BXS Stock Price Performance
At recent check today, BancorpSouth Bank [NYSE:BXS] finished up 0.27% at $29.28. The stock’s day high price was $30.61, and its lowest was $28.94. Its price fall -3.44% in the last five days. Since the beginning of the year, BancorpSouth Bank’s shares are up nearly 6.41%. However, the share price is -17.73% below its one year high. The top price reached by the shares of the company was $35.59 on 03/18/21, while the 52-week low came on 01/04/21, when the shares were $26.95. In the past year, shares of the company have risen 42.02%. At 50 days, the moving average achieved is $31.74 while at 200 days, the moving average is $26.19. There were 0.22 million shares traded in the last session, down from 0.96 million in the previous session.
BancorpSouth Bank [NYSE:BXS] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 13.76, BancorpSouth Bank [BXS] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 13.12 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.82 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.71 for the industry, which means BXS offers an unattractive investment opportunity than its competitors do.
BXS Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 29.33 level, and the violation of this level will cause a further drop to 28.56 level. At the upper end, 31.90 remains a key resistance. As the stock increases, it may find resistance at 31.25. In the 14-day chart, the Relative Strength Index standing at 34.19 suggests a technical neutral stance while the MACD standing at -1.37 indicates price will decrease in the next trading period. Stochastic %K at 20.90% suggests holding the stock while Percent R indicator at 84.90% suggests bearish price movement.
How much is the short interest in BancorpSouth Bank?
There have been a drop in short interest in the BancorpSouth Bank Financial stock, with short interest down by -0.28 million shares to 1.54 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 1.26 million shares. This 18.18% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 1.29% of the overall float in the stock, while the stock’s days to cover moved to 2.48.
How do analysts view BancorpSouth Bank?
In regard to the share price forecast for BancorpSouth Bank stock, the analysts, as surveyed by FactSet, forecast the price to reach $35.00 in the next twelve months, representing almost an 16.34% growth from its recent price of $29.28. Among BancorpSouth Bank stock projections, $37.00 is the highest analyst target for the stock, while $34.00 is the lowest. Despite this, 10 analysts who share their consensus rating for BXS in 2021 agree that the stock is an Overweight. The latest rating change took place on 11/16/20, when DA Davidson Ratings downgraded the stock from “Buy” to “Neutral.”