BancorpSouth (BXS) Down 3.3% Since Last Earnings Report: Can It Rebound?

Featured Story

“Beware of the scribes, who like to walk around in long robes, and love greetings in the marketplaces and the best seats in the synagogues and the places of honor at feasts, who devour widows’ houses and for a pretense make long prayers.”

They will receive the greater condemnation” (Luke 20:46-47). Here the sin is not the audible nature of the prayer but its pretentiousness. Jesus condemns the hypocrisy of pretending to have a relationship with God while oppressing the very people He loves.

Black Hills (BKH) Is Up 1.18% in One Week: What You Should Know

Does Black Hills (BKH) have what it takes to be a top stock pick for momentum investors? Let’s find out.

A month has gone by since the last earnings report for BancorpSouth (BXS). Shares have lost about 3.3% in that time frame, under-performing the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is BancorpSouth due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

BancorpSouth Q1 Earnings Top Estimates, Costs Up

BancorpSouth reported first-quarter 2019 net operating earnings of 56 cents per share, surpassing the Zacks Consensus Estimate of 54 cents. Also, the bottom line increased 3.7% from the prior-year quarter.

Results were driven by an improvement in net interest revenues, net interest margin and lower provisions. However, non-interest income and higher expenses were headwinds.

The company’s net income for the first quarter amounted to $51.6 million compared with $53.5 million reported in the year-ago quarter.

Revenues Decline, Expenses Rise, Deposits Improve

Net revenues for the reported quarter decreased slightly year over year to $216.8 million. Further, the revenue figure missed the Zacks Consensus Estimate of $221.2 million.

Net interest revenues for the quarter came in at $152.6 million, up 10.5% year over year. Fully-taxable equivalent NIM was 3.86%, expanding 19 basis points (bps) year over year.

Non-interest revenues decreased 18.6% year over year to $64.2 million. However, the figure included a negative mortgage servicing rights valuation adjustment of $4.9 million. The downside mainly resulted from lower mortgage banking and other revenues.

Non-interest expenses came in at $150 million, up 1.5% from the year-ago quarter. The upswing stemmed from the impact of elevated salaries and employee benefits, net occupancy, equipment and deposit insurance assessments.

As of Mar 31, 2019, total deposits were $14.7 billion, up 4.4% sequentially, while loans and leases, net of unearned income, edged down to $13.1 billion.

Credit Quality: A Mixed Bag

Non-performing loans and leases were 0.67% of net loans and leases as of Mar 31, 2019, up from 0.66% as of Mar 31, 2018. Annualized net charge-offs, as a percentage of average loans and leases, increased to 0.12% from net recoveries of 0.01% recorded as of Mar 31, 2018. However, allowance for credit losses to net loans and leases was 0.89%, marginally down from 0.97% registered in the year-ago quarter.

Non-performing assets were nearly $97 million, up from the prior-year quarter’s $90.9 million. However, the company recorded provision for credit losses of $0.5 million compared with the $1 million reported in the year-ago quarter.

Strong Capital Ratios

As of Mar 31, 2019, tier I capital and tier I leverage capital was 10.79% and 11.60%, down from 11.30% and 12.18%, respectively, witnessed at the end of the prior-year quarter.

The ratio of its total shareholders’ equity to total assets was 12.16% at the end of the Mar-end quarter, up from 11.99% as of Mar 31, 2018. However, the ratio of tangible shareholders’ equity to tangible assets shrunk 28 bps to 8.41%.

Share Repurchases

During the reported quarter, the company repurchased 1 million common shares at a weighted average price of $27.60 per share.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed an upward trend in fresh estimates.

VGM Scores

Currently, BancorpSouth has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren’t focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, BancorpSouth has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.



Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
BancorpSouth Bank (BXS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Source

What’s in Bancorpsouth Bank (NYSE:BXS) After Decline in Shorted Shares?

Investors sentiment is 0 in 2018 Q4. Its the same as in 2018Q3. It is flat, as 0 investors sold BancorpSouth Bank shares while 0 reduced holdings. only 0 funds opened positions while 1 raised stakes. 19,260 shares or 101.27% more from 9,569 shares in 2018Q3 were reported.
Fruth Invest holds 0.12% or 9,500 shares in its portfolio. Gemmer Asset Mgmt Ltd Liability invested in 0% or 130 shares.

The stock of Bancorpsouth Bank (NYSE:BXS) registered a decrease of 2.38% in short interest. BXS’s total short interest was 4.93 million shares in May as published by FINRA. Its down 2.38% from 5.05M shares, reported previously. With 609,800 shares average volume, it will take short sellers 8 days to cover their BXS’s short positions.

The stock increased 0.49% or $0.14 during the last trading session, reaching $28.85. About 460,344 shares traded. BancorpSouth Bank (NYSE:BXS) has risen 1.65% since May 17, 2018 and is uptrending. It has underperformed by 2.72% the S&P500.

BancorpSouth, Inc. operates as a financial holding firm for BancorpSouth Bank that provides commercial banking and financial services to individuals and small-to-medium size businesses. The company has market cap of $2.92 billion. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. It has a 13.05 P/E ratio. The firm 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.

More notable recent BancorpSouth Bank (NYSE:BXS) news were published by: Zacks.com which released: “Why BancorpSouth (BXS) is a Great Dividend Stock Right Now – Zacks.com” on April 08, 2019, also Seekingalpha.comwith their article: “BancorpSouth Bank’s (BXS) CEO James Rollins on Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” published on April 19, 2018, Seekingalpha.com published: “BancorpSouth completes merger with Icon Capital – Seeking Alpha” on October 01, 2018. More interesting news about BancorpSouth Bank (NYSE:BXS) were released by: Seekingalpha.com and their article: “BancorpSouth Inc 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on January 24, 2019 as well as Prnewswire.com‘s news article titled: “BancorpSouth Receives Regulatory Approval of its Mergers with Dallas, Texas-based Casey Bancorp, Inc. and Jackson, Alabama-based Merchants Trust, Inc. – PRNewswire” with publication date: March 18, 2019.

BancorpSouth Bank (NYSE:BXS) Ratings Chart

Source

BankstersCrime

StevieRay Hansen
Editor, Bankster Crime

MY MISSION IS NOT TO CONVINCE YOU, ONLY TO INFORM…

#Fraud #Banks #Money #Corruption #Bankers

Don't Miss

Central Banks Are Destroying What Was Left Of Free Markets

By StevieRay Hansen

President Reagan memorably said that the nine words you don’t want to hear are “I’m from the government, and I’m here to help.” Governments in all…

Read More

Bankruptcy Tsunami Begins: Thousands Of Default Notices Are “Flying Out The Door”

By StevieRay Hansen

Two weeks ago, when showing the uncanny correlation between defaults and the unemployment rates, we predicted that the number of Chapter 11 filings that is…

Read More

Snyder: Fear Of COVID-19 Has Absolutely Destroyed America’s Future

By StevieRay Hansen

Authored by Michael Snyder via The End of The American Dream blog, Very few people are talking about it, and even fewer are bothering to…

Read More

Wall Street Caught Short Again As “Money Printer Go BRRRRRR To 11”

By StevieRay Hansen

With US stocks soaring to start the week on the combination of Powell’s 60 Minutes affirmation that the Fed’s money printer go BRRRRR to 11 (as Nomura’s Charlie McElligott…

Read More

The National Debt Clock Is Flashing A Major Red Alert!

By StevieRay Hansen

The National Debt Clock is flashing a major warning, Red Alert! this morning while working on another article I happened to glance at this indicator…

Read More

Snyder: It’s Much Worse Than You Are Being Told

By StevieRay Hansen

For a long time I warned that our economic bubble would burst and that we would plunge into a nightmarish economic collapse.  Now it has…

Read More

BoE Warns Of Worst Economic Slump In 300 Years

By StevieRay Hansen

The Bank of England’s Monetary Policy Committee (MPC) “voted unanimously” to keep the banking rate at 0.1% and left its bond-buying program unchanged despite the country’s worst economic slump…

Read More

Brace For A Monday Massacre: Buffett Liquidates All Airline Holdings As Berkshire Sees Another Leg Lower

By StevieRay Hansen

Well, it’s official: there won’t be any “Buy American” op-eds by the Oracle of Omaha this time around. In fact, if anything, they will be…

Read More

“We Are Moving Into The End-Game”: 27 Tankers Anchored Off California, Hundreds Off Singapore As Oil Industry Shuts Down

By StevieRay Hansen

Back in the late fall of 2014, when Saudi Arabia broke up OPEC for the first time and unleashed a torrent of crude oil on…

Read More

Front-Month WTI Crude Crashes Below Zero For First Time Ever

By StevieRay Hansen

Over the last several decades, have we ever seen a year start as strangely as 2020 has? Global weather patterns have gone completely nuts, large…

Read More