BancorpSouth, Inc. (BXS) Set to Announce Quarterly Earnings on Tuesday
BancorpSouth, Inc. (NYSE:BXS) will be announcing its earnings results after the market closes on Tuesday, October 17th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings data on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The firm had revenue of $185.61 million for the quarter, compared to analyst estimates of $187.78 million. During the same period in the prior year, the firm posted $0.39 EPS. On average, analysts expect BancorpSouth to post $1.66 EPS for the current fiscal year and $1.91 EPS for the next fiscal year.
BancorpSouth, Inc. (NYSE:BXS) opened at 31.95 on Tuesday. BancorpSouth, Inc. has a one year low of $22.23 and a one year high of $32.70. The firm has a 50-day moving average price of $30.13 and a 200-day moving average price of $30.04. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 19.67 and a beta of 1.43.
The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a $0.14 dividend. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, September 14th. BancorpSouth’s dividend payout ratio (DPR) is currently 34.57%.
A number of analysts have issued reports on BXS shares. Zacks Investment Research raised BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, August 2nd. ValuEngine raised BancorpSouth from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Stephens set a $35.00 target price on BancorpSouth and gave the stock a “buy” rating in a research report on Thursday, July 27th. Piper Jaffray Companies reissued a “hold” rating and issued a $31.00 target price on shares of BancorpSouth in a research report on Friday, July 21st. Finally, BidaskClub upgraded BancorpSouth from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.67.
BancorpSouth Company Profile
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.
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