BancorpSouth, Inc. (BXS) Issues Quarterly Earnings Results
BancorpSouth, Inc. (NYSE:BXS) posted its quarterly earnings results on Tuesday. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01, Bloomberg Earnings reports. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. The firm had revenue of $186.52 million for the quarter, compared to analyst estimates of $191.32 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year.
Shares of BancorpSouth (NYSE:BXS) traded down 0.16% during trading on Wednesday, hitting $31.50. 720,598 shares of the stock traded hands. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 19.40 and a beta of 1.43. The stock has a 50 day moving average price of $30.67 and a 200-day moving average price of $30.13. BancorpSouth has a 1-year low of $22.65 and a 1-year high of $32.70.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 1.78%. BancorpSouth’s dividend payout ratio is presently 34.57%.
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Several research firms have issued reports on BXS. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price target on shares of BancorpSouth in a research report on Friday, August 11th. ValuEngine raised shares of BancorpSouth from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth in a research report on Thursday, July 20th. Finally, Stephens set a $35.00 price target on shares of BancorpSouth and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. BancorpSouth currently 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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