BancorpSouth Bank (NYSE:BXS) Announces Quarterly Earnings Results


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BancorpSouth Bank (NYSE:BXS) released its quarterly earnings data on Wednesday. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.14, MarketWatch Earnings reports. BancorpSouth Bank had a return on equity of 9.37% and a net margin of 19.81%. During the same period in the previous year, the business earned $0.33 earnings per share.

BXS stock traded down $0.35 during trading hours on Thursday, hitting $29.29. 917 shares of the stock were exchanged, compared to its average volume of 547,857. BancorpSouth Bank has a 12 month low of $17.21 and a 12 month high of $35.59. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.00 billion, a P/E ratio of 14.11 and a beta of 1.32. The company has a 50-day simple moving average of $32.58 and a two-hundred day simple moving average of $28.45.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 15th were paid a $0.19 dividend. The ex-dividend date was Friday, March 12th. This represents a $0.76 annualized dividend and a yield of 2.59%. BancorpSouth Bank’s dividend payout ratio (DPR) is presently 30.28%.

Separately, Hovde Group raised BancorpSouth Bank from a “market perform” rating to an “outperform” rating and set a $36.00 price target for the company in a report on Tuesday, April 13th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. BancorpSouth Bank has a consensus rating of “Hold” and a consensus target price of $27.57.

About BancorpSouth Bank

BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. The company operates through Banking Services Group, Mortgage, Insurance Agencies, Wealth Management, and General Corporate and Other segments. It accepts various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits.

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Earnings History for BancorpSouth Bank (NYSE:BXS)

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