BancorpSouth, Inc. (BXS) Issues Earnings Results
BancorpSouth, Inc. (NYSE:BXS) posted its earnings results on Thursday. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01, Bloomberg Earnings reports. The company had revenue of $186.52 million for the quarter, compared to analysts’ expectations of $191.32 million. BancorpSouth had a return on equity of 8.98% and a net margin of 19.59%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share.
Shares of BancorpSouth (NYSE:BXS) opened at 32.35 on Friday. The company’s 50 day moving average is $30.85 and its 200-day moving average is $30.16. BancorpSouth has a 52 week low of $22.85 and a 52 week high of $32.70. The company has a market capitalization of $2.94 billion, a PE ratio of 19.92 and a beta of 1.43.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were paid a dividend of $0.14 per share. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 14th. BancorpSouth’s payout ratio is currently 33.94%.
BXS has been the topic of a number of recent research reports. Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Wednesday, August 2nd. Stephens set a $35.00 target price on BancorpSouth and gave the company a “buy” rating in a research note on Thursday, July 27th. ValuEngine upgraded BancorpSouth from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Jefferies Group LLC restated a “hold” rating and set a $33.00 price objective on shares of BancorpSouth in a research note on Friday, August 11th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $31.00 price objective on shares of BancorpSouth in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $33.00.
ILLEGAL ACTIVITY NOTICE: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.watchlistnews.com/bancorpsouth-inc-bxs-issues-earnings-results/1645550.html.
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.
Receive News & Ratings for BancorpSouth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancorpSouth Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.