BancorpSouth, Inc. (NYSE:BXS) issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01, Bloomberg Earnings reports. BancorpSouth had a net margin of 19.59% and a return on equity of 8.98%. The business had revenue of $186.52 million for the quarter, compared to analyst estimates of $191.32 million. During the same quarter in the prior year, the business posted $0.40 EPS. BancorpSouth’s revenue for the quarter was up .5% compared to the same quarter last year.
BancorpSouth (NYSE:BXS) remained flat at $32.25 during trading on Friday. The stock had a trading volume of 505,982 shares. BancorpSouth has a one year low of $22.85 and a one year high of $32.70. The company has a 50-day moving average price of $31.07 and a 200 day moving average price of $30.21. The firm has a market cap of $2.94 billion, a PE ratio of 19.86 and a beta of 1.43.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Thursday, December 14th. BancorpSouth’s dividend payout ratio is currently 33.94%.
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A number of research analysts have issued reports on BXS shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 price objective on shares of BancorpSouth in a research note on Thursday, October 12th. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 price target on shares of BancorpSouth in a report on Friday, July 21st. 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 report on Tuesday, September 19th. Royal Bank Of Canada reissued a “hold” rating and set a $33.00 price target on shares of BancorpSouth in a report on Friday, October 20th. Finally, BidaskClub downgraded shares of BancorpSouth from a “hold” rating to a “sell” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $33.00.
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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