BancorpSouth, Inc. (NYSE:BXS) issued its quarterly earnings results on Tuesday. The bank reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01, Bloomberg Earnings reports. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The firm had revenue of $186.52 million during the quarter, compared to the consensus estimate of $191.32 million. During the same period last year, the business posted $0.40 EPS. The business’s revenue was up .5% compared to the same quarter last year.
BancorpSouth (BXS) opened at 31.50 on Thursday. BancorpSouth has a 52-week low of $22.65 and a 52-week high of $32.70. The company has a market cap of $2.87 billion, a PE ratio of 19.40 and a beta of 1.43. The stock’s 50 day moving average is $30.67 and its 200-day moving average is $30.13.
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 dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, September 14th. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13. BancorpSouth’s dividend payout ratio is 34.57%.
A number of brokerages have weighed in on BXS. Zacks Investment Research downgraded BancorpSouth from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 price target on shares of BancorpSouth in a report on Thursday, October 12th. Piper Jaffray Companies reiterated a “neutral” rating and set a $31.00 price target on shares of BancorpSouth in a report on Thursday, October 5th. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price target on shares of BancorpSouth in a report on Friday, July 14th. Finally, ValuEngine upgraded BancorpSouth from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Two investment 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 has a consensus rating of “Hold” and an average target price 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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