Bancorpsouth Bank (BXS) Releases Earnings Results, Beats Expectations By $0.01 EPS

Bancorpsouth Bank (NYSE:BXS) released its quarterly earnings results on Wednesday. The bank reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01, Fidelity Earnings reports. The business had revenue of $213.75 million for the quarter, compared to analysts’ expectations of $216.90 million. Bancorpsouth Bank had a return on equity of 10.38% and a net margin of 23.71%. During the same quarter in the prior year, the firm posted $0.43 EPS.

BXS opened at $29.22 on Friday. Bancorpsouth Bank has a 1-year low of $29.15 and a 1-year high of $35.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market capitalization of $2.79 billion, a P/E ratio of 14.83 and a beta of 1.41.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from Bancorpsouth Bank’s previous quarterly dividend of $0.14. Bancorpsouth Bank’s dividend payout ratio is currently 40.72%.

A number of research firms recently weighed in on BXS. Stephens restated a “buy” rating and issued a $37.00 price target on shares of Bancorpsouth Bank in a report on Monday, August 27th. Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a report on Sunday, September 30th. Finally, Zacks Investment Research upgraded Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $36.17.

Bancorpsouth Bank Company Profile

BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. The company also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.

Read More: Price to Earnings Ratio (PE)

Earnings History for Bancorpsouth Bank (NYSE:BXS)

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