BancorpSouth Bank (NYSE:BXS) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

BancorpSouth Bank (NYSE:BXS) issued its earnings results on Thursday. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.14), Fidelity Earnings reports. The business had revenue of $282.13 million during the quarter, compared to the consensus estimate of $268.62 million. BancorpSouth Bank had a net margin of 25.07% and a return on equity of 10.87%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS.

Shares of NYSE BXS traded down $1.18 during midday trading on Thursday, reaching $24.98. The company’s stock had a trading volume of 13,099 shares, compared to its average volume of 827,544. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.73 and a quick ratio of 0.71. BancorpSouth Bank has a fifty-two week low of $18.10 and a fifty-two week high of $35.59. The company has a market cap of $2.56 billion, a PE ratio of 9.76 and a beta of 1.24. The stock has a 50 day simple moving average of $29.14.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 1st. Stockholders of record on Tuesday, June 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.04%. BancorpSouth Bank’s dividend payout ratio (DPR) is presently 33.04%.

Several brokerages have recently issued reports on BXS. DA Davidson raised shares of BancorpSouth Bank from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, June 18th. Raymond James raised shares of BancorpSouth Bank from a “market perform” rating to an “outperform” rating and set a $36.00 price objective on the stock in a research note on Friday, May 14th. Finally, Hovde Group raised shares of BancorpSouth Bank from a “market perform” rating to an “outperform” rating and set a $36.00 price objective on the stock in a research note on Tuesday, April 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.17.

BancorpSouth Bank Company Profile

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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