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

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

NYSE:BXS traded down $1.14 on Thursday, reaching $25.02. 11,558 shares of the company’s stock were exchanged, compared to its average volume of 827,544. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.11. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 9.76 and a beta of 1.24. The business has a fifty day simple moving average of $29.14. BancorpSouth Bank has a 52-week low of $18.10 and a 52-week high of $35.59.

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

Several research analysts have recently weighed in on the stock. DA Davidson raised shares of BancorpSouth Bank from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research report 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 target price on the stock in a research report 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 target price on the stock in a research report on Tuesday, April 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price 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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