BancorpSouth Bank (NYSE:BXS) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

BancorpSouth Bank (NYSE:BXS) posted its quarterly earnings data on Sunday. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07, Briefing.com reports. BancorpSouth Bank had a net margin of 19.81% and a return on equity of 9.37%. During the same quarter in the prior year, the company earned $0.65 EPS.

Shares of NYSE:BXS traded down $1.22 during midday trading on Tuesday, reaching $29.03. 18,630 shares of the company’s stock traded hands, compared to its average volume of 444,073. BancorpSouth Bank has a 1 year low of $17.21 and a 1 year high of $30.76. The company has a market cap of $2.98 billion, a P/E ratio of 14.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.77 and a current ratio of 0.79. The company has a fifty day simple moving average of $28.66 and a two-hundred day simple moving average of $24.19.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 4th. Stockholders of record on Tuesday, December 15th were given a dividend of $0.19 per share. This is a positive change from BancorpSouth Bank’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, December 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.62%. BancorpSouth Bank’s dividend payout ratio (DPR) is 30.28%.

BXS has been the topic of several recent analyst reports. Raymond James restated a “neutral” rating on shares of BancorpSouth Bank in a report on Thursday, December 10th. Stephens upgraded shares of BancorpSouth Bank from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $25.00 to $28.00 in a report on Wednesday, October 21st. TheStreet upgraded shares of BancorpSouth Bank from a “c+” rating to a “b” rating in a report on Monday, November 9th. Piper Sandler cut their price target on shares of BancorpSouth Bank from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Finally, DA Davidson downgraded shares of BancorpSouth Bank from a “buy” rating to a “neutral” rating and increased their price target for the stock from $27.00 to $29.00 in a report on Monday, November 16th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. BancorpSouth Bank presently has a consensus rating of “Hold” and a consensus target price of $25.57.

About BancorpSouth Bank

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 offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits.

Further Reading: Resistance Level

Earnings History for BancorpSouth Bank (NYSE:BXS)

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