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

BancorpSouth Bank (NYSE:BXS) announced its quarterly earnings results on Tuesday. The bank reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14, MarketWatch Earnings reports. BancorpSouth Bank had a return on equity of 9.37% and a net margin of 19.81%. During the same period in the previous year, the firm posted $0.33 earnings per share.

Shares of BXS stock traded down $0.67 during mid-day trading on Thursday, hitting $28.97. 21,973 shares of the stock were exchanged, compared to its average volume of 547,857. The company has a market cap of $2.97 billion, a PE ratio of 14.11 and a beta of 1.32. BancorpSouth Bank has a 52-week low of $17.21 and a 52-week high of $35.59. The firm has a fifty day moving average of $32.58 and a 200 day moving average of $28.45. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.12.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, March 12th. BancorpSouth Bank’s payout ratio is 30.28%.

Separately, Hovde Group raised BancorpSouth Bank from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research note on Tuesday, April 13th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.57.

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 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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