BancorpSouth, Inc. (NYSE:BXS) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 19th. Analysts expect BancorpSouth to post earnings of $0.40 per share for the quarter.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings data on Wednesday, April 19th. The bank reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $185.48 million for the quarter, compared to analyst estimates of $186.40 million. BancorpSouth had a net margin of 19.19% and a return on equity of 8.65%. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, analysts expect BancorpSouth to post $1.64 EPS for the current fiscal year and $1.91 EPS for the next fiscal year.
BancorpSouth, Inc. (NYSE BXS) opened at 30.30 on Tuesday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 19.21 and a beta of 1.40. The stock has a 50 day moving average of $29.70 and a 200 day moving average of $30.34. BancorpSouth, Inc. has a 12 month low of $22.23 and a 12 month high of $32.40.
The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, June 13th. BancorpSouth’s dividend payout ratio (DPR) is currently 31.65%.
A number of brokerages recently issued reports on BXS. Jefferies Group LLC restated a “hold” rating and issued a $33.00 price objective on shares of BancorpSouth in a research note on Friday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $32.00 price objective on shares of BancorpSouth in a research note on Wednesday, April 5th. Stephens restated a “buy” rating on shares of BancorpSouth in a research note on Wednesday, April 19th. ValuEngine upgraded BancorpSouth from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, BidaskClub cut BancorpSouth from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.50.
In related news, Director James Elbert Campbell III purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average cost of $28.93 per share, for a total transaction of $202,510.00. Following the completion of the transaction, the director now directly owns 133,392 shares in the company, valued at approximately $3,859,030.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.63% of the company’s stock.
BancorpSouth Company Profile
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.
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