Bancorpsouth Bank (BXS) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Bancorpsouth Bank (NYSE:BXS) posted its quarterly earnings results on Wednesday. The bank reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01, Fidelity Earnings reports. Bancorpsouth Bank had a net margin of 21.59% and a return on equity of 9.90%. During the same quarter in the previous year, the company posted $0.43 EPS.

Bancorpsouth Bank stock opened at $30.85 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.86. Bancorpsouth Bank has a 12 month low of $29.36 and a 12 month high of $35.55. The firm has a market cap of $2.95 billion, a PE ratio of 18.45 and a beta of 1.42.

The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were issued a dividend of $0.17 per share. This is a boost from Bancorpsouth Bank’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, September 13th. Bancorpsouth Bank’s payout ratio is currently 40.72%.

BXS has been the topic of several research analyst reports. Zacks Investment Research cut shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Stephens restated a “buy” rating and set a $37.00 price target on shares of Bancorpsouth Bank in a report on Monday, August 27th. Finally, Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a report on Monday, August 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Bancorpsouth Bank presently has an average rating of “Hold” and an average price target of $36.17.

Bancorpsouth Bank Company Profile

BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. The company also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.

Further Reading: Technical Analysis of Stocks and What It Means

Earnings History for Bancorpsouth Bank (NYSE:BXS)

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