Bancorpsouth Bank (NYSE:BXS) announced its quarterly earnings results on Wednesday, April 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02, Bloomberg Earnings reports. Bancorpsouth Bank had a net margin of 23.10% and a return on equity of 10.34%. The firm had revenue of $216.77 million during the quarter, compared to analysts’ expectations of $221.20 million. During the same period in the prior year, the company posted $0.54 EPS.
BXS opened at $29.79 on Friday. Bancorpsouth Bank has a fifty-two week low of $24.31 and a fifty-two week high of $35.45. The stock has a market cap of $2.78 billion, a P/E ratio of 13.36 and a beta of 1.46.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, June 13th. Bancorpsouth Bank’s payout ratio is currently 30.49%.
BXS has been the subject of several recent research reports. ValuEngine cut shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Stephens cut shares of Bancorpsouth Bank from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $33.00 to $32.00 in a research report on Wednesday, March 6th. Brean Capital reiterated a “hold” rating on shares of Bancorpsouth Bank in a research report on Friday, January 25th. Finally, Zacks Investment Research upgraded shares of Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Bancorpsouth Bank currently has a consensus rating of “Hold” and an average price target of $32.50.
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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.
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