BancorpSouth (BXS) Posts Quarterly Results
BancorpSouth (NYSE:BXS) announced its earnings results on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01, Analyst RN reports. During the same quarter in the previous year, the company posted $0.18 earnings per share.
A number of analysts have recently weighed in on BXS shares. Analysts at Morgan Stanley downgraded shares of BancorpSouth from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday, January 6th. They noted that the move was a valuation call. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of BancorpSouth in a research note to investors on Thursday, January 2nd. They now have a $27.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of BancorpSouth from $23.00 to $26.00 in a research note to investors on Wednesday, December 4th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. BancorpSouth presently has an average rating of “Hold” and an average price target of $21.13.
Shares of BancorpSouth (NYSE:BXS) opened at 25.14 on Thursday. BancorpSouth has a one year low of $14.14 and a one year high of $25.54. The stock’s 50-day moving average is $24.55 and its 200-day moving average is $21.60. The company has a market cap of $2.394 billion and a P/E ratio of 28.41.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of 0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%.
BancorpSouth, Inc is a financial holding company. Through its principal bank subsidiary, BancorpSouth Bank (NYSE:BXS), the Company conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois.
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