BancorpSouth Bank (BXS) Stock Price Up 5.7% Following Strong Earnings

BancorpSouth Bank (NYSE:BXS) shares were up 5.7% during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $32.75 and last traded at $32.60. Approximately 1,342,724 shares changed hands during trading, an increase of 87% from the average daily volume of 716,290 shares. The stock had previously closed at $30.85.

The bank reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. BancorpSouth Bank had a net margin of 19.59% and a return on equity of 9.01%. The company had revenue of $217.01 million for the quarter, compared to analyst estimates of $210.65 million. During the same quarter last year, the firm posted $0.39 earnings per share.

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The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio is 33.53%.



A number of equities analysts have recently commented on BXS shares. Stephens reissued a “buy” rating and issued a $39.00 price target on shares of BancorpSouth Bank in a research report on Friday, January 26th. Brean Capital reissued a “hold” rating on shares of BancorpSouth Bank in a research report on Thursday, January 25th. Piper Jaffray reissued a “hold” rating and issued a $35.00 price target on shares of BancorpSouth Bank in a research report on Tuesday, January 9th. Zacks Investment Research lowered shares of BancorpSouth Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, ValuEngine lowered shares of BancorpSouth Bank from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. BancorpSouth Bank has an average rating of “Hold” and an average price target of $34.13.

Several institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB acquired a new stake in shares of BancorpSouth Bank in the fourth quarter worth $244,000. MetLife Investment Advisors LLC acquired a new stake in shares of BancorpSouth Bank in the fourth quarter worth $2,878,000. Westwood Holdings Group Inc. acquired a new stake in shares of BancorpSouth Bank in the fourth quarter worth $877,000. Sciencast Management LP acquired a new stake in shares of BancorpSouth Bank in the fourth quarter worth $210,000. Finally, Paloma Partners Management Co grew its stake in shares of BancorpSouth Bank by 9.1% in the fourth quarter. Paloma Partners Management Co now owns 25,511 shares of the bank’s stock worth $802,000 after acquiring an additional 2,128 shares during the last quarter. Institutional investors and hedge funds own 66.83% of the company’s stock.

The company has a market capitalization of $2,809.26, a PE ratio of 19.52 and a beta of 1.42. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.02.

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About BancorpSouth Bank

BancorpSouth Bank operates as a financial holding company for BancorpSouth Bank that 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.

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