BancorpSouth Bank (NYSE:BXS) is reporting second quarter financial results on Monday 20th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, BXS is expected to report 2Q20 income of $ 0.35 per share from revenue of $ 250.10 million.
For the full year, analysts anticipate top line of $ 995.34 million, while looking forward to income of $ 1.44 per share bottom line.
Previous Quarter Performance
BancorpSouth Bank posted income for the first quarter of $ 0.33 per share, from the revenue of $ 244.03 million. The quarterly earnings shrunk 36.54 percent while revenues escalated 9.78 percent compared with the same quarter last year. According to street consensus, revenue of $ 243.88 million was expected for the first quarter The top line results outshined analysts by $ 0.15 million or 0.06 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BXS was $ 21.37, representing a 24.17 % increase from the 52 week low of $ 17.21 and a 35.18 % decrease over the 52 week high of $ 32.97.
The company has a market capital of $ 2.19 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 8th June 2020, downgraded by Janney Capital to Neutral from Buy rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.185 per share on April 22, 2020. The dividend were payable on May 20, 2020 to holders of record as of the close of business on May 5, 2020 and ex-dividend date on May 4, 2020.
On April 22, 2020, the board of directors authorized quarterly dividend of $ 0.185 per share to holders of record as of the close of business on June 15, 2020, with payment date of July 1, 2020 and ex-dividend date on June 12, 2020.
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.
