Sneak Preview of BancorpSouth Bank ($BXS) 3Q20 Earnings

BancorpSouth Bank (NYSE:BXS) is set to announce third quarter earning results on Monday 19th October 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, BXS to report 3Q20 income of $ 0.53 per share from revenue of $ 260.91 million.

For the full year, analysts anticipate top line of $ 1017.13 million, while looking forward to income of $ 1.77 per share bottom line.

Previous Quarter Performance

BancorpSouth Bank unfold income for the second quarter of $ 0.59 per share, from the revenue of $ 261.83 million. The quarterly earnings boosted 11.32 percent compared with the same quarter last year. Wall street analysts are predicting, BXS to report 2Q20 income of $ 0.35 per share from revenue of $ 250.10 million. The bottom line results beat street analysts by $ 0.24 or 68.57 percent, at the same time, top line results outshined analysts by $ 11.73 million or 4.69 percent.

Stock Performance

On Friday, shares of BancorpSouth Bank has traded high as $ 22.18 and has cracked $ 21.64 on the downward trend, reaching $ 21.96 with volume of 295.10 thousand shares.

According to the previous trading day, closing price of $ 21.96, representing a 27.83 % increase from the 52 week low of $ 17.21 and a 33.27 % decrease over the 52 week high of $ 32.97.

The company has a market capital of $ 2.25 billion and is part of the Financial Services sector and Banks – Regional – US industry.

Recent Analyst recommendations

  • On 30th September 2020, maintained by Piper Sandler at Neutral rating, with $ 23.00 target price.

Recent Stock Dividend Announcement

On July 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 September 15, 2020, with payment date of October 1, 2020 and ex-dividend date on September 14, 2020.

Conference Call

BancorpSouth Bank will be hosting a conference call at 11:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website

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.