BancorpSouth (BXS) PT Raised to $32 at RBC Capital

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BancorpSouth (BXS) Declares $0.185 Quarterly Dividend; 2.5% Yield

October 23, 2019 5:18 PM EDT

BancorpSouth (NYSE: BXS) declared a quarterly dividend of $0.185 per share, or $0.74 annualized.

The dividend will be payable on January 2, 2020, to stockholders of record on December 13, 2019, with an ex-dividend date of December 12, 2019.

The annual yield on the dividend is 2.5 percent.

For a dividend... More

BancorpSouth (BXS) Tops Q3 EPS by 2c

October 21, 2019 4:34 PM EDT

BancorpSouth (NYSE: BXS) reported Q3 EPS of $0.63, $0.02 better than the analyst estimate of $0.61.

Highlights for the third quarter of 2019 included:

Reported quarterly net income of $63.8 million, or $0.63 per diluted share.Completed the acquisitions of Van Alstyne Financial Corporation and Summit Financial Enterprises, Inc. effective September 1, 2019; recorded merger-related expenses of $4.1 million for the third quarter.Although earnings were impacted by a negative pre-tax mortgage servicing rights ("MSR") valuation adjustment of $4.0 million, strong mortgage production volume totaling $536.1 million contributed to an increase in mortgage production and servicing revenue to $11.3 million for the... More