BancorpSouth is a well-established bank with a long history of stability and growth.
The company was founded in 1872 and has since grown to become one of the largest regional banks in the United States.
Its strong financial foundation has enabled BancorpSouth to weather economic downturns and emerge stronger.
BancorpSouth has a diverse range of financial products and services, including consumer and commercial banking, mortgage lending, and wealth management.
BancorpSouth Stock Overview
The 1-month performance of BancorpSouth stock has been a bit of a rollercoaster, with a low of 28.25 on October 28, 2021, and a high of 31.27 on October 15, 2021.
The stock's performance over the past month has actually been negative, with a decline of -1.17 (-3.91%) since September 28, 2021.
Here's a breakdown of the stock's performance over different periods:
The 3-month performance of BancorpSouth stock has been relatively strong, with a gain of +2.97 (+11.52%) since July 28, 2021.
The stock's 52-week performance has been impressive, with a gain of +6.09 (+26.86%) since October 28, 2020.
Financial Information
BancorpSouth's market capitalization is a staggering $2,952,099, with 102,646 shares outstanding. This gives us an idea of the company's overall value and the number of shares that are currently available for trading.
The company's annual sales are a respectable $1,136 million, while its annual income is a significant $228,050,000. This suggests a strong revenue stream and profitability.
BancorpSouth's price-to-sales ratio is 2.63, indicating that the company's stock price is relatively high compared to its sales. This could be a concern for investors looking for value.
Here are some key financial metrics to keep in mind:
The company's most recent earnings were $0.65 per share on October 25, 2021, which is a decent figure. However, the next earnings date is not specified, so we'll have to wait for that information to become available.
Investor Insights
BancorpSouth investors can take a page from the company's history, which dates back to 1876 when it was founded as Bank of Pontotoc.
BancorpSouth's commitment to community banking is evident in its long history of serving local customers.
The bank's focus on community banking has allowed it to maintain a strong presence in the markets it serves.
With over 300 branches across the South, BancorpSouth has a significant reach in the region.
BancorpSouth's financial performance has been solid, with a net income of $245.6 million in 2020.
The bank's focus on technology has enabled it to offer a range of digital banking services to its customers.
BancorpSouth's return on equity (ROE) has averaged around 10% over the past few years, indicating a solid return on investment.
Dividend and Earnings
BancorpSouth Bank declared a quarterly cash dividend of $0.20 per share of common stock, payable on January 3, 2022, with a record date of December 15, 2021.
The dividend also applies to legacy Cadence shareholders following the merger with Cadence Bancorporation, effective October 29, 2021.
A cash dividend of $0.34375 per share of Series A Preferred Stock was declared, payable on November 22, 2021, to shareholders of record by November 5, 2021.
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BancorpSouth Bank Quarterly Dividend
BancorpSouth Bank recently declared a quarterly cash dividend of $0.20 per share of common stock, payable on January 3, 2022, with a record date of December 15, 2021.
This dividend applies to both BancorpSouth Bank shareholders and legacy Cadence shareholders following the merger with Cadence Bancorporation, effective October 29, 2021.
The board also declared a cash dividend of $0.34375 per share of Series A Preferred Stock, payable on November 22, 2021, to shareholders of record by November 5, 2021.
BancorpSouth Bank reported net income for Q3 2021 was $70.4 million, or $0.65 per diluted share.
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BancorpSouth Announces Q3 2021 Results
BancorpSouth Bank reported a net income of $70.4 million for Q3 2021, translating to $0.65 per diluted share.
This is a notable increase in earnings, and it's interesting to see how the bank's financial performance has improved over time.
Total pre-tax pre-provision net revenue reached $90.1 million, indicating a strong financial position for the bank.
The bank experienced organic net loan growth of $121.6 million (3.3% annualized), showing a steady increase in lending activities.
Credit quality metrics remained strong with a negative provision for credit losses of $7.0 million.
This suggests that the bank has been able to manage its credit risk effectively, which is a positive sign for investors and customers alike.
The merger with Cadence Bancorporation is set to close on October 29, 2021, potentially creating a $48 billion institution.
Frequently Asked Questions
Did BancorpSouth get bought out?
No, BancorpSouth was the surviving company in a merger, not the one being acquired. In fact, it absorbed Cadence Bancorporation in a successful merger.
How big is BancorpSouth assets?
BancorpSouth Bank has approximately $24 billion in assets. This significant asset base supports the bank's extensive network of branch locations and financial services.
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