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BancorpSouth Bank

NYSE:BXS
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BXS
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. The last earnings update was 70 days ago. More info.


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BXS Share Price and Events
7 Day Returns
-1.9%
NYSE:BXS
0.3%
US Banks
0.8%
US Market
1 Year Returns
-15.8%
NYSE:BXS
-2.5%
US Banks
4.8%
US Market
BXS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BancorpSouth Bank (BXS) -1.9% -0.2% -6.9% -15.8% 19.1% 31.5%
US Banks 0.3% 4% 2.2% -2.5% 47.8% 48.2%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • BXS underperformed the Banks industry which returned -2.5% over the past year.
  • BXS underperformed the Market in United States of America which returned 4.8% over the past year.
Price Volatility
BXS
Industry
5yr Volatility vs Market

Value

 Is BancorpSouth Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BancorpSouth Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BancorpSouth Bank.

NYSE:BXS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $24.80 * 10.4%
$2.57
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $24.80
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:BXS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (41.46%))
0.861
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.861 * 5.96%)
7.86%

Discounted Cash Flow Calculation for NYSE:BXS using Excess Returns Model Model

The calculations below outline how an intrinsic value for BancorpSouth Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:BXS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.4% – 7.86%) * $24.80)
$0.62
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.62 / (7.86% - 2.73%)
$12.07
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $24.80 + $12.07
$36.87
NYSE:BXS Discount to Share Price
Calculation Result
Value per share (USD) From above. $36.87
Current discount Discount to share price of $28.28
= -1 x ($28.28 - $36.87) / $36.87
23.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BancorpSouth Bank is available for.
Intrinsic value
23%
Share price is $28.28 vs Future cash flow value of $36.87
Current Discount Checks
For BancorpSouth Bank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BancorpSouth Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BancorpSouth Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BancorpSouth Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BancorpSouth Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:BXS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.21
NYSE:BXS Share Price ** NYSE (2019-07-15) in USD $28.28
United States of America Banks Industry PE Ratio Median Figure of 592 Publicly-Listed Banks Companies 12.88x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BancorpSouth Bank.

NYSE:BXS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BXS Share Price ÷ EPS (both in USD)

= 28.28 ÷ 2.21

12.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BancorpSouth Bank is good value based on earnings compared to the US Banks industry average.
  • BancorpSouth Bank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does BancorpSouth Bank's expected growth come at a high price?
Raw Data
NYSE:BXS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
9.4%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.28x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NYSE:BXS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.78x ÷ 9.4%

1.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BancorpSouth Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on BancorpSouth Bank's assets?
Raw Data
NYSE:BXS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $22.48
NYSE:BXS Share Price * NYSE (2019-07-15) in USD $28.28
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NYSE:BXS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BXS Share Price ÷ Book Value per Share (both in USD)

= 28.28 ÷ 22.48

1.26x

* Primary Listing of BancorpSouth Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BancorpSouth Bank is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess BancorpSouth Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. BancorpSouth Bank has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is BancorpSouth Bank expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BancorpSouth Bank expected to grow at an attractive rate?
  • BancorpSouth Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • BancorpSouth Bank's earnings growth is positive but not above the United States of America market average.
  • BancorpSouth Bank's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:BXS Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:BXS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 9.4%
NYSE:BXS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 8.5%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:BXS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:BXS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,005 259 5
2019-12-31 934 237 6
NYSE:BXS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 850 251 219
2018-12-31 850 223 221
2018-09-30 826 207 212
2018-06-30 798 225 185
2018-03-31 771 181 168
2017-12-31 739 181 153
2017-09-30 741 223 153
2017-06-30 740 180 151
2017-03-31 734 178 148
2016-12-31 724 143 133
2016-09-30 717 122 116
2016-06-30 709 141 113

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BancorpSouth Bank's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • BancorpSouth Bank's revenue is expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:BXS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from BancorpSouth Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BXS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.50 2.60 2.39 6.00
2019-12-31 2.33 2.40 2.19 7.00
NYSE:BXS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.21
2018-12-31 2.24
2018-09-30 2.19
2018-06-30 1.95
2018-03-31 1.81
2017-12-31 1.67
2017-09-30 1.66
2017-06-30 1.62
2017-03-31 1.58
2016-12-31 1.41
2016-09-30 1.23
2016-06-30 1.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if BancorpSouth Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess BancorpSouth Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BancorpSouth Bank has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BancorpSouth Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BancorpSouth Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BancorpSouth Bank's year on year earnings growth rate has been positive over the past 5 years.
  • BancorpSouth Bank's 1-year earnings growth exceeds its 5-year average (30.3% vs 14.4%)
  • BancorpSouth Bank's earnings growth has not exceeded the US Banks industry average in the past year (30.3% vs 40.7%).
Earnings and Revenue History
BancorpSouth Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BancorpSouth Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BXS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 850.02 219.42 437.45
2018-12-31 849.76 221.32 430.44
2018-09-30 825.81 211.74 413.76
2018-06-30 798.08 184.59 402.33
2018-03-31 770.60 168.43 389.52
2017-12-31 739.07 153.03 378.83
2017-09-30 741.47 153.18 383.27
2017-06-30 739.71 151.47 383.49
2017-03-31 733.95 148.27 383.84
2016-12-31 724.35 132.73 379.31
2016-09-30 716.61 116.23 382.31
2016-06-30 709.37 112.75 383.39
2016-03-31 717.15 117.77 384.15
2015-12-31 723.05 127.49 380.33
2015-09-30 717.99 134.98 381.22
2015-06-30 715.86 129.42 377.66
2015-03-31 702.16 120.57 372.26
2014-12-31 685.81 116.75 370.43
2014-09-30 683.39 115.79 369.09
2014-06-30 670.76 111.87 365.58
2014-03-31 669.16 101.75 369.71
2013-12-31 666.52 94.12 370.75
2013-09-30 664.74 83.40 374.81
2013-06-30 670.28 82.37 377.09
2013-03-31 664.17 82.23 376.65
2012-12-31 666.74 84.30 372.48
2012-09-30 654.55 80.62 365.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BancorpSouth Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BancorpSouth Bank used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if BancorpSouth Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess BancorpSouth Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BancorpSouth Bank has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BancorpSouth Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of BancorpSouth Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BancorpSouth Bank Company Filings, last reported 3 months ago.

NYSE:BXS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,226.59 1,119.55 703.64
2018-12-31 2,205.74 1,520.16 337.57
2018-09-30 2,116.38 1,533.43 313.28
2018-06-30 2,072.08 1,468.36 357.73
2018-03-31 2,060.49 1,005.13 314.73
2017-12-31 1,713.49 1,476.37 226.45
2017-09-30 1,700.50 1,080.83 228.50
2017-06-30 1,691.83 1,000.40 237.96
2017-03-31 1,702.39 914.34 414.45
2016-12-31 1,723.88 1,098.51 238.84
2016-09-30 1,724.10 1,070.83 345.71
2016-06-30 1,713.04 825.16 298.31
2016-03-31 1,679.79 541.06 370.17
2015-12-31 1,655.44 577.16 217.72
2015-09-30 1,644.82 766.44 297.49
2015-06-30 1,680.20 584.51 243.56
2015-03-31 1,645.21 509.31 587.30
2014-12-31 1,606.06 516.22 381.43
2014-09-30 1,610.54 560.84 263.87
2014-06-30 1,588.85 529.91 276.19
2014-03-31 1,554.68 592.42 618.39
2013-12-31 1,513.13 563.54 559.00
2013-09-30 1,480.61 566.70 595.87
2013-06-30 1,459.79 612.03 838.59
2013-03-31 1,465.18 593.84 1,166.85
2012-12-31 1,449.05 661.20 1,203.61
2012-09-30 1,446.70 627.19 995.82
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • BancorpSouth Bank has an acceptable proportion of non-loan assets held.
  • BancorpSouth Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at BancorpSouth Bank are broadly funded by customer deposits.
  • BancorpSouth Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • BancorpSouth Bank has a sufficient allowance for bad loans.
  • BancorpSouth Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess BancorpSouth Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BancorpSouth Bank has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is BancorpSouth Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.4%
Current annual income from BancorpSouth Bank dividends. Estimated to be 2.65% next year.
If you bought $2,000 of BancorpSouth Bank shares you are expected to receive $48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BancorpSouth Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • BancorpSouth Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:BXS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:BXS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.78 7.00
2019-12-31 0.71 7.00
NYSE:BXS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 0.680 2.387
2019-04-17 0.680 2.247
2018-10-24 0.680 2.340
2018-07-25 0.680 2.060
2018-04-25 0.560 1.649
2018-04-18 0.560 1.715
2018-02-26 0.560 1.742
2018-01-24 0.560 1.704
2017-11-08 0.560 1.716
2017-10-18 0.000 0.000
2017-08-07 0.500 1.661
2017-07-20 0.500 1.650
2017-05-08 0.500 1.668
2017-04-20 0.500 1.621
2016-10-26 0.500 1.699
2016-10-20 0.500 2.118
2016-05-04 0.400 1.716
2016-01-27 0.400 1.896
2015-10-28 0.400 1.657
2015-07-22 0.400 1.653
2015-04-22 0.300 1.196
2015-01-28 0.300 1.327
2014-10-22 0.300 1.378
2014-07-23 0.300 1.443
2014-04-23 0.200 0.845
2014-01-22 0.200 0.826
2013-10-23 0.200 0.841
2013-08-28 0.200 0.995
2013-04-24 0.040 0.222
2013-01-23 0.040 0.261
2012-10-24 0.040 0.286
2012-07-18 0.040 0.273
2012-04-25 0.040 0.292
2012-01-25 0.040 0.320
2011-10-26 0.040 0.386
2011-07-27 0.040 0.386
2011-04-27 0.040 0.318
2011-01-27 0.440 2.833
2010-10-27 0.880 6.107
2010-07-28 0.880 6.403
2010-04-28 0.880 4.698
2010-01-27 0.880 4.117
2009-10-28 0.880 3.781
2009-07-22 0.880 3.745
2009-04-22 0.880 4.048
2009-01-28 0.880 4.469
2008-10-01 0.880 4.122

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of BancorpSouth Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess BancorpSouth Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BancorpSouth Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BancorpSouth Bank has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BancorpSouth Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dan Rollins
COMPENSATION $3,704,937
AGE 60
TENURE AS CEO 6.7 years
CEO Bio

Mr. James D. Rollins, III, also known as Dan, has been Chief Executive Officer of BancorpSouth, Inc. since November 27, 2012. Mr. Rollins has been the Chief Executive Officer of BancorpSouth Bank since November 27, 2012. Mr. Rollins served as the President and Chief Operating Officer of Prosperity Bancshares, Inc. from April 2006 to November 26, 2012. He served as the President of Prosperity Bank from 2005 to November 26, 2012. He served as a Senior Vice President of Investor Relations at Prosperity Bancshares, Inc. from 2001 to April 2006. He served as an Executive Vice President at Prosperity Bank, a subsidiary of Prosperity Bancshares, Inc. from 2002 to 2004. Previously, he served as the President of the Matagorda Banking Centers of the Bank from 1994 to 2002. From 1983 to 1994, Mr. Rollins worked for First State Bank and Trust Company in Port Lavaca and Bay City, Texas. He has been Chairman of BancorpSouth, Inc. since April 23, 2014. Mr. Rollins has been the Chairman of BancorpSouth Bank since 2014. He served as Vice chairman of Prosperity Bank since 2004 and served as its Director. He has been a Director of BancorpSouth, Inc. since 2012. He serves as Director of North Mississippi Health Services, Inc. He has been a Director of BancorpSouth Bank since 2012. He served as a Director of Prosperity Bancshares, Inc. from October 2006 to November 26, 2012. Mr. Rollins holds a Bachelor of Business Administration from the University of Texas at Austin and is a Graduate of the Southwestern School of Banking at Southern Methodist University.

CEO Compensation
  • Dan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dan's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the BancorpSouth Bank management team in years:

4.7
Average Tenure
60
Average Age
  • The tenure for the BancorpSouth Bank management team is about average.
Management Team

Dan Rollins

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
60
TENURE
6.7 yrs

Chris Bagley

TITLE
President & COO
COMPENSATION
$2M
AGE
58
TENURE
4.9 yrs

Johnny Copeland

TITLE
Senior EVP
COMPENSATION
$882K
AGE
66
TENURE
2.2 yrs

Cathy Freeman

TITLE
Senior EVP
COMPENSATION
$773K
AGE
53

Charles Pignuolo

TITLE
Senior EVP & General Counsel
COMPENSATION
$957K
AGE
63
TENURE
4.8 yrs

Will Fisackerly

TITLE
Senior VP & Director of Corporate Finance

Jeffrey Jaggers

TITLE
Senior EVP & Chief Information Officer
AGE
56

Morgan Files

TITLE
Head of Corporate Communications

Mike Meyer

TITLE
Senior EVP
AGE
60
TENURE
4.7 yrs

Ty Lambert

TITLE
Chief Data Analytics Officer
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the BancorpSouth Bank board of directors in years:

11.9
Average Tenure
68
Average Age
  • The average tenure for the BancorpSouth Bank board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Dan Rollins

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
60
TENURE
5.3 yrs

Aubrey Patterson

TITLE
Chairman Emeritus
COMPENSATION
$34K
AGE
77
TENURE
5.3 yrs

Alan Perry

TITLE
Director
COMPENSATION
$136K
AGE
71
TENURE
28.5 yrs

Larry Kirk

TITLE
Director
COMPENSATION
$144K
AGE
72
TENURE
23.5 yrs

Guy Mitchell

TITLE
Lead Director
COMPENSATION
$159K
AGE
75
TENURE
2.3 yrs

James Campbell

TITLE
Director
COMPENSATION
$146K
AGE
69
TENURE
27.5 yrs

Gus Blass

TITLE
Director
COMPENSATION
$151K
AGE
67
TENURE
15.5 yrs

Deborah Cannon

TITLE
Director
COMPENSATION
$151K
AGE
67
TENURE
4.3 yrs

Warren Hood

TITLE
Director
COMPENSATION
$132K
AGE
67
TENURE
11.9 yrs

Keith Jackson

TITLE
Director
COMPENSATION
$138K
AGE
54
TENURE
11.9 yrs
Who owns this company?
Recent Insider Trading
  • BancorpSouth Bank individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. May 19 Sell Charles Pignuolo Individual 15. May 19 15. May 19 -11,613 $28.71 $-333,409
16. May 19 Sell Jeffrey Jaggers Individual 15. May 19 15. May 19 -887 $28.71 $-25,466
16. May 19 Sell Cathy Freeman Individual 15. May 19 15. May 19 -1,028 $28.71 $-29,514
28. Nov 18 Sell Donald Grobowsky Individual 27. Nov 18 28. Nov 18 -60,000 $30.16 $-1,809,339
24. Dec 18 Buy Michael Meyer Individual 21. Dec 18 21. Dec 18 1,500 $25.76 $38,641
26. Oct 18 Buy James Campbell Individual 26. Oct 18 26. Oct 18 2,000 $27.66 $55,313
23. Oct 18 Buy James Rollins Individual 22. Oct 18 23. Oct 18 10,000 $27.84 $277,770
23. Oct 18 Buy Charles Pignuolo Individual 23. Oct 18 23. Oct 18 1,000 $27.19 $27,190
22. Oct 18 Buy Chris Bagley Individual 22. Oct 18 22. Oct 18 20,000 $27.84 $556,702
22. Oct 18 Buy Guy Mitchell Individual 22. Oct 18 22. Oct 18 500 $27.85 $13,925
22. Oct 18 Buy James Campbell Individual 22. Oct 18 22. Oct 18 5,364 $27.93 $149,797
X
Management checks
We assess BancorpSouth Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BancorpSouth Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does BancorpSouth Bank (NYSE:BXS) Have A Place In Your Portfolio?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … BancorpSouth Bank (NYSE:BXS) has returned an average dividend yield of 2.00% annually to shareholders. … Does BancorpSouth Bank tick all the boxes of a great dividend stock?

Simply Wall St -

BancorpSouth Bank (NYSE:BXS): Can Growth Justify Its July Share Price?

BancorpSouth Bank (NYSE:BXS) is considered a high growth stock. … View our latest analysis for BancorpSouth Bank? … Investors in BancorpSouth Bank have been patiently waiting for the uptick in earnings.

Simply Wall St -

BancorpSouth Bank (NYSE:BXS) Investors Are Paying Above The Intrinsic Value

Pricing BXS, a financial stock, can be difficult since these banks have cash flows that are affected by regulations that are not imposed upon other sectors. … Banks, for example, must hold certain levels of tiered capital in order to maintain a safe cash cushion.

Simply Wall St -

Is BancorpSouth Bank's (NYSE:BXS) PE Ratio A Signal To Sell For Investors?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … While BXS might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … Check out our latest analysis for BancorpSouth Bank

Simply Wall St -

Risk Factors To Consider Before Investing In BancorpSouth Bank (NYSE:BXS)

As a small-cap bank with a market capitalisation of US$3.31b, BancorpSouth Bank’s (NYSE:BXS) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off BancorpSouth Bank’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of BancorpSouth Bank's a stock investment.

Simply Wall St -

Spotlight On BancorpSouth Bank's (NYSE:BXS) Fundamentals

I've been keeping an eye on BancorpSouth Bank (NYSE:BXS) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe BXS has a lot to offer. … is a company with great financial health as well as a.

Simply Wall St -

BancorpSouth Bank (NYSE:BXS): Ex-Dividend Is In 5 Days, Should You Buy?

On the 02 July 2018, BancorpSouth Bank (NYSE:BXS) will be paying shareholders an upcoming dividend amount of $0.14 per share. … Below, I will explain how holding BancorpSouth Bank can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:

Simply Wall St -

Does BancorpSouth Bank's (NYSE:BXS) 15.30% Earnings Growth Make It An Outperformer?

Check out our latest analysis for BancorpSouth Bank How BXS fared against its long-term earnings performance and its industry For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For BancorpSouth Bank, its most recent earnings (trailing twelve month) is US$153.03M, which, against the prior year's figure, has climbed up by 15.30%. … Since these values may be relatively short-term, I’ve created an annualized five-year value for BXS's earnings, which stands at US$100.43M This means on average, BancorpSouth Bank has been able to steadily raise its bottom line over the past few years as well.

Simply Wall St -

Can BancorpSouth Bank (BXS) Survive The Next Financial Crisis?

As a small-cap finance stock with a market capitalisation of USD $3.00B, the risk and profitability of BancorpSouth Bank (NYSE:BXS) are largely tied to the underlying economic growth of the region it operates in US. … Relative to the prudent industry loan to deposit level of 90%, BancorpSouth Bank’s ratio of over 92.87% is higher, which puts the bank in a risky position as it borders negative liquidity disparity between loan and deposit levels. … Basically, for USD 1 of deposits with the bank, it lends out over USD 0.9 which is imprudent.Final words Now that you know to keep in mind these liquidity factors when putting together your investment thesis, I recommend you check out our latest free analysis report on BancorpSouth Bank to see its growth prospects and whether it could be considered an undervalued opportunity.

Simply Wall St -

Can BancorpSouth Inc's (BXS) ROE Continue To Surpass The Industry Average?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of BXS’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:BXS Last Perf Nov 4th 17 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses. … BXS’s ROE is impressive relative to the industry average, though its returns were not strong enough to cover its own cost of equity.

Simply Wall St -

Company Info

Description

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. In addition, it offers fixed and adjustable rate residential mortgage loans secured by owner-occupied property; residential construction loans; second mortgage loans; and home equity lines of credit, as well as non-residential consumer loans that consist of automobile, recreation vehicle, boat, personal, and deposit account secured loans, as well as issues credit cards. Further, the company operates as an agent for the sale of commercial lines of insurance; and a line of property and casualty, life, health, and employee benefits products and services. Additionally, it provides investment brokerage, and personal trust and estate services. As of April 25, 2018, the company operated through 279 full service branch locations, as well mortgage, insurance, and loan production offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas, and Illinois. The company was formerly known as BancorpSouth, Inc. and changed its name to BancorpSouth Bank in October 2017. BancorpSouth Bank was founded in 1876 and is headquartered in Tupelo, Mississippi.

Details
Name: BancorpSouth Bank
BXS
Exchange: NYSE
Founded: 1876
$2,858,125,948
101,065,274
Website: http://www.bancorpsouth.com
Address: BancorpSouth Bank
One Mississippi Plaza,
201 South Spring Street,
Tupelo,
Mississippi, 38804,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BXS New Common Stock New York Stock Exchange US USD 14. Oct 1985
Number of employees
Current staff
Staff numbers
4,445
BancorpSouth Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 00:59
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.