BancorpSouth, Inc. (NYSE:BXS) declared a quarterly dividend on Wednesday, October 25th, Zacks reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.14 per share by the bank on Tuesday, January 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, December 14th.
BancorpSouth has raised its dividend payment by an average of 74.5% per year over the last three years and has raised its dividend every year for the last 4 years. BancorpSouth has a payout ratio of 33.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BancorpSouth to earn $1.92 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 29.2%.
Shares of BancorpSouth (NYSE BXS) traded down $0.10 during trading hours on Friday, reaching $33.25. The company’s stock had a trading volume of 435,052 shares, compared to its average volume of 449,063. The stock has a market capitalization of $3,014.76, a PE ratio of 20.35 and a beta of 1.40. BancorpSouth has a 1-year low of $27.20 and a 1-year high of $34.45. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.02.
BancorpSouth (NYSE:BXS) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. BancorpSouth had a return on equity of 8.97% and a net margin of 19.59%. The firm had revenue of $186.52 million during the quarter, compared to analysts’ expectations of $191.32 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue was up .5% on a year-over-year basis. sell-side analysts predict that BancorpSouth will post 1.66 EPS for the current fiscal year.
Several research analysts have recently weighed in on BXS shares. ValuEngine upgraded BancorpSouth from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, September 19th. Jefferies Group restated a “hold” rating and issued a $33.00 price target on shares of BancorpSouth in a research note on Friday, August 11th. Royal Bank Of Canada restated a “hold” rating and issued a $31.00 price target on shares of BancorpSouth in a research note on Friday, September 8th. Finally, Brean Capital restated a “hold” rating on shares of BancorpSouth in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. BancorpSouth has a consensus rating of “Hold” and an average price target of $33.13.
BancorpSouth Company Profile
BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.
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