BancorpSouth Inc. (BXS) Declares Quarterly Dividend of $0.05
BancorpSouth (NYSE:BXS) announced a quarterly dividend on Wednesday, January 22nd, ARN reports. Investors of record on Friday, March 14th will be paid a dividend of 0.05 per share on Tuesday, April 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.80%.
BXS has been the subject of a number of recent research reports. Analysts at Morgan Stanley downgraded shares of BancorpSouth from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday, January 6th. They noted that the move was a valuation call. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of BancorpSouth in a research note to investors on Thursday, January 2nd. They now have a $27.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of BancorpSouth from $23.00 to $26.00 in a research note to investors on Wednesday, December 4th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.13.
Shares of BancorpSouth (NYSE:BXS) traded up 0.68% during mid-day trading on Wednesday, hitting $25.14. The stock had a trading volume of 643,104 shares. BancorpSouth has a 1-year low of $14.14 and a 1-year high of $25.54. The stock has a 50-day moving average of $24.55 and a 200-day moving average of $21.60. The company has a market cap of $2.394 billion and a price-to-earnings ratio of 28.41.
BancorpSouth (NYSE:BXS) last announced its earnings results on Thursday, January 23rd. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.01. Analysts expect that BancorpSouth will post $1.01 EPS for the current fiscal year.
BancorpSouth, Inc is a financial holding company. Through its principal bank subsidiary, BancorpSouth Bank (NYSE:BXS), the Company conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois.
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