BancorpSouth, Inc. (NYSE:BXS) announced a quarterly dividend on Thursday, July 27th, Wall Street Journal reports. Investors of record on Friday, September 15th will be given a dividend of 0.14 per share by the bank on Monday, October 2nd. This represents a $0.56 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, September 14th. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13.

BancorpSouth has increased its dividend by an average of 74.5% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. BancorpSouth has a dividend payout ratio of 30.7% meaning 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 $0.50 annual dividend with an expected future payout ratio of 26.0%.

BancorpSouth (NYSE BXS) traded down 0.66% on Thursday, reaching $30.05. 331,572 shares of the company’s stock traded hands. The firm’s 50-day moving average is $30.38 and its 200 day moving average is $30.33. BancorpSouth has a 52-week low of $22.23 and a 52-week high of $32.40. The stock has a market capitalization of $2.74 billion, a PE ratio of 18.50 and a beta of 1.40.

BancorpSouth (NYSE:BXS) last announced its earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. The company had revenue of $185.61 million during the quarter, compared to the consensus estimate of $187.78 million. During the same period in the previous year, the firm posted $0.39 earnings per share. Analysts forecast that BancorpSouth will post $1.66 EPS for the current year.

In other BancorpSouth news, Director James Elbert Campbell III bought 7,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were bought at an average cost of $28.93 per share, for a total transaction of $202,510.00. Following the purchase, the director now directly owns 133,392 shares of the company’s stock, valued at approximately $3,859,030.56. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.63% of the company’s stock.

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A number of research analysts have weighed in on the stock. Stephens set a $35.00 price target on shares of BancorpSouth and gave the company a “buy” rating in a research note on Thursday. Piper Jaffray Companies reissued a “hold” rating and issued a $31.00 price objective on shares of BancorpSouth in a research report on Friday, July 21st. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Friday, July 21st. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth in a research report on Thursday, July 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price target on shares of BancorpSouth in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.67.

About BancorpSouth

BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), 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.

Dividend History for BancorpSouth (NYSE:BXS)

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