Bancorpsouth Bank (NYSE:BXS) declared a quarterly dividend on Wednesday, October 24th, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.17 per share by the bank on Wednesday, January 2nd. This represents a $0.68 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, December 13th.
Bancorpsouth Bank has increased its dividend by an average of 31.8% annually over the last three years and has increased its dividend every year for the last 5 years. Bancorpsouth Bank has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bancorpsouth Bank to earn $2.34 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 29.1%.
Shares of NYSE BXS opened at $29.12 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market cap of $2.65 billion, a PE ratio of 14.11 and a beta of 1.41. Bancorpsouth Bank has a 12-month low of $26.91 and a 12-month high of $35.55.
Bancorpsouth Bank (NYSE:BXS) last released its earnings results on Wednesday, October 17th. The bank reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $213.75 million during the quarter, compared to the consensus estimate of $216.90 million. Bancorpsouth Bank had a return on equity of 10.16% and a net margin of 23.71%. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, analysts predict that Bancorpsouth Bank will post 2.25 earnings per share for the current year.
BXS has been the subject of a number of research analyst reports. Stephens restated a “buy” rating and issued a $37.00 target price on shares of Bancorpsouth Bank in a research report on Monday, August 27th. Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a research report on Monday, August 27th. Zacks Investment Research downgraded Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. ValuEngine downgraded Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Royal Bank of Canada cut their target price on Bancorpsouth Bank to $32.00 and set a “market perform” rating for the company in a research report on Friday, October 19th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Bancorpsouth Bank presently has a consensus rating of “Hold” and an average price target of $34.50.
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About Bancorpsouth Bank
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.
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