Bancorpsouth Bank (NYSE:BXS) Announces $0.19 Quarterly Dividend

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Bancorpsouth Bank (NYSE:BXS) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.185 per share by the bank on Thursday, January 2nd. This represents a $0.74 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, December 12th.

Shares of NYSE BXS traded up $0.07 on Tuesday, hitting $31.49. The company had a trading volume of 52,773 shares, compared to its average volume of 312,004. Bancorpsouth Bank has a 12-month low of $24.31 and a 12-month high of $33.45. The business has a 50 day moving average of $31.08 and a two-hundred day moving average of $29.15. The firm has a market capitalization of $3.29 billion, a P/E ratio of 14.12 and a beta of 1.44.

Bancorpsouth Bank (NYSE:BXS) last announced its earnings results on Monday, October 21st. The bank reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $242.03 million for the quarter, compared to the consensus estimate of $238.70 million. Bancorpsouth Bank had a return on equity of 10.51% and a net margin of 21.23%. During the same period last year, the business posted $0.56 EPS. Equities research analysts predict that Bancorpsouth Bank will post 2.46 EPS for the current year.

Several brokerages have recently weighed in on BXS. ValuEngine upgraded Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. DA Davidson initiated coverage on shares of Bancorpsouth Bank in a research note on Tuesday, August 20th. They issued a “neutral” rating and a $30.50 price target for the company. SunTrust Banks upgraded shares of Bancorpsouth Bank from a “hold” rating to a “buy” rating and lifted their price target for the stock from $32.00 to $33.00 in a research note on Wednesday, September 25th. Finally, Piper Jaffray Companies began coverage on shares of Bancorpsouth Bank in a research note on Wednesday, September 18th. They set a “neutral” rating and a $32.50 price objective on the stock. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Bancorpsouth Bank has a consensus rating of “Hold” and a consensus target price of $32.33.

Bancorpsouth Bank Company Profile

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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Dividend History for Bancorpsouth Bank (NYSE:BXS)

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