BancorpSouth Plans Quarterly Dividend of $0.01 (BXS)
BancorpSouth (NYSE:BXS) declared a quarterly dividend on Wednesday, January 23rd. Investors of record on Friday, March 15th will be given a dividend of $0.01 per share on Thursday, April 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%.
Several analysts have also recently commented on the stock. Analysts at BB&T Capital Mkts initiated coverage on shares of BancorpSouth in a research note to investors on Thursday, January 10th. They set a “hold” rating on the stock. On the ratings front, analysts at BB&T initiated coverage on shares of BancorpSouth in a research note to investors on Thursday, January 10th. They set a “hold” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Keefe, Bruyette & Woods downgraded shares of BancorpSouth from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, January 4th. They now have a $12.00 price target on the stock. They noted that the move was a valuation call.
One investment analyst has rated the stock with an overweight rating, ten have given a hold rating, and two have given a sell rating to the stock. BancorpSouth presently has an average rating of “hold” and an average target price of $14.21.
BancorpSouth (BXS) traded down 0.07% on Wednesday, hitting $15.12. BancorpSouth (BXS) has a 52-week low of $11.18 and a 52-week high of $15.69. The stock’s 50-day moving average is currently $14.43. The company has a market cap of $1.428 billion and a price-to-earnings ratio of 17.08.
BancorpSouth last posted its quarterly earnings results on Wednesday, January 23rd. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.06. During the same quarter in the previous year, the company posted $0.16 earnings per share. On average, analysts predict that BancorpSouth (BXS) will post $0.96 earnings per share for the current fiscal year.
BancorpSouth, Inc. is a financial holding company. Through its principal bank subsidiary, BancorpSouth Bank (the Bank), the Company conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois.
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