Bancorpsouth Bank (NYSE:BXS) declared a quarterly dividend on Wednesday, October 24th, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.17 per share by the bank on Wednesday, January 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, December 13th.

Bancorpsouth Bank has raised its dividend payment 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% indicating that its dividend is sufficiently covered by earnings. 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%.

NYSE BXS opened at $29.12 on Friday. Bancorpsouth Bank has a 1-year low of $26.91 and a 1-year high of $35.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.86. The firm has a market capitalization of $2.65 billion, a PE ratio of 14.11 and a beta of 1.41.

Bancorpsouth Bank (NYSE:BXS) last posted its quarterly earnings results on Wednesday, October 17th. The bank reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Bancorpsouth Bank had a net margin of 23.71% and a return on equity of 10.16%. The business had revenue of $213.75 million for the quarter, compared to the consensus estimate of $216.90 million. During the same period in the prior year, the business posted $0.43 earnings per share. On average, sell-side analysts predict that Bancorpsouth Bank will post 2.25 EPS for the current year.

BXS has been the topic of a number of research reports. Stephens reaffirmed a “buy” rating and issued a $37.00 price target on shares of Bancorpsouth Bank in a research note on Thursday, October 18th. Zacks Investment Research downgraded shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Brean Capital reaffirmed a “hold” rating on shares of Bancorpsouth Bank in a research note on Wednesday, November 14th. ValuEngine downgraded shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Royal Bank of Canada dropped their price target on shares of Bancorpsouth Bank to $32.00 and set a “market perform” rating on the stock in a research note on Friday, October 19th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Bancorpsouth Bank currently has a consensus rating of “Hold” and a consensus target price 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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Dividend History for Bancorpsouth Bank (NYSE:BXS)

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