BancorpSouth, Inc. (NYSE:BXS) declared a quarterly dividend on Wednesday, October 25th, Zacks reports. Investors of record on Friday, December 15th will be paid a dividend of 0.14 per share by the bank on Tuesday, January 2nd. This represents a $0.56 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, December 14th.

BancorpSouth has raised its dividend payment by an average of 74.5% per year over the last three years and has increased its dividend every year for the last 4 years. BancorpSouth has a payout ratio of 33.7% 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 $0.56 annual dividend with an expected future payout ratio of 29.2%.

BancorpSouth (BXS) traded down $0.10 on Friday, reaching $33.25. 435,052 shares of the company’s stock traded hands, compared to its average volume of 449,063. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88. BancorpSouth has a 1 year low of $27.20 and a 1 year high of $34.45. The firm has a market capitalization of $3,014.76, a P/E ratio of 20.35 and a beta of 1.40.

BancorpSouth (NYSE:BXS) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. BancorpSouth had a net margin of 19.59% and a return on equity of 8.97%. The firm had revenue of $186.52 million for the quarter, compared to the consensus estimate of $191.32 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The business’s revenue was up .5% on a year-over-year basis. analysts forecast that BancorpSouth will post 1.66 earnings per share for the current year.

BXS has been the topic of several research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 price objective on shares of BancorpSouth in a report on Thursday, October 12th. Piper Jaffray Companies restated a “neutral” rating and set a $31.00 price objective on shares of BancorpSouth in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Tuesday, September 19th. Royal Bank Of Canada restated a “hold” rating and set a $33.00 price objective on shares of BancorpSouth in a report on Friday, October 20th. Finally, BidaskClub downgraded shares of BancorpSouth from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.13.

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BancorpSouth Company Profile

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