Bancorpsouth Bank (NYSE:BXS) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.185 per share by the bank on Thursday, January 2nd. This represents a $0.74 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, December 12th.
BXS stock opened at $31.52 on Wednesday. The stock’s fifty day simple moving average is $31.12 and its two-hundred day simple moving average is $29.16. Bancorpsouth Bank has a 1-year low of $24.31 and a 1-year high of $33.45. The stock has a market cap of $3.29 billion, a P/E ratio of 14.13 and a beta of 1.44.
Bancorpsouth Bank (NYSE:BXS) last issued its earnings results on Monday, October 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The firm had revenue of $242.03 million for the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.56 earnings per share. As a group, equities research analysts forecast that Bancorpsouth Bank will post 2.46 earnings per share for the current year.
A number of brokerages have weighed in on BXS. SunTrust Banks upgraded shares of Bancorpsouth Bank from a “hold” rating to a “buy” rating and increased their target price for the stock from $32.00 to $33.00 in a research report on Wednesday, September 25th. 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 target on the stock. DA Davidson assumed coverage on shares of Bancorpsouth Bank in a report on Tuesday, August 20th. They issued a “neutral” rating and a $30.50 price objective for the company. Finally, ValuEngine upgraded shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Bancorpsouth Bank currently has an average rating of “Hold” and an average 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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