BancorpSouth Coverage Initiated at MLV Capital (BXS)
Analysts at MLV Capital initiated coverage on shares of BancorpSouth (NYSE:BXS) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of BancorpSouth (NYSE:BXS) in a research note to investors on Friday, August 23rd. They set an “outperform” rating and a $23.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of BancorpSouth (NYSE:BXS) from $16.00 to $19.00 in a research note to investors on Tuesday, August 6th. They now have a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of BancorpSouth (NYSE:BXS) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 31st. They now have a $20.70 price target on the stock.
One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.63.
BancorpSouth (NYSE:BXS) traded up 1.85% on Friday, hitting $19.85. The stock had a trading volume of 587,078 shares. BancorpSouth has a 52 week low of $12.55 and a 52 week high of $20.77. The stock’s 50-day moving average is $19.88 and its 200-day moving average is $17.68. The company has a market cap of $1.890 billion and a price-to-earnings ratio of 22.40.
BancorpSouth (NYSE:BXS) last released its earnings data on Monday, July 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. During the same quarter in the previous year, the company posted $0.22 earnings per share. Analysts expect that BancorpSouth will post $0.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, September 11th. This is a boost from BancorpSouth’s previous quarterly dividend of $0.01.
BancorpSouth, Inc is a financial holding company. Through its principal bank subsidiary, BancorpSouth Bank (NYSE:BXS), the Company conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois.
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