BancorpSouth PT Raised to $20.00 at Jefferies Group (BXS)
Research analysts at Jefferies Group increased their target price on shares of BancorpSouth (NYSE:BXS) to $20.00 in a report released on Wednesday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential downside of 8.72% from the company’s current price.
BancorpSouth (NYSE:BXS) traded up 0.68% on Wednesday, hitting $22.06. The stock had a trading volume of 215,441 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 $19.86 and its 200-day moving average is $17.54. The company has a market cap of $2.100 billion and a P/E ratio of 25.18.
BancorpSouth (NYSE:BXS) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.26. During the same quarter in the prior year, the company posted $0.25 earnings per share. Analysts expect that BancorpSouth will post $0.98 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich raised their price target on shares of BancorpSouth from $20.00 to $23.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BancorpSouth in a research note to investors on Wednesday, October 9th. They now have a $21.00 price target on the stock. Finally, analysts at MLV Capital initiated coverage on shares of BancorpSouth in a research note to investors on Friday, September 20th. They set a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. BancorpSouth has a consensus rating of “Hold” and a consensus price target of $20.00.
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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