BancorpSouth Given Neutral Rating at Zacks (BXS)
BancorpSouth (NYSE:BXS)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Thursday, Analyst RN reports. They currently have a $27.00 price objective on the stock. Zacks‘ price target would suggest a potential upside of 6.22% from the stock’s previous close.
Zacks‘ analyst wrote, “BancorpSouth’s third-quarter 2013 earnings were in line with the Zacks Consensus Estimate. Significant fall in provision for credit losses as well as lower non-interest expense were the positives. Yet, lower top line was recorded. We believe that the company’s steady mortgage lending business performance, along with opportunistic acquisitions, would help it navigate through the current sluggish macroeconomic cycle. Nevertheless, we remain concerned about the prevalent low interest rate environment and its adverse impact on net interest margin (NIM).”
BancorpSouth (NYSE:BXS) traded down 1.65% on Thursday, hitting $25.00. The stock had a trading volume of 384,914 shares. BancorpSouth has a one year low of $14.14 and a one year high of $25.54. The stock’s 50-day moving average is $24.03 and its 200-day moving average is $20.91. The company has a market cap of $2.380 billion and a P/E ratio of 28.92.
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 previous 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 $23.00 to $26.00 in a research note to investors on Wednesday, December 4th. They now have a “hold” rating on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of BancorpSouth in a research note to investors on Tuesday, November 5th. They set an “overweight” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of BancorpSouth from $19.00 to $20.00 in a research note to investors on Wednesday, October 23rd. They now have a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. BancorpSouth has a consensus rating of “Hold” and a consensus target price of $21.13.
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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