BancorpSouth Given Consensus Rating of “Hold” by Brokerages (NYSE:BXS)
BancorpSouth (NYSE:BXS) has received a consensus rating of “Hold” from the twelve analysts that are covering the stock, StockRatingsNetwork.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.50.
Shares of BancorpSouth (NYSE:BXS) traded down 0.13% during mid-day trading on Friday, hitting $22.92. 33,657 shares of the company’s stock traded hands. BancorpSouth has a 52-week low of $16.30 and a 52-week high of $26.24. The stock has a 50-day moving average of $24.06 and a 200-day moving average of $23.91. The company has a market cap of $2.200 billion and a price-to-earnings ratio of 21.49.
BancorpSouth (NYSE:BXS) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.30 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.30. During the same quarter last year, the company posted $0.22 earnings per share. Analysts expect that BancorpSouth will post $1.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, June 11th.
Several analysts have recently commented on the stock. Analysts at Drexel Hamilton initiated coverage on shares of BancorpSouth in a research note on Thursday. They set a “hold” rating on the stock. Separately, analysts at SunTrust reiterated a “neutral” rating on shares of BancorpSouth in a research note on Wednesday, April 23rd. They now have a $26.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BancorpSouth in a research note on Wednesday, April 23rd. They now have a $23.00 price target on the stock.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.