Jefferies Group LLC Reiterates “Hold” Rating for BancorpSouth, Inc. (BXS)
BancorpSouth, Inc. (NYSE:BXS)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a note issued to investors on Friday. They currently have a $33.00 target price on the bank’s stock. Jefferies Group LLC’s target price indicates a potential upside of 15.59% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Wednesday, August 2nd. ValuEngine raised shares of BancorpSouth from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Stephens set a $35.00 price objective on shares of BancorpSouth and gave the stock a “buy” rating in a research report on Thursday, July 27th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $31.00 price objective on shares of BancorpSouth in a research report on Friday, July 21st. Finally, BidaskClub raised shares of BancorpSouth from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.67.
Shares of BancorpSouth (NYSE BXS) traded down 1.21% during trading on Friday, reaching $28.55. 354,680 shares of the company were exchanged. The stock has a market capitalization of $2.60 billion, a P/E ratio of 17.58 and a beta of 1.39. BancorpSouth has a 1-year low of $22.23 and a 1-year high of $32.40. The firm has a 50-day moving average price of $30.24 and a 200-day moving average price of $30.27.
BancorpSouth (NYSE:BXS) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $185.61 million during the quarter, compared to analysts’ expectations of $187.78 million. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. During the same period in the previous year, the company earned $0.39 EPS. Equities research analysts predict that BancorpSouth will post $1.66 earnings per share for the current fiscal year.
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In related news, Director James Elbert Campbell III purchased 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average cost of $28.93 per share, for a total transaction of $202,510.00. Following the purchase, the director now directly owns 133,392 shares of the company’s stock, valued at $3,859,030.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.63% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its stake in shares of BancorpSouth by 0.8% in the second quarter. Teacher Retirement System of Texas now owns 6,776 shares of the bank’s stock valued at $207,000 after buying an additional 54 shares in the last quarter. Diversified Trust Co raised its stake in shares of BancorpSouth by 0.3% in the first quarter. Diversified Trust Co now owns 39,400 shares of the bank’s stock valued at $1,192,000 after buying an additional 135 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of BancorpSouth by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the bank’s stock valued at $662,000 after buying an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BancorpSouth by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock valued at $117,000 after buying an additional 316 shares in the last quarter. Finally, Advantus Capital Management Inc raised its stake in shares of BancorpSouth by 3.1% in the first quarter. Advantus Capital Management Inc now owns 10,921 shares of the bank’s stock valued at $330,000 after buying an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 66.96% of the company’s stock.
BancorpSouth Company Profile
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.
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