BancorpSouth, Inc. (BXS) Receives Consensus Rating of “Hold” from Analysts
Shares of BancorpSouth, Inc. (NYSE:BXS) have been given an average recommendation of “Hold” by the twelve research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.67.
A number of equities research analysts recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $33.00 target price on shares of BancorpSouth in a research report on Friday, July 14th. BidaskClub lowered BancorpSouth from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. ValuEngine raised BancorpSouth from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth in a research report on Thursday, July 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $32.00 price target on shares of BancorpSouth in a research report on Monday, June 5th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock valued at $107,000 after buying an additional 1,341 shares during the period. Riverhead Capital Management LLC increased its position in shares of BancorpSouth by 92.5% in the second quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock valued at $112,000 after buying an additional 1,757 shares in the last quarter. Sei Investments Co. increased its position in shares of BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after buying an additional 2,498 shares in the last quarter. US Bancorp DE increased its position in shares of BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock valued at $155,000 after buying an additional 711 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of BancorpSouth by 15.8% in the second quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after buying an additional 901 shares in the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.
BancorpSouth (NYSE:BXS) remained flat at $29.00 during midday trading on Wednesday. The company had a trading volume of 58,308 shares. The firm has a market capitalization of $2.64 billion, a P/E ratio of 17.86 and a beta of 1.39. The stock has a 50-day moving average price of $29.86 and a 200 day moving average price of $30.19. BancorpSouth has a 52 week low of $22.23 and a 52 week high of $32.40.
BancorpSouth (NYSE:BXS) last announced its earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The business had revenue of $185.61 million for the quarter, compared to analyst estimates of $187.78 million. During the same quarter last year, the firm earned $0.39 EPS. On average, equities analysts expect that BancorpSouth will post $1.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.14 per share. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.93%. BancorpSouth’s payout ratio is 30.86%.
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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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