BancorpSouth, Inc. (NYSE:BXS)‘s stock had its “hold” rating reiterated by Royal Bank Of Canada in a research report issued to clients and investors on Friday. They currently have a $31.00 price objective on the bank’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 10.12% from the stock’s previous close.

Several other analysts have also recently issued reports on BXS. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, August 2nd. Stephens set a $35.00 target price on BancorpSouth and gave the stock a “buy” rating in a research report on Thursday, July 27th. BidaskClub cut BancorpSouth from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $33.00 target price on shares of BancorpSouth in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.67.

Shares of BancorpSouth (BXS) opened at 28.15 on Friday. The company has a market cap of $2.56 billion, a P/E ratio of 17.33 and a beta of 1.40. The stock’s 50 day moving average price is $29.36 and its 200-day moving average price is $30.07. BancorpSouth has a 12 month low of $22.23 and a 12 month high of $32.40.

BancorpSouth (NYSE:BXS) last released its earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $185.61 million during the quarter, compared to analysts’ expectations of $187.78 million. During the same quarter last year, the business posted $0.39 earnings per share. Equities research analysts expect that BancorpSouth will post $1.66 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its holdings in BancorpSouth by 0.8% during the 2nd 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. Louisiana State Employees Retirement System grew its holdings in BancorpSouth by 0.9% during the 2nd 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 grew its holdings in BancorpSouth by 9.0% during the 2nd 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. Advantus Capital Management Inc grew its holdings in BancorpSouth by 3.1% during the 1st 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. Finally, Liberty Mutual Group Asset Management Inc. grew its holdings in BancorpSouth by 1.0% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 38,431 shares of the bank’s stock valued at $1,161,000 after buying an additional 379 shares in the last quarter. Institutional investors and hedge funds own 65.51% 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.

Analyst Recommendations for BancorpSouth (NYSE:BXS)

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