BancorpSouth, Inc. (BXS) Receives Neutral Rating from Piper Jaffray Companies
BancorpSouth, Inc. (NYSE:BXS)‘s stock had its “neutral” rating reaffirmed by research analysts at Piper Jaffray Companies in a report released on Thursday, Marketbeat.com reports. They currently have a $31.00 target price on the bank’s stock. Piper Jaffray Companies’ price target suggests a potential downside of 3.28% from the stock’s previous close.
BXS has been the subject of several other research reports. Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Wednesday, August 2nd. BidaskClub lowered BancorpSouth from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Brean Capital restated a “hold” rating on shares of BancorpSouth in a research note on Wednesday, August 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $31.00 price target on shares of BancorpSouth in a research note on Friday, September 8th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $33.00 price target on shares of BancorpSouth in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $32.67.
BancorpSouth (NYSE BXS) traded up 0.94% during trading on Thursday, hitting $32.05. The stock had a trading volume of 450,854 shares. BancorpSouth has a 52-week low of $22.23 and a 52-week high of $32.70. The firm’s 50-day moving average price is $29.83 and its 200-day moving average price is $29.98. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 19.74 and a beta of 1.43.
BancorpSouth (NYSE:BXS) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $187.78 million. During the same quarter in the previous year, the business earned $0.39 EPS. Analysts predict that BancorpSouth will post $1.66 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can boosted its holdings in BancorpSouth by 3.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 50,313 shares of the bank’s stock worth $1,531,000 after buying an additional 1,834 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in BancorpSouth by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 344,778 shares of the bank’s stock worth $10,430,000 after buying an additional 7,684 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in BancorpSouth in the 1st quarter worth about $625,000. Massachusetts Financial Services Co. MA boosted its holdings in BancorpSouth by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 45,052 shares of the bank’s stock worth $1,363,000 after buying an additional 536 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in BancorpSouth by 0.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 6,776 shares of the bank’s stock worth $207,000 after buying an additional 54 shares during the last quarter. Institutional investors own 65.24% 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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