BancorpSouth, Inc. (BXS) Receives Hold Rating from Brean Capital
BancorpSouth, Inc. (NYSE:BXS)‘s stock had its “hold” rating reiterated by investment analysts at Brean Capital in a report issued on Friday.
A number of other research analysts have also recently weighed in on the stock. BidaskClub cut shares of BancorpSouth from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Friday, July 21st. ValuEngine upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price objective on shares of BancorpSouth in a research report on Friday, July 14th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 price objective on shares of BancorpSouth in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.67.
Shares of BancorpSouth (NYSE BXS) traded up 1.41% during midday trading on Friday, hitting $32.30. 530,735 shares of the stock were exchanged. The firm has a 50-day moving average of $30.75 and a 200-day moving average of $30.14. BancorpSouth has a 1-year low of $22.65 and a 1-year high of $32.70. The company has a market capitalization of $2.94 billion, a P/E ratio of 19.89 and a beta of 1.43.
BancorpSouth (NYSE:BXS) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. BancorpSouth had a net margin of 19.59% and a return on equity of 8.96%. The business had revenue of $186.52 million for the quarter, compared to analysts’ expectations of $191.32 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, equities analysts expect that BancorpSouth will post $1.66 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in BXS. US Bancorp DE lifted its stake in BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock worth $155,000 after acquiring an additional 711 shares during the period. UBS Asset Management Americas Inc. lifted its stake in BancorpSouth by 22.2% in the first quarter. UBS Asset Management Americas Inc. now owns 51,836 shares of the bank’s stock worth $1,568,000 after acquiring an additional 9,406 shares during the period. Karp Capital Management Corp purchased a new stake in BancorpSouth in the first quarter worth about $507,000. Sei Investments Co. lifted its stake in BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock worth $136,000 after acquiring an additional 2,498 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in BancorpSouth by 4.3% in the first quarter. Parametric Portfolio Associates LLC now owns 110,140 shares of the bank’s stock worth $3,332,000 after acquiring an additional 4,578 shares during the period. 65.24% of the stock is owned by institutional investors.
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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