BancorpSouth, Inc. (BXS) PT Raised to $33.00
BancorpSouth, Inc. (NYSE:BXS) had its price objective increased by equities researchers at Hovde Group from $32.00 to $33.00 in a research note issued on Monday. The brokerage currently has a “market perform” rating on the bank’s stock. Hovde Group’s target price suggests a potential upside of 2.01% from the company’s previous close.
Other analysts also recently issued reports about the stock. 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 Wednesday, August 2nd. Stephens set a $35.00 price objective on shares of BancorpSouth and gave the company a “buy” rating in a research report on Thursday, July 27th. ValuEngine upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Royal Bank Of Canada reiterated a “hold” rating and issued a $31.00 price objective on shares of BancorpSouth in a research report on Friday, September 8th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $31.00 price objective on shares of BancorpSouth in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $33.00.
BancorpSouth (BXS) opened at 32.35 on Monday. BancorpSouth has a 52 week low of $22.70 and a 52 week high of $32.70. The stock’s 50 day moving average is $30.85 and its 200-day moving average is $30.16. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 19.92 and a beta of 1.43.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $186.52 million for the quarter, compared to the consensus estimate of $191.32 million. BancorpSouth had a net margin of 19.59% and a return on equity of 8.98%. BancorpSouth’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $0.40 EPS. On average, equities research analysts expect that BancorpSouth will post $1.66 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in BXS. Creative Planning raised its position in shares of BancorpSouth by 65.6% during the 3rd quarter. Creative Planning now owns 4,369 shares of the bank’s stock worth $101,000 after buying an additional 1,730 shares in the last quarter. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of BancorpSouth during the 3rd quarter worth about $105,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BancorpSouth by 61.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock worth $107,000 after buying an additional 1,341 shares in the last quarter. US Bancorp DE raised its position in shares of BancorpSouth by 36.3% during the 3rd quarter. US Bancorp DE now owns 4,715 shares of the bank’s stock worth $109,000 after buying an additional 1,255 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in shares of BancorpSouth by 92.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock worth $112,000 after buying an additional 1,757 shares in 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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