BancorpSouth (NYSE:BXS)‘s stock had its “hold” rating reaffirmed by investment analysts at SunTrust Banks in a report released on Wednesday. They presently have a $34.00 target price on the bank’s stock. SunTrust Banks’ target price indicates a potential upside of 4.13% from the company’s current price.

A number of other brokerages also recently weighed in on BXS. Zacks Investment Research downgraded BancorpSouth from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Royal Bank Of Canada reiterated a “hold” rating and set a $33.00 price target on shares of BancorpSouth in a report on Friday, October 20th. Hovde Group lifted their price target on BancorpSouth from $32.00 to $33.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 price target on shares of BancorpSouth in a report on Thursday, October 12th. Finally, Brean Capital reissued a “hold” rating on shares of BancorpSouth in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. BancorpSouth has a consensus rating of “Hold” and a consensus target price of $33.13.

Shares of BancorpSouth (BXS) traded up $1.30 during midday trading on Wednesday, hitting $32.65. The company had a trading volume of 696,900 shares, compared to its average volume of 533,505. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.02. The firm has a market cap of $2,990.00, a PE ratio of 19.08 and a beta of 1.41. BancorpSouth has a twelve month low of $27.20 and a twelve month high of $32.70.

BancorpSouth (NYSE:BXS) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. BancorpSouth had a return on equity of 8.97% and a net margin of 19.59%. The business had revenue of $186.52 million for the quarter, compared to the consensus estimate of $191.32 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. BancorpSouth’s revenue for the quarter was up .5% compared to the same quarter last year. sell-side analysts expect that BancorpSouth will post 1.65 EPS for the current year.

Several large investors have recently made changes to their positions in the business. Shelton Capital Management acquired a new stake in shares of BancorpSouth in the third quarter worth about $210,000. GSA Capital Partners LLP lifted its position in shares of BancorpSouth by 301.9% during the 3rd quarter. GSA Capital Partners LLP now owns 49,689 shares of the bank’s stock worth $1,593,000 after purchasing an additional 37,324 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of BancorpSouth by 15.8% during the 3rd quarter. Sterling Capital Management LLC now owns 72,882 shares of the bank’s stock worth $2,336,000 after purchasing an additional 9,933 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of BancorpSouth by 2.2% during the 3rd quarter. California Public Employees Retirement System now owns 235,485 shares of the bank’s stock worth $7,547,000 after purchasing an additional 5,174 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of BancorpSouth during the 3rd quarter worth about $242,000. 66.31% of the stock is owned by institutional investors.

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About BancorpSouth

BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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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