BancorpSouth Bank (BXS) Receives Average Rating of “Hold” from Analysts

Shares of BancorpSouth Bank (NYSE:BXS) have been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $34.14.

A number of equities analysts have weighed in on BXS shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 price target on shares of BancorpSouth Bank in a research report on Thursday, October 12th. Piper Jaffray Companies restated a “neutral” rating and set a $31.00 target price on shares of BancorpSouth Bank in a research report on Thursday, October 5th. Royal Bank of Canada restated a “hold” rating and set a $33.00 target price on shares of BancorpSouth Bank in a research report on Friday, October 20th. Brean Capital restated a “hold” rating on shares of BancorpSouth Bank in a research report on Thursday. Finally, SunTrust Banks restated a “hold” rating and set a $34.00 target price on shares of BancorpSouth Bank in a research report on Wednesday, November 29th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC raised its stake in shares of BancorpSouth Bank by 92.5% in the second quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock valued at $112,000 after acquiring an additional 1,757 shares during the period. Oakbrook Investments LLC bought a new position in BancorpSouth Bank during the 3rd quarter worth about $202,000. Grandfield & Dodd LLC bought a new position in BancorpSouth Bank during the 3rd quarter worth about $203,000. Crossmark Global Holdings Inc. bought a new position in BancorpSouth Bank during the 3rd quarter worth about $203,000. Finally, Shelton Capital Management bought a new stake in shares of BancorpSouth Bank in the 3rd quarter valued at about $210,000. 66.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of BancorpSouth Bank (NYSE BXS) traded up $0.25 during midday trading on Friday, reaching $34.70. 811,650 shares of the company traded hands, compared to its average volume of 656,840. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.85 and a quick ratio of 0.87. The company has a market capitalization of $3,110.00, a price-to-earnings ratio of 21.29 and a beta of 1.41. BancorpSouth Bank has a 12 month low of $27.20 and a 12 month high of $35.55.

BancorpSouth Bank (NYSE:BXS) last announced its earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $184.46 million during the quarter, compared to analyst estimates of $187.12 million. BancorpSouth Bank had a net margin of 19.59% and a return on equity of 9.01%. During the same period in the previous year, the business posted $0.40 earnings per share. analysts predict that BancorpSouth Bank will post 2.18 EPS for the current fiscal year.

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BancorpSouth Bank Company Profile

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 Bank (NYSE:BXS)

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