BancorpSouth Bank (BXS) Stock Rating Reaffirmed by Stephens

BancorpSouth Bank (NYSE:BXS)‘s stock had its “buy” rating reaffirmed by stock analysts at Stephens in a report issued on Friday. They presently have a $39.00 price target on the bank’s stock. Stephens’ price target would suggest a potential upside of 12.39% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Brean Capital reissued a “hold” rating on shares of BancorpSouth Bank in a research note on Friday, October 20th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 target price on shares of BancorpSouth Bank in a research note on Thursday, October 12th. Hovde Group raised their target price on shares of BancorpSouth Bank from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Piper Jaffray Companies restated a “hold” rating and set a $35.00 price target on shares of BancorpSouth Bank in a report on Tuesday, January 9th. Finally, Royal Bank of Canada restated a “hold” rating and set a $33.00 price target on shares of BancorpSouth Bank in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. BancorpSouth Bank currently has a consensus rating of “Hold” and an average price target of $34.13.

BancorpSouth Bank (NYSE BXS) traded up $0.25 on Friday, reaching $34.70. 811,650 shares of the company’s stock were exchanged, 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. BancorpSouth Bank has a twelve month low of $27.20 and a twelve month high of $35.55. The stock has a market cap of $3,110.00, a price-to-earnings ratio of 21.29 and a beta of 1.41.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BXS. Riverhead Capital Management LLC increased its holdings in shares of BancorpSouth Bank 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 during the last quarter. Oakbrook Investments LLC acquired a new stake in BancorpSouth Bank in the 3rd quarter valued at approximately $202,000. Grandfield & Dodd LLC acquired a new stake in BancorpSouth Bank in the 3rd quarter valued at approximately $203,000. Crossmark Global Holdings Inc. acquired a new stake in BancorpSouth Bank in the 3rd quarter valued at approximately $203,000. Finally, Shelton Capital Management acquired a new stake in BancorpSouth Bank in the 3rd quarter valued at approximately $210,000. Institutional investors and hedge funds own 66.51% of the company’s stock.

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About BancorpSouth Bank

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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