Shares of Bancorpsouth Bank (NYSE:BXS) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $32.00.
A number of equities analysts have issued reports on BXS shares. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Stephens reaffirmed a “buy” rating and set a $31.00 price objective on shares of Fidelity Southern in a report on Thursday, April 18th. Finally, Zacks Investment Research cut GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Buffington Mohr McNeal bought a new stake in shares of Bancorpsouth Bank during the 1st quarter worth $42,000. NumerixS Investment Technologies Inc raised its stake in Bancorpsouth Bank by 480.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,900 shares of the bank’s stock valued at $75,000 after acquiring an additional 2,400 shares during the period. Meeder Asset Management Inc. bought a new stake in Bancorpsouth Bank in the 1st quarter valued at about $101,000. Hardy Reed LLC bought a new stake in Bancorpsouth Bank in the 1st quarter valued at about $203,000. Finally, Starr International Co. Inc. bought a new stake in Bancorpsouth Bank in the 1st quarter valued at about $220,000. Institutional investors own 65.16% of the company’s stock.
BXS traded up $0.30 during mid-day trading on Friday, reaching $29.10. 486,870 shares of the stock were exchanged, compared to its average volume of 433,625. The stock has a market capitalization of $2.88 billion, a PE ratio of 13.05 and a beta of 1.46. The business has a 50 day moving average of $28.29. Bancorpsouth Bank has a 1 year low of $24.31 and a 1 year high of $35.40.
Bancorpsouth Bank (NYSE:BXS) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. The firm had revenue of $216.77 million for the quarter, compared to the consensus estimate of $221.20 million. Bancorpsouth Bank had a net margin of 23.10% and a return on equity of 10.34%. During the same period in the previous year, the firm earned $0.54 EPS. Sell-side analysts predict that Bancorpsouth Bank will post 2.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Thursday, June 13th. Bancorpsouth Bank’s payout ratio is 30.49%.
About Bancorpsouth Bank
BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. The company also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.
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