Shares of Bancorpsouth Bank (NYSE:BXS) have earned an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $32.00.
Several equities research analysts recently weighed in on the stock. ValuEngine upgraded shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks upgraded Bancorpsouth Bank from a “hold” rating to a “buy” rating and boosted their price target for the company from $32.00 to $33.00 in a research note on Wednesday, September 25th. DA Davidson started coverage on Bancorpsouth Bank in a report on Tuesday, August 20th. They issued a “neutral” rating and a $30.50 price target for the company. Finally, Piper Jaffray Companies began coverage on Bancorpsouth Bank in a research report on Wednesday, September 18th. They issued a “neutral” rating and a $32.50 price objective for the company.
Bancorpsouth Bank stock traded down $0.52 during mid-day trading on Tuesday, reaching $30.46. The company had a trading volume of 2,752 shares, compared to its average volume of 358,560. Bancorpsouth Bank has a 52 week low of $24.31 and a 52 week high of $33.45. The company has a 50 day moving average of $30.81 and a 200-day moving average of $29.06. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 13.66 and a beta of 1.44.
Bancorpsouth Bank (NYSE:BXS) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $242.03 million for the quarter, compared to the consensus estimate of $238.70 million. Bancorpsouth Bank had a net margin of 21.23% and a return on equity of 10.51%. During the same quarter in the previous year, the firm posted $0.56 EPS. On average, equities research analysts predict that Bancorpsouth Bank will post 2.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.185 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.74 dividend on an annualized basis and a yield of 2.43%. Bancorpsouth Bank’s dividend payout ratio is currently 33.18%.
Several hedge funds have recently made changes to their positions in BXS. Point72 Asset Management L.P. bought a new position in shares of Bancorpsouth Bank during the 3rd quarter worth about $77,000. Tower Research Capital LLC TRC raised its position in Bancorpsouth Bank by 160.1% in the third quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the bank’s stock worth $80,000 after purchasing an additional 1,670 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bancorpsouth Bank by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,937 shares of the bank’s stock worth $172,000 after purchasing an additional 793 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Bancorpsouth Bank by 74.3% during the second quarter. Meeder Asset Management Inc. now owns 6,239 shares of the bank’s stock worth $181,000 after purchasing an additional 2,659 shares during the period. Finally, Strs Ohio lifted its stake in Bancorpsouth Bank by 8.7% during the third quarter. Strs Ohio now owns 7,500 shares of the bank’s stock worth $222,000 after purchasing an additional 600 shares during the period. Institutional investors own 62.14% of the company’s stock.
Bancorpsouth Bank Company Profile
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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