Brokerages Set BancorpSouth Bank (NYSE:BXS) PT at $30.17

BancorpSouth Bank (NYSE:BXS) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $30.17.

BXS has been the topic of a number of recent analyst reports. Raymond James upgraded BancorpSouth Bank from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, August 31st. DA Davidson upgraded BancorpSouth Bank from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Friday, June 18th.

A number of large investors have recently added to or reduced their stakes in BXS. Red Door Wealth Management LLC acquired a new position in BancorpSouth Bank during the second quarter worth $27,000. Toronto Dominion Bank lifted its stake in BancorpSouth Bank by 117.9% during the second quarter. Toronto Dominion Bank now owns 2,528 shares of the bank’s stock worth $72,000 after purchasing an additional 1,368 shares in the last quarter. Signaturefd LLC increased its position in shares of BancorpSouth Bank by 57.0% during the first quarter. Signaturefd LLC now owns 2,674 shares of the bank’s stock worth $87,000 after acquiring an additional 971 shares during the period. Captrust Financial Advisors increased its position in shares of BancorpSouth Bank by 1,251.0% during the first quarter. Captrust Financial Advisors now owns 2,837 shares of the bank’s stock worth $93,000 after acquiring an additional 2,627 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of BancorpSouth Bank during the first quarter worth $94,000. Institutional investors own 70.50% of the company’s stock.

Shares of BancorpSouth Bank stock traded up $0.25 on Friday, hitting $28.63. 13,389 shares of the company were exchanged, compared to its average volume of 743,774. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 10.14 and a beta of 1.25. The company has a 50-day moving average price of $27.62 and a 200 day moving average price of $29.75. BancorpSouth Bank has a 1-year low of $18.10 and a 1-year high of $35.59. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 0.11.

BancorpSouth Bank (NYSE:BXS) last issued its earnings results on Thursday, July 22nd. The bank reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.14). The company had revenue of $282.13 million for the quarter, compared to analyst estimates of $268.62 million. BancorpSouth Bank had a return on equity of 11.62% and a net margin of 26.05%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Research analysts forecast that BancorpSouth Bank will post 2.51 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Wednesday, September 15th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.79%. This is a boost from BancorpSouth Bank’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, September 14th. BancorpSouth Bank’s dividend payout ratio is 33.04%.

BancorpSouth Bank Company Profile

BancorpSouth Bank engages in conducting general commercial banking, trust, and insurance businesses through offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas, and Illinois. It operates through the following segments: Banking Services Group, Mortgage, Insurance Agencies, Wealth Management, and General Corporate and Other.

Featured Story: Dead Cat Bounce

Analyst Recommendations for BancorpSouth Bank (NYSE:BXS)

Receive News & Ratings for BancorpSouth Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancorpSouth Bank and related companies with MarketBeat.com's FREE daily email newsletter.