Bancorpsouth Bank (NYSE:BXS) hit a new 52-week low on Friday . The company traded as low as $30.19 and last traded at $29.62, with a volume of 31141 shares traded. The stock had previously closed at $30.85.

Several equities research analysts recently weighed in on BXS shares. Stephens restated a “buy” rating and set a $37.00 price target on shares of Bancorpsouth Bank in a research report on Monday, August 27th. Zacks Investment Research upgraded Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Wednesday, July 11th. Finally, Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a research report on Monday, August 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $36.17.

The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 18.07 and a beta of 1.42.

Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 18th. The bank reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. Bancorpsouth Bank had a return on equity of 9.90% and a net margin of 21.59%. The company had revenue of $214.58 million for the quarter, compared to analyst estimates of $214.20 million. During the same period in the previous year, the company posted $0.42 earnings per share. On average, equities analysts forecast that Bancorpsouth Bank will post 2.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, September 13th. This is a positive change from Bancorpsouth Bank’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 2.25%. Bancorpsouth Bank’s payout ratio is currently 40.72%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arbor Investment Advisors LLC bought a new stake in shares of Bancorpsouth Bank during the third quarter valued at approximately $1,851,000. Northern Trust Corp raised its stake in Bancorpsouth Bank by 3.7% during the second quarter. Northern Trust Corp now owns 2,677,676 shares of the bank’s stock valued at $88,229,000 after buying an additional 96,222 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Bancorpsouth Bank by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 1,186,363 shares of the bank’s stock valued at $39,090,000 after buying an additional 17,027 shares during the last quarter. California Public Employees Retirement System raised its stake in Bancorpsouth Bank by 12.4% during the second quarter. California Public Employees Retirement System now owns 272,662 shares of the bank’s stock valued at $8,984,000 after buying an additional 30,128 shares during the last quarter. Finally, Argent Trust Co purchased a new position in Bancorpsouth Bank during the second quarter valued at $884,000. Institutional investors own 73.57% of the company’s stock.

About Bancorpsouth Bank (NYSE:BXS)

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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