BancorpSouth, Inc. (NYSE:BXS) Earns Hold Rating from Jefferies Group LLC
BancorpSouth, Inc. (NYSE:BXS)‘s stock had its “hold” rating restated by research analysts at Jefferies Group LLC in a research report issued on Friday. They presently have a $33.00 price target on the bank’s stock. Jefferies Group LLC’s price target indicates a potential upside of 15.59% from the company’s previous close.
A number of other analysts have also commented on BXS. Stephens reiterated a “buy” rating on shares of BancorpSouth in a report on Wednesday, April 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 price target on shares of BancorpSouth in a report on Monday, June 5th. BidaskClub upgraded BancorpSouth from a “sell” rating to a “hold” rating in a report on Friday, June 16th. ValuEngine upgraded BancorpSouth from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. BancorpSouth has an average rating of “Hold” and a consensus target price of $31.67.
Shares of BancorpSouth (NYSE BXS) opened at 28.55 on Friday. BancorpSouth has a 12 month low of $22.23 and a 12 month high of $32.40. The company has a 50-day moving average price of $30.24 and a 200-day moving average price of $30.27. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 17.58 and a beta of 1.39.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The business had revenue of $185.61 million for the quarter, compared to analyst estimates of $187.78 million. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. During the same period last year, the company posted $0.39 earnings per share. Equities analysts forecast that BancorpSouth will post $1.66 EPS for the current fiscal year.
In other news, Director James Elbert Campbell III bought 7,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average cost of $28.93 per share, with a total value of $202,510.00. Following the completion of the transaction, the director now directly owns 133,392 shares of the company’s stock, valued at approximately $3,859,030.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.63% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Bancorpsouth Inc. increased its stake in BancorpSouth by 0.3% in the second quarter. Bancorpsouth Inc. now owns 703,489 shares of the bank’s stock worth $21,456,000 after buying an additional 2,117 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in BancorpSouth by 2.8% in the second quarter. Parametric Portfolio Associates LLC now owns 113,259 shares of the bank’s stock worth $3,454,000 after buying an additional 3,119 shares in the last quarter. Northern Trust Corp increased its stake in BancorpSouth by 8.2% in the second quarter. Northern Trust Corp now owns 2,583,338 shares of the bank’s stock worth $78,792,000 after buying an additional 196,469 shares in the last quarter. Pinebridge Investments L.P. increased its stake in BancorpSouth by 3.2% in the second quarter. Pinebridge Investments L.P. now owns 44,828 shares of the bank’s stock worth $1,367,000 after buying an additional 1,406 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in BancorpSouth during the second quarter worth about $377,000. 66.96% of the stock is owned by institutional investors and hedge funds.
BancorpSouth Company Profile
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), 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.
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