BancorpSouth, Inc. (NYSE:BXS) PT Set at $35.00 by Stephens
BXS has been the topic of a number of other reports. Jefferies Group LLC reaffirmed a hold rating and issued a $33.00 target price on shares of BancorpSouth in a research report on Monday, May 15th. Zacks Investment Research lowered BancorpSouth from a buy rating to a hold rating in a research report on Thursday, April 6th. Brean Capital reaffirmed a hold rating on shares of BancorpSouth in a research report on Thursday, July 20th. ValuEngine raised BancorpSouth from a hold rating to a buy rating in a research report on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $32.00 target price on shares of BancorpSouth in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $31.67.
BancorpSouth (NYSE BXS) opened at 29.95 on Thursday. The firm has a 50-day moving average of $30.41 and a 200 day moving average of $30.32. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 18.44 and a beta of 1.40. BancorpSouth has a 52 week low of $22.23 and a 52 week high of $32.40.
BancorpSouth (NYSE:BXS) last announced its earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The company had revenue of $185.61 million for the quarter, compared to analyst estimates of $187.78 million. During the same period in the prior year, the company posted $0.39 EPS. On average, analysts anticipate that BancorpSouth will post $1.66 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.87%. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 14th. BancorpSouth’s payout ratio is 30.86%.
In other news, Director James Elbert Campbell III purchased 7,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of $28.93 per share, for a total transaction of $202,510.00. Following the acquisition, the director now owns 133,392 shares of the company’s stock, valued at $3,859,030.56. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.63% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock worth $107,000 after buying an additional 1,341 shares during the period. Sei Investments Co. increased its stake in shares of BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock worth $136,000 after buying an additional 2,498 shares during the period. US Bancorp DE increased its stake in shares of BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock worth $155,000 after buying an additional 711 shares during the period. LS Investment Advisors LLC increased its stake in shares of BancorpSouth by 15.8% in the second quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock worth $202,000 after buying an additional 901 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in shares of BancorpSouth during the first quarter worth $215,000. Institutional investors and hedge funds own 66.96% of the company’s stock.
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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