BancorpSouth’s (BXS) “Hold” Rating Reaffirmed at Brean Capital
BXS has been the subject of a number of other reports. BidaskClub cut BancorpSouth from a hold rating to a sell rating in a research note on Saturday, June 24th. Jefferies Group LLC reaffirmed a hold rating and set a $33.00 price objective on shares of BancorpSouth in a research note on Friday, July 14th. Zacks Investment Research raised BancorpSouth from a hold rating to a buy rating and set a $34.00 price objective for the company in a research note on Friday, July 21st. Piper Jaffray Companies reaffirmed a hold rating and set a $31.00 price objective on shares of BancorpSouth in a research note on Friday, July 21st. Finally, Stephens set a $35.00 price objective on BancorpSouth and gave the stock a buy rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $33.00.
Shares of BancorpSouth (NYSE:BXS) traded up 1.57% on Friday, reaching $32.35. The company had a trading volume of 734,533 shares. The company has a 50-day moving average price of $30.85 and a 200-day moving average price of $30.16. BancorpSouth has a one year low of $22.85 and a one year high of $32.70. The firm has a market cap of $2.94 billion, a P/E ratio of 19.92 and a beta of 1.43.
BancorpSouth (NYSE:BXS) last released its earnings results on Thursday, October 19th. The bank reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $186.52 million during the quarter, compared to analysts’ expectations of $191.32 million. BancorpSouth had a return on equity of 8.98% and a net margin of 19.59%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. On average, analysts expect that BancorpSouth will post $1.66 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.73%. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, September 14th. BancorpSouth’s payout ratio is presently 33.94%.
Institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC lifted its holdings in shares of BancorpSouth by 92.5% in the second quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock valued at $112,000 after purchasing an additional 1,757 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BancorpSouth by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock valued at $117,000 after purchasing an additional 316 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after purchasing an additional 2,498 shares in the last quarter. US Bancorp DE lifted its holdings in shares of BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock valued at $155,000 after purchasing an additional 711 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its holdings 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 valued at $202,000 after purchasing an additional 901 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.
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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