ValuEngine upgraded shares of Bancorpsouth Bank (NYSE:BXS) from a sell rating to a hold rating in a research report report published on Monday, February 4th.
A number of other research analysts have also commented on BXS. SunTrust Banks lowered their price target on Bancorpsouth Bank to $31.00 and set a hold rating for the company in a research report on Monday, October 22nd. Royal Bank of Canada lowered their price target on Bancorpsouth Bank to $32.00 and set a market perform rating for the company in a research report on Friday, October 19th. Stephens set a $35.00 price target on Bancorpsouth Bank and gave the company a buy rating in a research report on Thursday, November 1st. Zacks Investment Research lowered Bancorpsouth Bank from a hold rating to a sell rating in a research report on Tuesday, October 9th. Finally, Brean Capital reaffirmed a hold rating on shares of Bancorpsouth Bank in a research report on Friday, January 25th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Bancorpsouth Bank currently has a consensus rating of Hold and a consensus price target of $33.50.
Shares of BXS traded down $0.09 during midday trading on Monday, reaching $32.50. The stock had a trading volume of 756,308 shares, compared to its average volume of 556,650. Bancorpsouth Bank has a 12-month low of $24.31 and a 12-month high of $35.45. The stock has a market capitalization of $2.94 billion, a P/E ratio of 14.57 and a beta of 1.41.
Bancorpsouth Bank (NYSE:BXS) last posted its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $211.91 million during the quarter, compared to analysts’ expectations of $221.38 million. Bancorpsouth Bank had a return on equity of 10.43% and a net margin of 23.66%. During the same period in the prior year, the business earned $0.41 EPS. Research analysts expect that Bancorpsouth Bank will post 2.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, March 14th. Bancorpsouth Bank’s dividend payout ratio is currently 30.49%.
Several large investors have recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Bancorpsouth Bank by 11.2% in the 4th quarter. Legal & General Group Plc now owns 98,697 shares of the bank’s stock worth $2,580,000 after acquiring an additional 9,911 shares in the last quarter. Howard Financial Services LTD. bought a new position in Bancorpsouth Bank during the 4th quarter valued at approximately $1,156,000. Thrivent Financial for Lutherans increased its position in Bancorpsouth Bank by 11.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 873,862 shares of the bank’s stock valued at $22,842,000 after buying an additional 87,851 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Bancorpsouth Bank during the 4th quarter valued at approximately $558,000. Finally, Metropolitan Life Insurance Co. NY increased its position in Bancorpsouth Bank by 80.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 54,635 shares of the bank’s stock valued at $1,428,000 after buying an additional 24,430 shares in the last quarter. 72.90% of the stock is owned by hedge funds and other institutional investors.
Bancorpsouth Bank Company Profile
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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