“Through a combination of internal growth and selective acquisitions, BXS has grown into a $13 Billion bank with ~ 260 branch locations in an eight-state market footprint. The Company’s largest market is its home state of Mississippi where it has ~ 30% of its loans and ~ 46% of its deposits. Outside of Mississippi BXS holds relatively low market share positions which should allow for good growth opportunities going forward. A few of the bigger markets for growth potential include: Birmingham; Nashville; and St. Louis.,” the firm’s analyst wrote.
Shares of BancorpSouth traded up 0.13% during mid-day trading on Monday, hitting $15.64. BancorpSouth has a 52 week low of $12.40 and a 52 week high of $16.04. The stock’s 50-day moving average is currently $14.93. The company has a market cap of $1.479 billion and a P/E ratio of 17.37.
Other equities research analysts have also recently issued reports about the stock. Analysts at BB&T initiated coverage on shares of BancorpSouth in a research note to investors on Thursday, January 10th. They set a hold rating on the stock. Finally, analysts at Keefe, Bruyette & Woods downgraded shares of BancorpSouth from a market perform rating to an underperform rating in a research note to investors on Friday, January 4th. They now have a $12.00 price target on the stock. They noted that the move was a valuation call.
BancorpSouth, Inc. is a financial holding company. Through its principal bank subsidiary, BancorpSouth Bank (the Bank), the Company conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois.
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