Bancorpsouth Bank (NYSE:BXS) has received an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $33.80.
BXS has been the subject of a number of analyst reports. Stephens reissued a “buy” rating and issued a $37.00 price objective on shares of Bancorpsouth Bank in a research note on Thursday, October 18th. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a research note on Thursday, October 18th. ValuEngine cut shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Royal Bank of Canada reduced their price objective on shares of Bancorpsouth Bank to $32.00 and set a “market perform” rating for the company in a research note on Friday, October 19th. Finally, SunTrust Banks reduced their price objective on shares of Bancorpsouth Bank to $31.00 and set a “hold” rating for the company in a research note on Monday, October 22nd.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC bought a new stake in Bancorpsouth Bank during the 2nd quarter valued at about $792,000. California Public Employees Retirement System lifted its stake in Bancorpsouth Bank by 12.4% during the 2nd quarter. California Public Employees Retirement System now owns 272,662 shares of the bank’s stock valued at $8,984,000 after acquiring an additional 30,128 shares during the period. Bank of New York Mellon Corp lifted its stake in Bancorpsouth Bank by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,186,363 shares of the bank’s stock valued at $39,090,000 after acquiring an additional 17,027 shares during the period. Arbor Investment Advisors LLC acquired a new stake in Bancorpsouth Bank during the 3rd quarter valued at approximately $1,851,000. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Bancorpsouth Bank by 10.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 24,600 shares of the bank’s stock valued at $804,000 after purchasing an additional 2,400 shares during the period. 74.57% of the stock is owned by institutional investors.
Shares of NYSE BXS traded up $0.09 during midday trading on Wednesday, reaching $30.45. The stock had a trading volume of 188,699 shares, compared to its average volume of 467,746. The stock has a market cap of $2.74 billion, a PE ratio of 13.65 and a beta of 1.41. Bancorpsouth Bank has a 12-month low of $24.31 and a 12-month high of $35.45.
Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 net margin of 23.66% and a return on equity of 10.43%. During the same period in the prior year, the company posted $0.41 earnings per share. On average, sell-side analysts expect that Bancorpsouth Bank will post 2.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.68 annualized dividend and a yield of 2.23%. Bancorpsouth Bank’s payout ratio is 30.49%.
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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