Piper Jaffray Companies restated their hold rating on shares of BancorpSouth Bank (NYSE:BXS) in a research report report published on Tuesday, January 9th. They currently have a $35.00 target price on the bank’s stock.
BXS has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of BancorpSouth Bank from a sell rating to a hold rating in a research note on Tuesday, October 24th. SunTrust Banks restated a hold rating and set a $34.00 price target on shares of BancorpSouth Bank in a research report on Wednesday, November 29th. Hovde Group raised their price target on shares of BancorpSouth Bank from $32.00 to $33.00 and gave the company a market perform rating in a research report on Monday, October 23rd. Brean Capital restated a hold rating on shares of BancorpSouth Bank in a research report on Tuesday, January 2nd. Finally, ValuEngine upgraded shares of BancorpSouth Bank from a hold rating to a buy rating in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $34.13.
BancorpSouth Bank (BXS) traded down $0.05 during trading on Tuesday, hitting $34.15. 214,528 shares of the stock were exchanged, compared to its average volume of 667,026. BancorpSouth Bank has a 12-month low of $27.20 and a 12-month high of $35.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market cap of $3,030.56 and a P/E ratio of 20.21.
BancorpSouth Bank (NYSE:BXS) last posted its earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $184.46 million for the quarter, compared to the consensus estimate of $187.12 million. BancorpSouth Bank had a net margin of 19.59% and a return on equity of 9.01%. During the same period in the previous year, the firm posted $0.40 EPS. sell-side analysts forecast that BancorpSouth Bank will post 2.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio is currently 33.74%.
Several large investors have recently bought and sold shares of the company. Riverhead Capital Management LLC lifted its position in shares of BancorpSouth Bank 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 buying an additional 1,757 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BancorpSouth Bank by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock worth $117,000 after purchasing an additional 316 shares in the last quarter. Oakbrook Investments LLC bought a new stake in BancorpSouth Bank during the 3rd quarter worth approximately $202,000. Grandfield & Dodd LLC bought a new stake in BancorpSouth Bank during the 3rd quarter worth approximately $203,000. Finally, Crossmark Global Holdings Inc. bought a new stake in BancorpSouth Bank during the 3rd quarter worth approximately $203,000. 66.51% of the stock is currently owned by hedge funds and other institutional investors.
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About BancorpSouth Bank
BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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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