BancorpSouth Inc. (BXS) Lowered to Market Perform at Keefe, Bruyette & Woods
BXS has been the subject of several other reports. Royal Bank Of Canada cut shares of BancorpSouth from an outperform rating to a sector perform rating and decreased their price objective for the company from $26.00 to $25.00 in a report on Friday, October 21st. Zacks Investment Research upgraded shares of BancorpSouth from a sell rating to a hold rating in a report on Monday, September 19th. Raymond James Financial Inc. cut shares of BancorpSouth from a market perform rating to an underperform rating in a report on Thursday, October 6th. Finally, RBC Capital Markets cut shares of BancorpSouth from an outperform rating to a sector perform rating and reduced their target price for the stock from $26.00 to $25.00 in a report on Friday, October 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. BancorpSouth has a consensus rating of Hold and an average target price of $24.50.
Shares of BancorpSouth (NYSE:BXS) opened at 28.45 on Tuesday. The stock’s 50 day moving average is $25.19 and its 200 day moving average is $23.87. BancorpSouth has a 52 week low of $18.69 and a 52 week high of $29.45. The stock has a market capitalization of $2.66 billion, a PE ratio of 23.17 and a beta of 1.22.
BancorpSouth (NYSE:BXS) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. The company earned $185.50 million during the quarter, compared to the consensus estimate of $193.14 million. BancorpSouth had a net margin of 15.47% and a return on equity of 8.40%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. Analysts anticipate that BancorpSouth will post $1.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.76%. BancorpSouth’s dividend payout ratio (DPR) is presently 40.65%.
Large investors have recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in shares of BancorpSouth by 10.3% in the second quarter. SG Americas Securities LLC now owns 29,978 shares of the company’s stock valued at $680,000 after buying an additional 2,801 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of BancorpSouth during the second quarter valued at approximately $4,869,000. Mutual of America Capital Management LLC increased its stake in shares of BancorpSouth by 12.3% in the second quarter. Mutual of America Capital Management LLC now owns 64,844 shares of the company’s stock valued at $1,471,000 after buying an additional 7,124 shares during the period. State Treasurer State of Michigan increased its stake in shares of BancorpSouth by 0.9% in the second quarter. State Treasurer State of Michigan now owns 34,100 shares of the company’s stock valued at $774,000 after buying an additional 300 shares during the period. Finally, Societe Generale purchased a new stake in shares of BancorpSouth during the second quarter valued at approximately $680,000. Institutional investors and hedge funds own 63.15% of the company’s stock.
BancorpSouth Company Profile
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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