BancorpSouth, Inc. (BXS) Given Consensus Rating of “Hold” by Brokerages
Shares of BancorpSouth, Inc. (NYSE:BXS) have earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $28.80.
A number of equities analysts have recently weighed in on BXS shares. Zacks Investment Research lowered BancorpSouth from a “hold” rating to a “sell” rating in a research note on Wednesday, March 15th. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 target price on shares of BancorpSouth in a research note on Monday, May 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 target price on shares of BancorpSouth in a research note on Wednesday, April 5th. BidaskClub raised BancorpSouth from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Stephens reissued a “buy” rating on shares of BancorpSouth in a research report on Wednesday, April 19th.
In other news, Director James Elbert Campbell III acquired 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were bought at an average price of $28.93 per share, with a total value of $202,510.00. Following the acquisition, the director now directly owns 133,392 shares in the company, valued at approximately $3,859,030.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.63% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BXS. Quantbot Technologies LP bought a new position in shares of BancorpSouth during the third quarter valued at about $750,000. BlackRock Advisors LLC raised its position in shares of BancorpSouth by 11.5% in the third quarter. BlackRock Advisors LLC now owns 44,752 shares of the bank’s stock valued at $1,038,000 after buying an additional 4,599 shares in the last quarter. Teachers Advisors LLC raised its position in shares of BancorpSouth by 0.9% in the third quarter. Teachers Advisors LLC now owns 135,686 shares of the bank’s stock valued at $3,148,000 after buying an additional 1,247 shares in the last quarter. BlackRock Group LTD raised its position in shares of BancorpSouth by 43.9% in the third quarter. BlackRock Group LTD now owns 154,931 shares of the bank’s stock valued at $3,594,000 after buying an additional 47,265 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of BancorpSouth by 0.8% in the third quarter. California State Teachers Retirement System now owns 183,346 shares of the bank’s stock valued at $4,254,000 after buying an additional 1,400 shares in the last quarter. 69.45% of the stock is currently owned by institutional investors.
BancorpSouth (BXS) traded down 0.33% during trading on Monday, reaching $30.35. The company’s stock had a trading volume of 1,260,733 shares. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 19.25 and a beta of 1.42. The stock’s 50-day moving average is $29.88 and its 200 day moving average is $30.30. BancorpSouth has a 52-week low of $20.50 and a 52-week high of $32.40.
BancorpSouth (NYSE:BXS) last released its quarterly earnings data on Wednesday, April 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $185.48 million for the quarter, compared to analyst estimates of $186.40 million. BancorpSouth had a return on equity of 8.65% and a net margin of 19.19%. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, analysts predict that BancorpSouth will post $1.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Tuesday, June 13th. BancorpSouth’s dividend payout ratio (DPR) is 31.65%.
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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