BancorpSouth (BXS) Earns Daily News Sentiment Rating of 0.21
Press coverage about BancorpSouth (NYSE:BXS) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BancorpSouth earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.0371071637123 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of equities analysts have recently commented on BXS shares. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 price objective on shares of BancorpSouth in a research report on Friday, July 21st. Jefferies Group LLC reissued a “hold” rating and set a $33.00 price objective on shares of BancorpSouth in a research report on Friday, May 5th. BidaskClub downgraded BancorpSouth from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $32.00 price objective on shares of BancorpSouth in a research report on Monday, June 5th. Finally, Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $31.67.
Shares of BancorpSouth (NYSE:BXS) opened at 29.00 on Wednesday. The stock has a market cap of $2.64 billion, a PE ratio of 17.86 and a beta of 1.39. BancorpSouth has a 1-year low of $22.23 and a 1-year high of $32.40. The company’s 50-day moving average price is $29.86 and its 200 day moving average price is $30.19.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The firm had revenue of $185.61 million for the quarter, compared to analyst estimates of $187.78 million. During the same period in the previous year, the company posted $0.39 earnings per share. Equities analysts forecast that BancorpSouth will post $1.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.93%. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, September 14th. BancorpSouth’s payout ratio is currently 30.86%.
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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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