BancorpSouth’s (BXS) Hold Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada reissued their hold rating on shares of BancorpSouth, Inc. (NYSE:BXS) in a research report report published on Friday. They currently have a $31.00 price objective on the bank’s stock.
Several other brokerages have also recently weighed in on BXS. Piper Jaffray Companies reissued a hold rating and set a $31.00 price target on shares of BancorpSouth in a research report on Friday, July 21st. BidaskClub cut shares of 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 target on shares of BancorpSouth in a research report on Monday, June 5th. Jefferies Group LLC reissued a hold rating and set a $33.00 price target on shares of BancorpSouth in a research report on Friday, July 14th. Finally, Zacks Investment Research raised shares of BancorpSouth from a hold rating to a buy rating and set a $34.00 price target for the company in a research report 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. The company has a consensus rating of Hold and an average price target of $32.67.
BancorpSouth (NYSE:BXS) opened at 28.15 on Friday. BancorpSouth has a 12-month low of $22.23 and a 12-month high of $32.40. The company has a 50-day moving average of $29.36 and a 200 day moving average of $30.07. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 17.33 and a beta of 1.40.
BancorpSouth (NYSE:BXS) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $185.61 million during the quarter, compared to analysts’ expectations of $187.78 million. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. During the same quarter in the prior year, the company posted $0.39 EPS. Equities analysts expect that BancorpSouth will post $1.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.99%. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 14th. BancorpSouth’s dividend payout ratio (DPR) is currently 30.86%.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of BancorpSouth by 17,271.2% in the 1st quarter. BlackRock Inc. now owns 9,111,731 shares of the bank’s stock worth $275,630,000 after purchasing an additional 9,059,278 shares during the period. Vanguard Group Inc. lifted its position in shares of BancorpSouth by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 6,965,034 shares of the bank’s stock worth $210,692,000 after purchasing an additional 331,845 shares during the period. State Street Corp lifted its position in shares of BancorpSouth by 6.8% in the 2nd quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock worth $149,028,000 after purchasing an additional 310,447 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of BancorpSouth by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,141,704 shares of the bank’s stock worth $125,288,000 after purchasing an additional 101,542 shares during the period. Finally, Northern Trust Corp lifted its position in shares of BancorpSouth by 8.2% in the 2nd quarter. Northern Trust Corp now owns 2,583,338 shares of the bank’s stock worth $78,792,000 after purchasing an additional 196,469 shares during the period. 65.50% of the stock is owned by hedge funds and other institutional investors.
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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