BancorpSouth, Inc. (BXS) Receives “Neutral” Rating from Piper Jaffray Companies
Piper Jaffray Companies reiterated their neutral rating on shares of BancorpSouth, Inc. (NYSE:BXS) in a report released on Thursday morning. The brokerage currently has a $31.00 price target on the bank’s stock.
Several other equities research analysts also recently issued reports on BXS. Zacks Investment Research downgraded BancorpSouth from a buy rating to a hold rating in a research note on Tuesday. Brean Capital reissued a hold rating on shares of BancorpSouth in a research note on Wednesday, August 2nd. Stephens set a $35.00 price objective on BancorpSouth and gave the stock a buy rating in a research note on Thursday, July 27th. BidaskClub downgraded BancorpSouth from a sell rating to a strong sell rating in a research note on Saturday, August 12th. Finally, Jefferies Group LLC reissued a hold rating and issued a $33.00 price objective on shares of BancorpSouth in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $32.67.
BancorpSouth (NYSE BXS) traded down 0.31% on Thursday, hitting $31.95. 436,076 shares of the stock were exchanged. The company has a market cap of $2.91 billion, a PE ratio of 19.67 and a beta of 1.43. The company’s 50-day moving average is $29.92 and its 200-day moving average is $30.00. BancorpSouth has a 52 week low of $22.23 and a 52 week high of $32.70.
BancorpSouth (NYSE:BXS) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $185.61 million during the quarter, compared to the consensus estimate of $187.78 million. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. During the same period in the prior year, the business earned $0.39 EPS. On average, analysts predict that BancorpSouth will post $1.66 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, September 14th. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.75%. BancorpSouth’s dividend payout ratio (DPR) is 34.57%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BancorpSouth by 61.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock worth $107,000 after purchasing an additional 1,341 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of BancorpSouth by 92.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock worth $112,000 after purchasing an additional 1,757 shares in the last quarter. Sei Investments Co. raised its stake in shares of BancorpSouth by 124.2% during the 1st quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock worth $136,000 after purchasing an additional 2,498 shares in the last quarter. US Bancorp DE raised its stake in shares of BancorpSouth by 16.0% during the 1st quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock worth $155,000 after purchasing an additional 711 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of BancorpSouth by 15.8% during the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock worth $202,000 after purchasing an additional 901 shares in the last quarter. 65.24% of the stock is owned by institutional investors.
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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