BancorpSouth (BXS) Receiving Somewhat Favorable Press Coverage, Report Finds
News headlines about BancorpSouth (NYSE:BXS) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BancorpSouth earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.0766321182397 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s analysis:
- BancorpSouth Marks 20 Years on the Big Board by Ringing the Opening Bell at the New York Stock Exchange (finance.yahoo.com)
- BancorpSouth (BXS) Stock Rating Reaffirmed by Brean Capital (americanbankingnews.com)
- BancorpSouth, Inc. to Issue Quarterly Dividend of $0.14 (BXS) (americanbankingnews.com)
- BancorpSouth, Inc. (BXS) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- BancorpSouth, Inc. (BXS) Expected to Announce Quarterly Sales of $186.53 Million (americanbankingnews.com)
A number of analysts recently weighed in on the stock. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth in a report on Tuesday, December 5th. Zacks Investment Research raised shares of BancorpSouth from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. SunTrust Banks reaffirmed a “hold” rating and set a $34.00 target price on shares of BancorpSouth in a report on Wednesday, November 29th. Royal Bank of Canada reaffirmed a “hold” rating and set a $31.00 target price on shares of BancorpSouth in a report on Friday, September 8th. Finally, Hovde Group upped their target price on shares of BancorpSouth from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. BancorpSouth currently has an average rating of “Hold” and an average target price of $33.13.
BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. BancorpSouth had a net margin of 19.59% and a return on equity of 8.97%. The business had revenue of $186.52 million during the quarter, compared to analysts’ expectations of $191.32 million. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. sell-side analysts forecast that BancorpSouth will post 1.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.70%. BancorpSouth’s dividend payout ratio is presently 33.94%.
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BancorpSouth Company Profile
BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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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