BancorpSouth Inc. (BXS) Stock Price Up 2.8%
BancorpSouth Inc. (NYSE:BXS) shares rose 2.8% during mid-day trading on Thursday . The company traded as high as $23.98 and last traded at $23.91, with a volume of 541,587 shares changing hands. The stock had previously closed at $23.26.
BXS has been the subject of a number of research analyst reports. FBR & Co reaffirmed a “buy” rating on shares of BancorpSouth in a report on Saturday, July 9th. Zacks Investment Research cut shares of BancorpSouth from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Keefe, Bruyette & Woods raised shares of BancorpSouth from a “market perform” rating to an “outperform” rating and increased their target price for the company from $24.00 to $25.00 in a report on Thursday, June 30th. Royal Bank Of Canada increased their target price on shares of BancorpSouth from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. Finally, Hovde Group increased their price target on shares of BancorpSouth from $21.50 to $25.00 and gave the company a “market perform” rating in a research report on Friday, April 22nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $24.64.
The company’s 50 day moving average is $22.64 and its 200-day moving average is $21.81. The firm has a market cap of $2.26 billion and a price-to-earnings ratio of 19.37.
BancorpSouth (NYSE:BXS) last issued its earnings results on Wednesday, April 20th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.03. During the same period last year, the business posted $0.33 earnings per share. Equities research analysts predict that BancorpSouth Inc. will post $1.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, June 13th.
A number of hedge funds and institutional investors have added to or reduced their stakes in BXS. Victory Capital Management Inc. boosted its position in BancorpSouth by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,408,828 shares of the company’s stock worth $57,788,000 after buying an additional 129,801 shares in the last quarter. Wells Fargo & Company MN boosted its position in BancorpSouth by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 506,912 shares of the company’s stock worth $12,161,000 after buying an additional 4,422 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in BancorpSouth by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 59,595 shares of the company’s stock worth $1,430,000 after buying an additional 1,474 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in BancorpSouth by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 56,165 shares of the company’s stock worth $1,346,000 after buying an additional 19,058 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its position in BancorpSouth by 4.3% in the fourth quarter. OppenheimerFunds Inc. now owns 1,459,542 shares of the company’s stock worth $35,014,000 after buying an additional 60,424 shares in the last quarter.
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 Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois. The Bank and its subsidiaries provide a range of financial services to individuals and small-to-medium size businesses.
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