BancorpSouth Inc. (BXS) Shares Up 2.8%
BancorpSouth Inc. (NYSE:BXS) shares shot up 2.8% on Thursday . The stock 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.
Several research firms have recently weighed in on BXS. FBR & Co reissued a “buy” rating on shares of BancorpSouth in a report on Saturday, July 9th. Zacks Investment Research raised shares of BancorpSouth from a “sell” rating to a “hold” rating in a report on Friday, July 8th. JPMorgan Chase & Co. decreased their price objective on shares of BancorpSouth from $24.00 to $23.50 and set a “neutral” rating for the company in a report on Thursday, July 7th. Keefe, Bruyette & Woods raised shares of BancorpSouth from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $25.00 in a report on Thursday, June 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of BancorpSouth from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. BancorpSouth has an average rating of “Hold” and a consensus price target of $24.64.
The firm has a 50-day moving average price of $22.65 and a 200-day moving average price of $21.82. The stock has a market capitalization of $2.27 billion and a price-to-earnings ratio of 19.43.
BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, April 20th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. During the same quarter last year, the company posted $0.33 EPS. Equities research analysts anticipate that BancorpSouth Inc. will post $1.56 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, June 13th.
Other hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake 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 stake 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 stake 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 stake 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 stake 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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