BancorpSouth, Inc. (NYSE:BXS) Receives Hold Rating from Jefferies Group LLC
Jefferies Group LLC reiterated their hold rating on shares of BancorpSouth, Inc. (NYSE:BXS) in a research note published on Friday. Jefferies Group LLC currently has a $33.00 price objective on the bank’s stock.
A number of other analysts have also weighed in on BXS. BidaskClub raised shares of BancorpSouth from a sell rating to a hold rating in a report on Friday, June 16th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $32.00 target price on shares of BancorpSouth in a report on Monday, June 5th. ValuEngine raised shares of BancorpSouth from a hold rating to a buy rating in a report on Tuesday, June 20th. Zacks Investment Research lowered shares of BancorpSouth from a buy rating to a hold rating in a report on Thursday, April 6th. Finally, Stephens reaffirmed a buy rating on shares of BancorpSouth in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $29.50.
Shares of BancorpSouth (NYSE:BXS) traded down 0.49% on Friday, reaching $30.30. 246,288 shares of the company were exchanged. The stock has a market capitalization of $2.77 billion, a PE ratio of 19.21 and a beta of 1.40. The firm has a 50 day moving average price of $29.70 and a 200-day moving average price of $30.34. BancorpSouth has a 12-month low of $22.23 and a 12-month high of $32.40.
BancorpSouth (NYSE:BXS) last posted its earnings results on Wednesday, April 19th. The bank reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $185.48 million for the quarter, compared to analyst estimates of $186.40 million. BancorpSouth had a net margin of 19.19% and a return on equity of 8.65%. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, analysts predict that BancorpSouth will post $1.64 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Tuesday, June 13th. BancorpSouth’s payout ratio is 31.65%.
In related news, Director James Elbert Campbell III purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average price of $28.93 per share, with a total value of $202,510.00. Following the acquisition, the director now directly owns 133,392 shares of the company’s stock, valued at $3,859,030.56. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.63% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock worth $107,000 after buying an additional 1,341 shares during the last quarter. Sei Investments Co. raised its position in shares of BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock worth $136,000 after buying an additional 2,498 shares during the last quarter. US Bancorp DE raised its position in shares of BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock worth $155,000 after buying an additional 711 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of BancorpSouth during the first quarter worth approximately $215,000. Finally, Quantbot Technologies LP bought a new position in shares of BancorpSouth during the first quarter worth approximately $216,000. 67.57% of the stock is currently owned by hedge funds and other 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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