BancorpSouth, Inc. (NYSE:BXS) Rating Reiterated by Piper Jaffray Companies
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised BancorpSouth from a hold rating to a buy rating and set a $34.00 price target for the company in a report on Friday. ValuEngine raised BancorpSouth from a hold rating to a buy rating in a report on Tuesday, June 20th. Stephens reaffirmed a buy rating on shares of BancorpSouth in a report on Wednesday, April 19th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $32.00 price target on shares of BancorpSouth in a report on Wednesday, April 5th. Finally, BidaskClub raised BancorpSouth from a sell rating to a hold rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $29.83.
Shares of BancorpSouth (NYSE BXS) traded down 1.46% on Friday, reaching $30.35. The company’s stock had a trading volume of 421,116 shares. The stock has a 50-day moving average of $30.21 and a 200 day moving average of $30.35. BancorpSouth has a 52 week low of $22.23 and a 52 week high of $32.40. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 19.25 and a beta of 1.40.
BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The firm had revenue of $185.61 million during the quarter, compared to analysts’ expectations of $187.78 million. During the same period last year, the firm posted $0.39 EPS. On average, analysts expect that BancorpSouth will post $1.64 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. BancorpSouth’s dividend payout ratio (DPR) is currently 30.86%.
In other news, Director James Elbert Campbell III bought 7,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was bought at an average cost of $28.93 per share, with a total value of $202,510.00. Following the purchase, the director now 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 accessible through this link. 2.63% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock valued at $107,000 after buying an additional 1,341 shares during the period. Sei Investments Co. raised its position in BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after buying an additional 2,498 shares in the last quarter. US Bancorp DE raised its position in BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock valued at $155,000 after buying an additional 711 shares in the last quarter. LS Investment Advisors LLC raised its position in BancorpSouth by 15.8% in the second quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after buying an additional 901 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in BancorpSouth during the first quarter valued at about $215,000. 67.57% 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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