A number of firms have modified their ratings and price targets on shares of Bancorpsouth Bank (NYSE: BXS) recently:

  • 11/14/2018 – Bancorpsouth Bank had its “hold” rating reaffirmed by analysts at Brean Capital.
  • 11/14/2018 – Bancorpsouth Bank was given a new $35.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 11/1/2018 – Bancorpsouth Bank was given a new $35.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 10/30/2018 – Bancorpsouth Bank was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/29/2018 – Bancorpsouth Bank had its “hold” rating reaffirmed by analysts at Brean Capital.
  • 10/23/2018 – Bancorpsouth Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of BancorpSouth have underperformed the industry over the past six months. Yet, the company boasts an impressive earnings surprise history.  It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Third-quarter results reflect robust organic growth on the back of higher loans and expansion of margin, partially offset by rise in expenses. Given a strong balance-sheet position, the company has been steadily enhancing shareholders’ value through strategic acquisitions, dividend hikes, share buybacks and excellent expense-management initiatives. Recently, the company completed the acquisition of Icon Capital Corporation to expand presence in Houston. However, volatile net interest margin and exposure towards risky loan portfolios remain major concerns for the company.”
  • 10/22/2018 – Bancorpsouth Bank had its price target lowered by analysts at SunTrust Banks, Inc. to $31.00. They now have a “hold” rating on the stock.
  • 10/19/2018 – Bancorpsouth Bank was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/19/2018 – Bancorpsouth Bank had its price target lowered by analysts at Royal Bank of Canada to $32.00. They now have a “market perform” rating on the stock.
  • 10/18/2018 – Bancorpsouth Bank had its “hold” rating reaffirmed by analysts at Brean Capital.
  • 10/18/2018 – Bancorpsouth Bank had its “buy” rating reaffirmed by analysts at Stephens. They now have a $37.00 price target on the stock.
  • 10/9/2018 – Bancorpsouth Bank was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of BancorpSouth have outperformed the industry over the past six months. The company boasts an impressive earnings surprise history.  It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Given a strong balance-sheet position, the company has been steadily enhancing shareholders’ value through strategic acquisitions, dividend hikes, share buybacks and excellent expense-management initiatives. Recently, the company completed the acquisition of Icon Capital Corporation to expand presence in Houston. However, volatile net interest margin and exposure towards risky loan portfolios remain major concerns for the company.”
  • 9/30/2018 – Bancorpsouth Bank had its “hold” rating reaffirmed by analysts at Brean Capital.
  • 9/27/2018 – Bancorpsouth Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of BancorpSouth have outperformed the industry over the past six months. The company boasts an impressive earnings surprise history.  It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Given a strong balance-sheet position, the company has been steadily enhancing shareholders’ value through strategic acquisitions, dividend hikes, share buybacks and excellent expense-management initiatives. Recently, the company announced plans to acquire Icon Capital Corporation. However, volatile net interest margin and exposure towards risky loan portfolios remain major concerns for the company.”
  • 9/19/2018 – Bancorpsouth Bank was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of BancorpSouth have outperformed the industry over the past six months. The company boasts an impressive earnings surprise history.  It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Given a strong balance-sheet position, the company has been steadily enhancing shareholders’ value through strategic acquisitions, dividend hikes, share buybacks and excellent expense-management initiatives. Recently, the company announced plans to acquire Icon Capital Corporation. However, volatile net interest margin and exposure towards risky loan portfolios remain major concerns for the company.”

Shares of BXS stock traded down $0.04 during mid-day trading on Friday, reaching $29.35. 587,111 shares of the stock traded hands, compared to its average volume of 673,498. Bancorpsouth Bank has a 1-year low of $26.91 and a 1-year high of $35.55. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 17.57 and a beta of 1.41. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02.

Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings results on Wednesday, October 17th. The bank reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. Bancorpsouth Bank had a return on equity of 10.16% and a net margin of 23.71%. The firm had revenue of $213.75 million for the quarter, compared to analyst estimates of $216.90 million. During the same period last year, the firm posted $0.43 earnings per share. On average, sell-side analysts predict that Bancorpsouth Bank will post 2.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, December 13th. Bancorpsouth Bank’s payout ratio is 40.72%.

Hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Bancorpsouth Bank during the third quarter valued at about $100,000. Zeke Capital Advisors LLC acquired a new position in shares of Bancorpsouth Bank in the second quarter worth approximately $202,000. Trexquant Investment LP acquired a new position in shares of Bancorpsouth Bank in the second quarter worth approximately $252,000. Strs Ohio lifted its stake in shares of Bancorpsouth Bank by 56.9% in the second quarter. Strs Ohio now owns 9,100 shares of the bank’s stock worth $299,000 after acquiring an additional 3,300 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Bancorpsouth Bank by 323.3% in the third quarter. Tower Research Capital LLC TRC now owns 10,854 shares of the bank’s stock worth $355,000 after acquiring an additional 8,290 shares during the period. 72.62% of the stock is currently owned by hedge funds and other institutional investors.

BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. The company also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.

Featured Article: Return on Investment (ROI)

Receive News & Ratings for Bancorpsouth Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorpsouth Bank and related companies with MarketBeat.com's FREE daily email newsletter.