BidaskClub cut shares of BancorpSouth, Inc. (NYSE:BXS) from a sell rating to a strong sell rating in a report issued on Saturday morning.
Other equities analysts have also recently issued research reports about the company. Stephens reaffirmed a buy rating on shares of BancorpSouth in a report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a hold rating and issued a $33.00 price target on shares of BancorpSouth in a report on Monday, May 15th. ValuEngine raised BancorpSouth from a hold rating to a buy rating in a report on Tuesday, June 20th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $32.00 price target on shares of BancorpSouth in a report on Monday, June 5th. Finally, Brean Capital reaffirmed a hold rating on shares of BancorpSouth in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $31.67.
Shares of BancorpSouth (NYSE BXS) opened at 29.05 on Friday. The firm has a 50-day moving average price of $30.23 and a 200-day moving average price of $30.24. The stock has a market cap of $2.64 billion, a PE ratio of 17.89 and a beta of 1.39. BancorpSouth has a 12 month low of $22.23 and a 12 month high of $32.40.
BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $185.61 million during the quarter, compared to analysts’ expectations of $187.78 million. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. During the same quarter in the prior year, the firm posted $0.39 EPS. Equities analysts forecast that BancorpSouth will post $1.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.14 per share. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, September 14th. BancorpSouth’s payout ratio is 30.86%.
In other news, Director James Elbert Campbell III acquired 7,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was bought at an average cost of $28.93 per share, for a total transaction of $202,510.00. Following the purchase, the director now owns 133,392 shares in the company, valued at $3,859,030.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.63% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in BancorpSouth by 17,271.2% in the first quarter. BlackRock Inc. now owns 9,111,731 shares of the bank’s stock worth $275,630,000 after buying an additional 9,059,278 shares during the period. Citadel Advisors LLC bought a new stake in BancorpSouth during the first quarter worth about $28,685,000. JPMorgan Chase & Co. raised its stake in BancorpSouth by 57.6% in the first quarter. JPMorgan Chase & Co. now owns 1,896,088 shares of the bank’s stock worth $57,356,000 after buying an additional 692,989 shares during the period. Vanguard Group Inc. raised its stake in BancorpSouth by 5.0% in the first quarter. Vanguard Group Inc. now owns 6,965,034 shares of the bank’s stock worth $210,692,000 after buying an additional 331,845 shares during the period. Finally, State Street Corp raised its stake in BancorpSouth by 6.8% in the second quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock worth $149,028,000 after buying an additional 310,447 shares during the period. Institutional investors and hedge funds own 66.51% of the company’s stock.
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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