Bancorpsouth Bank (BXS) Given Hold Rating at Brean Capital

Share on StockTwits

Brean Capital restated their hold rating on shares of Bancorpsouth Bank (NYSE:BXS) in a research report report published on Monday morning.

Several other equities analysts have also recently commented on BXS. Zacks Investment Research raised shares of Bancorpsouth Bank from a hold rating to a buy rating and set a $38.00 target price on the stock in a research report on Wednesday, July 11th. Stephens reissued a buy rating and set a $37.00 target price on shares of Bancorpsouth Bank in a research report on Monday, August 27th. ValuEngine cut shares of Bancorpsouth Bank from a hold rating to a sell rating in a research report on Friday, October 19th. Royal Bank of Canada dropped their target price on shares of Bancorpsouth Bank to $32.00 and set a market perform rating on the stock in a research report on Friday, October 19th. Finally, SunTrust Banks decreased their price target on shares of Bancorpsouth Bank to $31.00 and set a hold rating for the company in a research note on Monday, October 22nd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $34.83.

Bancorpsouth Bank stock opened at $28.70 on Monday. Bancorpsouth Bank has a 52 week low of $26.91 and a 52 week high of $35.55. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 17.19 and a beta of 1.41.

Bancorpsouth Bank (NYSE:BXS) last posted its earnings results on Wednesday, October 17th. The bank reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Bancorpsouth Bank had a net margin of 23.71% and a return on equity of 10.16%. The firm had revenue of $213.75 million for the quarter, compared to analysts’ expectations of $216.90 million. During the same quarter last year, the firm earned $0.43 EPS. As a group, sell-side analysts expect that Bancorpsouth Bank will post 2.24 earnings per share for the current fiscal year.

The business 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. The ex-dividend date is Thursday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 2.37%. Bancorpsouth Bank’s payout ratio is currently 40.72%.

Several hedge funds have recently modified their holdings of BXS. BlackRock Inc. increased its stake in shares of Bancorpsouth Bank by 9.8% during the 2nd quarter. BlackRock Inc. now owns 10,322,893 shares of the bank’s stock worth $340,139,000 after purchasing an additional 920,056 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of Bancorpsouth Bank by 529.4% during the 2nd quarter. Federated Investors Inc. PA now owns 561,159 shares of the bank’s stock worth $18,490,000 after purchasing an additional 472,001 shares during the last quarter. Trust Co purchased a new stake in shares of Bancorpsouth Bank during the 1st quarter worth approximately $4,620,000. Chicago Equity Partners LLC purchased a new stake in shares of Bancorpsouth Bank during the 2nd quarter worth approximately $3,886,000. Finally, First Trust Advisors LP purchased a new stake in shares of Bancorpsouth Bank during the 2nd quarter worth approximately $3,553,000. Institutional investors own 72.88% of the company’s stock.

About Bancorpsouth Bank

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.

Further Reading: What are the benefits of a balanced fund?

Analyst Recommendations for Bancorpsouth Bank (NYSE:BXS)

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.

Leave a Reply