Bancorpsouth Bank (NYSE:BXS) has been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $27.25.
Several research analysts recently issued reports on the company. Wedbush downgraded Bancorpsouth Bank from an “outperform” rating to a “neutral” rating in a research report on Monday, June 8th. Janney Montgomery Scott downgraded Bancorpsouth Bank from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Monday, June 8th. They noted that the move was a valuation call. Raymond James restated a “hold” rating on shares of Bancorpsouth Bank in a research report on Wednesday, September 9th. ValuEngine downgraded Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Piper Sandler cut their price objective on Bancorpsouth Bank from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday.
Shares of BXS stock traded up $0.83 during midday trading on Monday, reaching $20.66. 652,174 shares of the company traded hands, compared to its average volume of 465,327. The firm’s 50 day simple moving average is $21.10 and its two-hundred day simple moving average is $21.17. Bancorpsouth Bank has a 1-year low of $17.21 and a 1-year high of $32.97. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.80. The firm has a market cap of $2.12 billion, a PE ratio of 8.77 and a beta of 1.42.
Bancorpsouth Bank (NYSE:BXS) last issued its quarterly earnings data on Monday, July 20th. The bank reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.24. Bancorpsouth Bank had a return on equity of 9.33% and a net margin of 19.19%. The firm had revenue of $261.83 million during the quarter, compared to the consensus estimate of $247.16 million. During the same period in the previous year, the firm posted $0.61 EPS. As a group, research analysts anticipate that Bancorpsouth Bank will post 1.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.74 annualized dividend and a yield of 3.58%. Bancorpsouth Bank’s payout ratio is currently 29.48%.
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Bancorpsouth Bank by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,613,425 shares of the bank’s stock worth $218,610,000 after purchasing an additional 418,338 shares during the period. Cullen Frost Bankers Inc. bought a new position in Bancorpsouth Bank in the 2nd quarter valued at approximately $3,787,000. Silvercrest Asset Management Group LLC raised its holdings in Bancorpsouth Bank by 2.0% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 5,641,210 shares of the bank’s stock valued at $128,281,000 after buying an additional 110,712 shares during the last quarter. Geode Capital Management LLC raised its holdings in Bancorpsouth Bank by 7.5% in the 1st quarter. Geode Capital Management LLC now owns 1,376,484 shares of the bank’s stock valued at $26,043,000 after buying an additional 96,162 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Bancorpsouth Bank by 49.3% in the 1st quarter. Invesco Ltd. now owns 269,320 shares of the bank’s stock valued at $5,096,000 after buying an additional 88,979 shares during the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.
Bancorpsouth Bank Company Profile
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.
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