Several other analysts have also recently issued reports on BXS. Zacks Investment Research cut shares of Bancorpsouth Bank from a buy rating to a hold rating in a research note on Wednesday, June 27th. Brean Capital reaffirmed a hold rating on shares of Bancorpsouth Bank in a research report on Monday, July 30th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $34.50.
BXS stock traded down $0.29 during midday trading on Thursday, hitting $28.91. The stock had a trading volume of 402,200 shares, compared to its average volume of 676,402. The stock has a market capitalization of $2.64 billion, a P/E ratio of 17.31 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.86. Bancorpsouth Bank has a 12-month low of $26.91 and a 12-month high of $35.55.
Bancorpsouth Bank (NYSE:BXS) last released 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. The firm had revenue of $213.75 million during the quarter, compared to analysts’ expectations of $216.90 million. Bancorpsouth Bank had a net margin of 23.71% and a return on equity of 10.16%. During the same period in the previous year, the company earned $0.43 EPS. Research analysts forecast that Bancorpsouth Bank will post 2.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 2.35%. Bancorpsouth Bank’s dividend payout ratio (DPR) is 40.72%.
A number of hedge funds have recently modified their holdings of BXS. BlackRock Inc. lifted its holdings in Bancorpsouth Bank by 9.8% in the 2nd quarter. BlackRock Inc. now owns 10,322,893 shares of the bank’s stock worth $340,139,000 after buying an additional 920,056 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Bancorpsouth Bank by 529.4% in the 2nd quarter. Federated Investors Inc. PA now owns 561,159 shares of the bank’s stock worth $18,490,000 after buying an additional 472,001 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Bancorpsouth Bank by 10,965.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 226,959 shares of the bank’s stock worth $7,423,000 after buying an additional 224,908 shares in the last quarter. Trust Co acquired a new position in Bancorpsouth Bank in the 1st quarter worth $4,620,000. Finally, Chicago Equity Partners LLC acquired a new position in Bancorpsouth Bank in the 2nd quarter worth $3,886,000. Hedge funds and other institutional investors own 72.61% of the company’s stock.
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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