Brean Capital Reaffirms “Hold” Rating for BancorpSouth, Inc. (BXS)

BancorpSouth, Inc. (NYSE:BXS)‘s stock had its “hold” rating reissued by equities research analysts at Brean Capital in a research report issued to clients and investors on Monday.

Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Friday, July 21st. ValuEngine raised shares of BancorpSouth from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price target on shares of BancorpSouth in a report on Friday, July 14th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 price target on shares of BancorpSouth in a report on Friday, July 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $32.00 price target on shares of BancorpSouth in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $33.00.

Shares of BancorpSouth (NYSE BXS) traded down 2.95% on Monday, reaching $31.30. 660,537 shares of the company were exchanged. BancorpSouth has a 52-week low of $22.85 and a 52-week high of $32.70. The stock has a 50 day moving average of $31.32 and a 200-day moving average of $30.24. The company has a market capitalization of $2.85 billion, a P/E ratio of 19.27 and a beta of 1.43.

BancorpSouth (NYSE:BXS) last issued its earnings results on Thursday, October 19th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. BancorpSouth had a net margin of 19.59% and a return on equity of 8.98%. The company had revenue of $186.52 million for the quarter, compared to analyst estimates of $191.32 million. During the same period in the prior year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts predict that BancorpSouth will post $1.67 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in BXS. Riverhead Capital Management LLC lifted its stake in shares of BancorpSouth by 92.5% during the second quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock valued at $112,000 after buying an additional 1,757 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of BancorpSouth by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock valued at $117,000 after buying an additional 316 shares during the period. Sei Investments Co. lifted its stake in shares of BancorpSouth by 34.4% during the second quarter. Sei Investments Co. now owns 6,063 shares of the bank’s stock valued at $186,000 after buying an additional 1,553 shares during the period. LS Investment Advisors LLC lifted its stake in shares of BancorpSouth by 15.8% during the second quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after buying an additional 901 shares during the period. Finally, Oakbrook Investments LLC purchased a new position in shares of BancorpSouth during the third quarter valued at approximately $202,000. 65.85% of the stock is currently owned by institutional investors and hedge funds.

BancorpSouth Company Profile

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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