Bancorpsouth Bank (BXS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Bancorpsouth Bank (NYSE:BXS) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.80.

Several research firms have recently weighed in on BXS. ValuEngine raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research lowered Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a research note on Friday, January 25th. Finally, Stephens reissued a “buy” rating and set a $35.00 price objective on shares of Bancorpsouth Bank in a research note on Thursday, December 6th.

Shares of BXS traded up $0.43 during trading hours on Wednesday, hitting $31.43. 582,283 shares of the company were exchanged, compared to its average volume of 520,769. The firm has a market cap of $2.80 billion, a PE ratio of 14.09 and a beta of 1.41. Bancorpsouth Bank has a one year low of $24.31 and a one year high of $35.45.

Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $211.91 million during the quarter, compared to analyst estimates of $221.38 million. Bancorpsouth Bank had a return on equity of 10.43% and a net margin of 23.66%. During the same period last year, the company posted $0.41 EPS. On average, equities research analysts expect that Bancorpsouth Bank will post 2.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 2.16%. Bancorpsouth Bank’s dividend payout ratio (DPR) is presently 30.49%.

Several institutional investors have recently modified their holdings of BXS. Founders Capital Management acquired a new stake in shares of Bancorpsouth Bank in the fourth quarter worth $26,000. Oregon Public Employees Retirement Fund boosted its position in shares of Bancorpsouth Bank by 2,755.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 928,911 shares of the bank’s stock worth $36,000 after buying an additional 896,376 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Bancorpsouth Bank in the fourth quarter worth $43,000. NumerixS Investment Technologies Inc boosted its position in shares of Bancorpsouth Bank by 480.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 2,900 shares of the bank’s stock worth $75,000 after buying an additional 2,400 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Bancorpsouth Bank in the third quarter worth $100,000. 74.57% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Bancorpsouth Bank (NYSE:BXS)

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