Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Bancorpsouth Bank from a hold rating to a sell rating in a report on Tuesday, October 9th. Brean Capital reiterated a hold rating on shares of Bancorpsouth Bank in a report on Sunday, September 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $35.33.
NYSE:BXS opened at $28.47 on Thursday. The firm has a market capitalization of $2.57 billion, a P/E ratio of 13.69 and a beta of 1.41. Bancorpsouth Bank has a twelve month low of $28.44 and a twelve month 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.
Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings results on Wednesday, October 17th. The bank reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The business had revenue of $213.75 million for 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 quarter in the previous year, the business posted $0.43 earnings per share. As a group, analysts predict that Bancorpsouth Bank will post 2.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, September 13th. This is a boost from Bancorpsouth Bank’s previous quarterly dividend of $0.14. Bancorpsouth Bank’s payout ratio is 40.72%.
Hedge funds have recently made changes to their positions in the company. Zeke Capital Advisors LLC bought a new stake in shares of Bancorpsouth Bank during the 2nd quarter valued at $202,000. Sei Investments Co. boosted its holdings in shares of Bancorpsouth Bank by 29,870.8% during the 1st quarter. Sei Investments Co. now owns 7,193 shares of the bank’s stock valued at $229,000 after buying an additional 7,169 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Bancorpsouth Bank during the 2nd quarter valued at $252,000. Strs Ohio boosted its holdings in shares of Bancorpsouth Bank by 56.9% during the 2nd quarter. Strs Ohio now owns 9,100 shares of the bank’s stock valued at $299,000 after buying an additional 3,300 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of Bancorpsouth Bank by 58.0% during the 1st quarter. Xact Kapitalforvaltning AB now owns 12,260 shares of the bank’s stock valued at $390,000 after buying an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 72.81% 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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