Bancorpsouth Bank (NYSE:BXS) has been assigned an average recommendation of “Hold” from the eight brokerages 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.
A number of brokerages have recently commented on BXS. Zacks Investment Research raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a report on Wednesday, November 14th. ValuEngine lowered Bancorpsouth Bank from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Finally, Stephens set a $35.00 price target on Bancorpsouth Bank and gave the company a “buy” rating in a report on Wednesday, November 14th.
Several institutional investors and hedge funds have recently modified their holdings of BXS. Founders Capital Management bought a new position in Bancorpsouth Bank during the fourth quarter valued at about $26,000. Toronto Dominion Bank bought a new position in Bancorpsouth Bank during the fourth quarter valued at about $43,000. Point72 Hong Kong Ltd bought a new position in Bancorpsouth Bank during the third quarter valued at about $100,000. Bank of Montreal Can boosted its stake in Bancorpsouth Bank by 11.8% during the fourth quarter. Bank of Montreal Can now owns 6,467 shares of the bank’s stock valued at $169,000 after buying an additional 684 shares in the last quarter. Finally, Eukles Asset Management bought a new position in Bancorpsouth Bank during the fourth quarter valued at about $208,000. 73.56% of the stock is currently owned by institutional investors.
Shares of NYSE BXS opened at $30.36 on Wednesday. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 13.61 and a beta of 1.41. Bancorpsouth Bank has a 1-year low of $24.31 and a 1-year high of $35.45.
Bancorpsouth Bank (NYSE:BXS) last issued its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $211.91 million for 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 earned $0.41 earnings per share. Equities analysts anticipate that Bancorpsouth Bank will post 2.35 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, March 14th. Bancorpsouth Bank’s dividend payout ratio (DPR) is 30.49%.
About Bancorpsouth Bank
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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