BancorpSouth, Inc. (BXS) Rating Increased to Buy at ValuEngine

BancorpSouth, Inc. (NYSE:BXS) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Several other research firms also recently commented on BXS. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 price objective on shares of BancorpSouth in a research note on Friday, July 21st. Zacks Investment Research raised BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday. BidaskClub downgraded BancorpSouth from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $31.00 price objective on shares of BancorpSouth in a research note on Friday, September 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $32.00 price objective on shares of BancorpSouth in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. BancorpSouth presently has a consensus rating of “Hold” and an average target price of $32.67.

Shares of BancorpSouth (BXS) opened at 30.50 on Wednesday. The stock’s 50 day moving average price is $29.26 and its 200 day moving average price is $29.97. BancorpSouth has a 12 month low of $22.23 and a 12 month high of $32.40. The company has a market capitalization of $2.78 billion, a PE ratio of 18.78 and a beta of 1.40.

BancorpSouth (NYSE:BXS) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The firm had revenue of $185.61 million for the quarter, compared to the consensus estimate of $187.78 million. During the same quarter last year, the company earned $0.39 earnings per share. On average, analysts forecast that BancorpSouth will post $1.66 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BancorpSouth by 61.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock valued at $107,000 after purchasing an additional 1,341 shares during the period. Riverhead Capital Management LLC raised its stake in BancorpSouth by 92.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock valued at $112,000 after purchasing an additional 1,757 shares during the period. Sei Investments Co. raised its stake in BancorpSouth by 124.2% during the 1st quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after purchasing an additional 2,498 shares during the period. US Bancorp DE raised its stake in BancorpSouth by 16.0% during the 1st quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock valued at $155,000 after purchasing an additional 711 shares during the period. Finally, LS Investment Advisors LLC raised its stake in BancorpSouth by 15.8% during the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after purchasing an additional 901 shares during the period. 65.24% of the stock is currently owned by institutional investors.

About BancorpSouth

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.

Analyst Recommendations for BancorpSouth (NYSE:BXS)

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