Bancorpsouth Bank (NYSE:BXS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, June 19th. The brokerage presently has a $38.00 price objective on the bank’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.76% from the stock’s previous close.
According to Zacks, “Shares of BancorpSouth underperformed the industry over the past six months. However, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. Given a strong balance-sheet position, the company has been steadily enhancing shareholders’ value through strategic acquisitions, dividend hikes, share buybacks and excellent expense-management initiatives. Recently, the company announced plans to acquire Icon Capital Corporation. However, its exposure to consumer mortgage and commercial real estate loans continues to be a near-term concern.”
Other equities research analysts have also issued reports about the stock. Stephens restated a “buy” rating and issued a $36.00 price objective on shares of Bancorpsouth Bank in a report on Friday, April 20th. Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a report on Thursday, May 3rd. ValuEngine upgraded shares of Bancorpsouth Bank from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. Royal Bank of Canada reiterated a “hold” rating and set a $37.00 price target on shares of Bancorpsouth Bank in a report on Friday, April 20th. Finally, Piper Jaffray Companies set a $36.00 price target on shares of Bancorpsouth Bank and gave the company a “hold” rating in a report on Monday, April 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Bancorpsouth Bank has a consensus rating of “Hold” and an average price target of $35.13.
Shares of BXS traded down $0.05 during mid-day trading on Tuesday, reaching $33.70. The company’s stock had a trading volume of 17,502 shares, compared to its average volume of 703,730. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 19.97 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.84 and a current ratio of 0.85. Bancorpsouth Bank has a 52 week low of $27.20 and a 52 week high of $35.55.
Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings data on Wednesday, April 18th. The bank reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. The firm had revenue of $217.01 million during the quarter, compared to analyst estimates of $210.65 million. Bancorpsouth Bank had a net margin of 20.58% and a return on equity of 9.49%. During the same period in the previous year, the business posted $0.39 EPS. equities research analysts predict that Bancorpsouth Bank will post 2.23 earnings per share for the current year.
A number of large investors have recently bought and sold shares of BXS. Schwab Charles Investment Management Inc. raised its holdings in Bancorpsouth Bank by 2.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 487,696 shares of the bank’s stock valued at $15,339,000 after buying an additional 13,927 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Bancorpsouth Bank by 39.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock worth $169,000 after purchasing an additional 1,534 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Bancorpsouth Bank by 308.6% in the 4th quarter. Teacher Retirement System of Texas now owns 27,904 shares of the bank’s stock worth $878,000 after purchasing an additional 21,074 shares in the last quarter. New Mexico Educational Retirement Board bought a new position in Bancorpsouth Bank in the 4th quarter worth $657,000. Finally, Wells Fargo & Company MN raised its holdings in Bancorpsouth Bank by 22.4% in the 4th quarter. Wells Fargo & Company MN now owns 150,694 shares of the bank’s stock worth $4,739,000 after purchasing an additional 27,615 shares in the last quarter. Institutional investors own 70.68% of the company’s stock.
Bancorpsouth Bank Company Profile
BancorpSouth Bank operates as a financial holding company for BancorpSouth Bank that 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.
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