Shares of BancorpSouth Inc. (NYSE:BXS) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $24.71.
Several brokerages recently issued reports on BXS. FBR & Co reissued a “buy” rating on shares of BancorpSouth in a research note on Saturday, July 9th. Zacks Investment Research raised BancorpSouth from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. JPMorgan Chase & Co. reissued a “hold” rating and issued a $24.00 price objective on shares of BancorpSouth in a research note on Friday, July 22nd. Keefe, Bruyette & Woods raised BancorpSouth from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $24.00 to $25.00 in a research note on Thursday, June 30th. Finally, Raymond James Financial Inc. downgraded BancorpSouth from a “market perform” rating to an “underperform” rating in a research note on Thursday, October 6th.
Shares of BancorpSouth (NYSE:BXS) traded up 1.51% during trading on Wednesday, hitting $23.60. The company’s stock had a trading volume of 374,955 shares. BancorpSouth has a 1-year low of $18.69 and a 1-year high of $27.23. The company has a market capitalization of $2.23 billion, a P/E ratio of 19.85 and a beta of 1.20. The firm’s 50 day moving average is $23.68 and its 200-day moving average is $23.18.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were issued a dividend of $0.125 per share. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.15%. BancorpSouth’s dividend payout ratio is currently 42.02%.
In other news, insider James Ronald Hodges sold 4,543 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $24.01, for a total transaction of $109,077.43. Following the transaction, the insider now owns 26,900 shares of the company’s stock, valued at approximately $645,869. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.93% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Skyline Asset Management LP raised its position in shares of BancorpSouth by 3.9% in the first quarter. Skyline Asset Management LP now owns 1,205,100 shares of the company’s stock worth $25,681,000 after buying an additional 45,200 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of BancorpSouth by 2.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 142,158 shares of the company’s stock worth $3,029,000 after buying an additional 2,948 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of BancorpSouth by 12.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 3,468,210 shares of the company’s stock worth $73,907,000 after buying an additional 384,872 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of BancorpSouth by 86.6% in the first quarter. Renaissance Technologies LLC now owns 980,600 shares of the company’s stock worth $20,897,000 after buying an additional 455,087 shares in the last quarter. Finally, UBS Group AG raised its position in shares of BancorpSouth by 17.0% in the first quarter. UBS Group AG now owns 84,325 shares of the company’s stock worth $1,797,000 after buying an additional 12,273 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.
BancorpSouth Company Profile
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.
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