BancorpSouth, Inc. (NYSE:BXS) had its price target increased by equities researchers at Hovde Group from $32.00 to $33.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “market perform” rating on the bank’s stock. Hovde Group’s target price suggests a potential upside of 2.64% from the company’s current price.
Several other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $33.00 target price on shares of BancorpSouth in a research report on Friday, October 20th. Brean Capital reissued a “hold” rating on shares of BancorpSouth in a research report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 target price on shares of BancorpSouth in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of BancorpSouth from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Piper Jaffray Companies reissued a “neutral” rating and issued a $31.00 target price on shares of BancorpSouth in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. BancorpSouth has a consensus rating of “Hold” and an average price target of $33.00.
BancorpSouth (BXS) opened at 32.15 on Monday. The firm has a market cap of $2.93 billion, a P/E ratio of 19.80 and a beta of 1.43. The company’s 50 day moving average is $30.96 and its 200-day moving average is $30.20. BancorpSouth has a 52 week low of $22.70 and a 52 week high of $32.70.
BancorpSouth (NYSE:BXS) last released its earnings results on Thursday, October 19th. The bank reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $186.52 million during the quarter, compared to the consensus estimate of $191.32 million. BancorpSouth had a net margin of 19.59% and a return on equity of 8.98%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 EPS. Equities analysts expect that BancorpSouth will post $1.66 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its holdings in shares of BancorpSouth by 92.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock valued at $112,000 after buying an additional 1,757 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of BancorpSouth by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock valued at $117,000 after buying an additional 316 shares during the period. Sei Investments Co. boosted its holdings in shares of BancorpSouth by 124.2% in the 1st quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after buying an additional 2,498 shares during the period. Oakbrook Investments LLC acquired a new position in shares of BancorpSouth in the 3rd quarter valued at about $202,000. Finally, LS Investment Advisors LLC boosted its holdings in shares of BancorpSouth by 15.8% in the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after buying an additional 901 shares during the period. 65.34% of the stock is 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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