BancorpSouth, Inc. (NYSE:BXS) received a $35.00 price objective from Stephens in a research report issued on Thursday. The firm presently has a “buy” rating on the bank’s stock. Stephens’ price target indicates a potential upside of 16.86% from the company’s current price.
A number of other equities analysts have also weighed in on BXS. Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 price objective on shares of BancorpSouth in a research note on Friday, July 21st. Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Friday, July 21st. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a research note on Thursday, July 20th. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price objective on shares of BancorpSouth in a research note on Friday, July 14th. Finally, BidaskClub upgraded BancorpSouth from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $31.67.
Shares of BancorpSouth (NYSE:BXS) opened at 29.95 on Thursday. BancorpSouth has a 12-month low of $22.23 and a 12-month high of $32.40. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 18.44 and a beta of 1.40. The firm’s 50-day moving average price is $30.41 and its 200 day moving average price is $30.32.
BancorpSouth (NYSE:BXS) last issued its earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The company had revenue of $185.61 million during the quarter, compared to analyst estimates of $187.78 million. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. During the same quarter last year, the business posted $0.39 EPS. On average, analysts predict that BancorpSouth will post $1.66 earnings per share for the current year.
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In other BancorpSouth news, Director James Elbert Campbell III purchased 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average price of $28.93 per share, for a total transaction of $202,510.00. Following the purchase, the director now directly owns 133,392 shares in the company, valued at $3,859,030.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.63% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in BXS. BlackRock Inc. raised its position in shares of BancorpSouth by 17,271.2% in the first quarter. BlackRock Inc. now owns 9,111,731 shares of the bank’s stock valued at $275,630,000 after buying an additional 9,059,278 shares in the last quarter. Vanguard Group Inc. raised its position in shares of BancorpSouth by 5.0% in the first quarter. Vanguard Group Inc. now owns 6,965,034 shares of the bank’s stock valued at $210,692,000 after buying an additional 331,845 shares in the last quarter. State Street Corp raised its position in shares of BancorpSouth by 3.5% in the first quarter. State Street Corp now owns 4,575,811 shares of the bank’s stock valued at $138,422,000 after buying an additional 155,635 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of BancorpSouth by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,141,704 shares of the bank’s stock valued at $125,288,000 after buying an additional 101,542 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of BancorpSouth by 57.6% in the first quarter. JPMorgan Chase & Co. now owns 1,896,088 shares of the bank’s stock valued at $57,356,000 after buying an additional 692,989 shares in the last quarter. Hedge funds and other institutional investors own 66.68% of the company’s stock.
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.
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