Piper Jaffray Companies Reiterates Hold Rating for BancorpSouth Bank (NYSE:BXS)

Piper Jaffray Companies restated their hold rating on shares of BancorpSouth Bank (NYSE:BXS) in a report issued on Tuesday, January 9th. The firm currently has a $35.00 price target on the bank’s stock.

Other research analysts also recently issued research reports about the company. ValuEngine upgraded BancorpSouth Bank from a hold rating to a buy rating in a report on Wednesday, September 20th. Zacks Investment Research upgraded BancorpSouth Bank from a hold rating to a buy rating and set a $34.00 price objective on the stock in a report on Tuesday, September 19th. Royal Bank of Canada reiterated a hold rating and issued a $33.00 price objective on shares of BancorpSouth Bank in a report on Friday, October 20th. Brean Capital reiterated a hold rating on shares of BancorpSouth Bank in a report on Friday, October 20th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $32.00 price objective on shares of BancorpSouth Bank in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $33.63.

Shares of BancorpSouth Bank (NYSE:BXS) traded up $0.50 during midday trading on Tuesday, reaching $35.05. The company’s stock had a trading volume of 577,357 shares, compared to its average volume of 488,695. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02. BancorpSouth Bank has a 12 month low of $27.20 and a 12 month high of $35.10. The stock has a market cap of $3,120.89, a P/E ratio of 21.24 and a beta of 1.41.

BancorpSouth Bank (NYSE:BXS) last issued its quarterly 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. BancorpSouth Bank had a return on equity of 8.97% and a net margin of 19.59%. The company had revenue of $186.52 million for the quarter, compared to the consensus estimate of $191.32 million. During the same quarter in the prior year, the business earned $0.40 EPS. BancorpSouth Bank’s revenue was up .5% on a year-over-year basis. analysts anticipate that BancorpSouth Bank will post 1.65 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.60%. BancorpSouth Bank’s dividend payout ratio is presently 33.94%.

Large investors have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd purchased a new position in BancorpSouth Bank during the 2nd quarter worth approximately $6,063,000. Balyasny Asset Management LLC purchased a new position in BancorpSouth Bank during the 2nd quarter worth approximately $3,924,000. Victory Capital Management Inc. grew its stake in BancorpSouth Bank by 50.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,181,986 shares of the bank’s stock worth $37,883,000 after buying an additional 397,740 shares during the last quarter. Legal & General Group Plc grew its stake in BancorpSouth Bank by 17.2% during the 3rd quarter. Legal & General Group Plc now owns 75,485 shares of the bank’s stock worth $2,424,000 after buying an additional 11,100 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in BancorpSouth Bank by 10.2% during the 2nd quarter. Voya Investment Management LLC now owns 37,649 shares of the bank’s stock worth $1,148,000 after buying an additional 3,480 shares during the last quarter. Hedge funds and other institutional investors own 66.44% of the company’s stock.

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BancorpSouth Bank Company Profile

BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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 Bank (NYSE:BXS)

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