Bancorpsouth Bank (NYSE:BXS)‘s stock had its “buy” rating reiterated by equities researchers at Stephens in a research note issued on Thursday. They currently have a $35.00 target price on the bank’s stock. Stephens’ price target would indicate a potential upside of 20.19% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a research report on Monday, August 27th. Zacks Investment Research upgraded shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. SunTrust Banks dropped their price target on shares of Bancorpsouth Bank to $31.00 and set a “hold” rating on the stock in a research report on Monday, October 22nd. ValuEngine upgraded shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Finally, Royal Bank of Canada dropped their price target on shares of Bancorpsouth Bank to $32.00 and set a “market perform” rating on the stock in a research report on Friday, October 19th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Bancorpsouth Bank currently has an average rating of “Hold” and a consensus price target of $34.50.
BXS stock opened at $29.12 on Thursday. The firm has a market cap of $2.65 billion, a P/E ratio of 14.11 and a beta of 1.41. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. Bancorpsouth Bank has a one year low of $26.91 and a one year high of $35.55.
Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings results on Wednesday, October 17th. The bank reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company had revenue of $213.75 million for the quarter, compared to analyst estimates of $216.90 million. Bancorpsouth Bank had a net margin of 23.71% and a return on equity of 10.16%. During the same quarter last year, the business earned $0.43 earnings per share. Research analysts predict that Bancorpsouth Bank will post 2.25 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Bancorpsouth Bank in the third quarter valued at about $100,000. Trexquant Investment LP acquired a new stake in shares of Bancorpsouth Bank in the second quarter valued at about $252,000. Strs Ohio grew its position in shares of Bancorpsouth Bank by 56.9% in the second quarter. Strs Ohio now owns 9,100 shares of the bank’s stock valued at $299,000 after purchasing an additional 3,300 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Bancorpsouth Bank by 323.3% in the third quarter. Tower Research Capital LLC TRC now owns 10,854 shares of the bank’s stock valued at $355,000 after purchasing an additional 8,290 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in shares of Bancorpsouth Bank in the third quarter valued at about $367,000. Institutional investors and hedge funds own 74.00% of the company’s stock.
Bancorpsouth Bank Company Profile
BancorpSouth Bank 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. The company also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.
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