BancorpSouth Receives New Coverage from Analysts at FIG Partners (BXS)

Posted by: Amir Abbas Vahidi Posted date: March 12, 2013 In: Analyst Articles - US, Investing

Equities research analysts at FIG Partners started coverage on shares of BancorpSouth (NYSE: BXS) in a research note issued to investors on Monday. The firm set a “market perform” rating on the stock.

BXS has been the subject of a number of other recent research reports. Analysts at BB&T initiated coverage on shares of BancorpSouth in a research note to investors on Thursday, January 10th. They set a “hold” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods downgraded shares of BancorpSouth from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, January 4th. They now have a $12.00 price target on the stock. They noted that the move was a valuation call.

One equities research analyst has rated the stock with an overweight rating, nine have assigned a hold rating, and two have given a sell rating to the stock. The company has a consensus rating of “hold” and an average price target of $13.94.

Shares of BancorpSouth traded down 0.19% during mid-day trading on Monday, hitting $15.66. BancorpSouth has a one year low of $12.09 and a one year high of $16.04. The stock’s 50-day moving average is currently $14.89. The company has a market cap of $1.481 billion and a P/E ratio of 17.45.

BancorpSouth last issued its quarterly earnings data on Wednesday, January 23rd. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.06. During the same quarter in the previous year, the company posted $0.16 earnings per share. Analysts expect that BancorpSouth will post $0.88 EPS for the current fiscal year.

BancorpSouth, Inc. is a financial holding company. Through its principal bank subsidiary, BancorpSouth Bank (the Bank), the Company conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois.

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