Several other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of BancorpSouth from a sell rating to a hold rating in a report on Monday, October 3rd. JPMorgan Chase & Co. reaffirmed a hold rating and set a $24.00 price target on shares of BancorpSouth in a report on Friday, July 22nd. FBR & Co reaffirmed a buy rating on shares of BancorpSouth in a report on Saturday, July 9th. Finally, Keefe, Bruyette & Woods raised shares of BancorpSouth from a market perform rating to an outperform rating and lifted their price target for the company from $24.00 to $25.00 in a report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $24.71.
BancorpSouth (NYSE:BXS) opened at 23.09 on Thursday. BancorpSouth has a 12-month low of $18.69 and a 12-month high of $27.23. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 19.42 and a beta of 1.20. The company’s 50 day moving average is $23.89 and its 200 day moving average is $23.12.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. BancorpSouth had a net margin of 15.25% and a return on equity of 8.36%. During the same quarter in the prior year, the company earned $0.41 EPS. Analysts forecast that BancorpSouth will post $1.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Tuesday, September 13th. This is a boost from BancorpSouth’s previous quarterly dividend of $0.10. BancorpSouth’s payout ratio is currently 42.02%.
In related news, insider James Ronald Hodges sold 4,543 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $24.01, for a total value of $109,077.43. Following the sale, the insider now owns 26,900 shares in the company, valued at $645,869. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.93% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Pacad Investment Ltd. acquired a new stake in shares of BancorpSouth during the second quarter valued at $111,000. LS Investment Advisors LLC boosted its stake in shares of BancorpSouth by 78.2% in the second quarter. LS Investment Advisors LLC now owns 5,121 shares of the company’s stock valued at $116,000 after buying an additional 2,248 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of BancorpSouth by 119.9% in the second quarter. Bessemer Group Inc. now owns 7,066 shares of the company’s stock valued at $160,000 after buying an additional 3,852 shares in the last quarter. Argent Trust Co acquired a new stake in shares of BancorpSouth during the second quarter valued at $209,000. Finally, Parametrica Management Ltd acquired a new stake in shares of BancorpSouth during the second quarter valued at $225,000. Institutional investors own 62.98% of the company’s stock.
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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