Bancorpsouth Bank (NYSE:BXS) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Bancorpsouth Bank (NYSE:BXS) from a sell rating to a hold rating in a report released on Tuesday morning, ValuEngine reports.

Other equities research analysts also recently issued research reports about the company. SunTrust Banks upgraded Bancorpsouth Bank from a hold rating to a buy rating and increased their target price for the stock from $32.00 to $33.00 in a research report on Wednesday, September 25th. DA Davidson initiated coverage on Bancorpsouth Bank in a research report on Tuesday, August 20th. They issued a neutral rating and a $30.50 price target for the company. Finally, Piper Jaffray Companies began coverage on Bancorpsouth Bank in a research note on Wednesday, September 18th. They set a neutral rating and a $32.50 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $32.33.

BXS opened at $30.71 on Tuesday. The firm has a 50-day moving average price of $30.84 and a 200-day moving average price of $29.07. Bancorpsouth Bank has a twelve month low of $24.31 and a twelve month high of $33.45. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 12.80 and a beta of 1.44.

Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings results on Monday, October 21st. The bank reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. Bancorpsouth Bank had a net margin of 21.23% and a return on equity of 10.51%. The company had revenue of $242.03 million for the quarter, compared to analysts’ expectations of $238.70 million. During the same period in the prior year, the company posted $0.56 EPS. On average, research analysts expect that Bancorpsouth Bank will post 2.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.74 annualized dividend and a yield of 2.41%. Bancorpsouth Bank’s dividend payout ratio is currently 33.18%.

A number of institutional investors have recently bought and sold shares of BXS. UBS Asset Management Americas Inc. boosted its holdings in Bancorpsouth Bank by 16.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 97,017 shares of the bank’s stock valued at $2,817,000 after purchasing an additional 13,585 shares during the period. Meeder Asset Management Inc. raised its position in shares of Bancorpsouth Bank by 74.3% in the second quarter. Meeder Asset Management Inc. now owns 6,239 shares of the bank’s stock worth $181,000 after buying an additional 2,659 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Bancorpsouth Bank by 18.8% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 13,725 shares of the bank’s stock valued at $399,000 after buying an additional 2,169 shares during the period. Comerica Bank boosted its stake in Bancorpsouth Bank by 2.3% during the second quarter. Comerica Bank now owns 152,825 shares of the bank’s stock valued at $4,304,000 after buying an additional 3,389 shares during the period. Finally, Texas Permanent School Fund grew its position in Bancorpsouth Bank by 2.1% during the third quarter. Texas Permanent School Fund now owns 63,727 shares of the bank’s stock worth $1,887,000 after buying an additional 1,310 shares in the last quarter. 62.14% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Bancorpsouth Bank (NYSE:BXS)

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