BancorpSouth, Inc. (BXS) Upgraded at ValuEngine

ValuEngine upgraded shares of BancorpSouth, Inc. (NYSE:BXS) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised BancorpSouth from a hold rating to a buy rating and set a $33.00 target price on the stock in a report on Tuesday, April 4th. Stephens restated a buy rating on shares of BancorpSouth in a research report on Wednesday, April 19th. BidaskClub upgraded shares of BancorpSouth from a sell rating to a hold rating in a research report on Friday, June 16th. Keefe, Bruyette & Woods restated a hold rating and issued a $32.00 price objective on shares of BancorpSouth in a research report on Monday, June 5th. Finally, Jefferies Group LLC restated a hold rating and issued a $33.00 price objective on shares of BancorpSouth in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. BancorpSouth has an average rating of Hold and an average target price of $29.50.

Shares of BancorpSouth (NYSE BXS) opened at 29.40 on Tuesday. The firm has a market capitalization of $2.69 billion, a PE ratio of 18.64 and a beta of 1.42. BancorpSouth has a 52-week low of $20.50 and a 52-week high of $32.40. The company has a 50-day moving average price of $29.85 and a 200 day moving average price of $30.34.

BancorpSouth (NYSE:BXS) last announced its earnings results on Wednesday, April 19th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $185.48 million for the quarter, compared to the consensus estimate of $186.40 million. BancorpSouth had a return on equity of 8.65% and a net margin of 19.19%. During the same period in the previous year, the business earned $0.34 EPS. Analysts expect that BancorpSouth will post $1.65 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, June 13th. BancorpSouth’s payout ratio is 31.65%.

In other BancorpSouth news, Director James Elbert Campbell III bought 7,000 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was bought at an average price of $28.93 per share, for a total transaction of $202,510.00. Following the transaction, the director now owns 133,392 shares of the company’s stock, valued at approximately $3,859,030.56. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.63% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock worth $107,000 after buying an additional 1,341 shares in the last quarter. Elkfork Partners LLC purchased a new stake in BancorpSouth during the fourth quarter worth approximately $134,000. Sei Investments Co. boosted its stake in BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock worth $136,000 after buying an additional 2,498 shares in the last quarter. US Bancorp DE boosted its stake in BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock worth $155,000 after buying an additional 711 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in BancorpSouth during the first quarter worth approximately $215,000. Institutional investors own 67.58% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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