Bancorpsouth Bank (NYSE:BXS) Receives New Coverage from Analysts at Piper Jaffray Companies

Piper Jaffray Companies assumed coverage on shares of Bancorpsouth Bank (NYSE:BXS) in a report released on Wednesday morning, The Fly reports. The brokerage issued a neutral rating and a $32.50 price objective on the bank’s stock.

A number of other research firms have also weighed in on BXS. DA Davidson started coverage on Bancorpsouth Bank in a research report on Tuesday, August 20th. They set a neutral rating and a $30.50 price objective on the stock. Royal Bank of Canada set a $31.00 price objective on Bancorpsouth Bank and gave the stock a hold rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Bancorpsouth Bank has an average rating of Hold and an average price target of $32.00.

Bancorpsouth Bank stock opened at $29.41 on Wednesday. Bancorpsouth Bank has a twelve month low of $24.31 and a twelve month high of $34.75. The stock’s fifty day simple moving average is $28.01 and its 200-day simple moving average is $28.82. The firm has a market capitalization of $2.98 billion, a P/E ratio of 12.86 and a beta of 1.45.

Bancorpsouth Bank (NYSE:BXS) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $0.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.61. Bancorpsouth Bank had a return on equity of 10.30% and a net margin of 22.39%. The business had revenue of $226.35 million for the quarter, compared to analyst estimates of $234.95 million. During the same quarter in the prior year, the company earned $0.55 earnings per share. On average, equities research analysts expect that Bancorpsouth Bank will post 2.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.185 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.52%. This is a positive change from Bancorpsouth Bank’s previous quarterly dividend of $0.17. Bancorpsouth Bank’s dividend payout ratio is currently 33.18%.

Several institutional investors have recently bought and sold shares of BXS. LPL Financial LLC increased its holdings in Bancorpsouth Bank by 1.5% in the second quarter. LPL Financial LLC now owns 26,652 shares of the bank’s stock valued at $774,000 after buying an additional 404 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Bancorpsouth Bank by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 36,812 shares of the bank’s stock valued at $1,069,000 after buying an additional 519 shares during the last quarter. Mason Street Advisors LLC increased its holdings in Bancorpsouth Bank by 1.5% in the first quarter. Mason Street Advisors LLC now owns 48,234 shares of the bank’s stock valued at $1,361,000 after buying an additional 723 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Bancorpsouth Bank by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,937 shares of the bank’s stock valued at $172,000 after buying an additional 793 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in Bancorpsouth Bank by 1.3% in the second quarter. Retirement Systems of Alabama now owns 119,621 shares of the bank’s stock valued at $3,474,000 after buying an additional 1,548 shares during the last quarter. 63.24% of the stock is currently owned by institutional investors and hedge funds.

About Bancorpsouth Bank

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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The Fly

Analyst Recommendations for Bancorpsouth Bank (NYSE:BXS)

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