SunTrust Banks Reiterates Hold Rating for BancorpSouth (BXS)

BancorpSouth (NYSE:BXS)‘s stock had its “hold” rating reiterated by research analysts at SunTrust Banks in a report released on Wednesday. They presently have a $34.00 price objective on the bank’s stock. SunTrust Banks’ target price points to a potential upside of 2.26% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of BancorpSouth from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $33.00 price target on shares of BancorpSouth in a research note on Friday, October 20th. Hovde Group lifted their price target on shares of BancorpSouth from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $32.00 price target on shares of BancorpSouth in a research note on Thursday, October 12th. Finally, Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $33.13.

Shares of BancorpSouth (BXS) opened at $33.25 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market cap of $2,949.27, a P/E ratio of 19.91 and a beta of 1.41. BancorpSouth has a 12-month low of $27.20 and a 12-month high of $34.02.

BancorpSouth (NYSE:BXS) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $186.52 million during the quarter, compared to the consensus estimate of $191.32 million. BancorpSouth had a net margin of 19.59% and a return on equity of 8.97%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. research analysts forecast that BancorpSouth will post 1.65 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Cramer Rosenthal Mcglynn LLC increased its holdings in BancorpSouth by 113.9% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,533,650 shares of the bank’s stock worth $49,153,000 after acquiring an additional 816,760 shares during the last quarter. Victory Capital Management Inc. lifted its position in BancorpSouth by 50.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,181,986 shares of the bank’s stock worth $37,883,000 after buying an additional 397,740 shares during the last quarter. State Street Corp lifted its position in BancorpSouth by 6.8% in the 2nd quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock worth $149,028,000 after buying an additional 310,447 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in BancorpSouth in the 2nd quarter worth approximately $6,063,000. Finally, Northern Trust Corp increased its stake in shares of BancorpSouth by 8.2% during the second quarter. Northern Trust Corp now owns 2,583,338 shares of the bank’s stock valued at $78,792,000 after buying an additional 196,469 shares during the period. 66.31% of the stock is owned by institutional investors.

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BancorpSouth Company Profile

BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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.

Analyst Recommendations for BancorpSouth (NYSE:BXS)

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