Bancorpsouth Bank (NYSE:BXS) Given a $31.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a $31.00 target price on Bancorpsouth Bank (NYSE:BXS) in a research report sent to investors on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the bank’s stock.

A number of other equities research analysts have also weighed in on BXS. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Thursday, March 21st. Stephens reissued a buy rating and set a $31.00 target price on shares of Fidelity Southern in a report on Thursday, April 18th. Finally, Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a buy rating to a hold rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has an average rating of Hold and an average price target of $32.25.

BXS traded up $0.08 during trading on Friday, reaching $29.08. 309,750 shares of the company’s stock were exchanged, compared to its average volume of 496,081. Bancorpsouth Bank has a one year low of $24.31 and a one year high of $35.40. The stock has a market capitalization of $2.89 billion, a PE ratio of 13.04 and a beta of 1.46. The stock has a fifty day moving average price of $28.50.

Bancorpsouth Bank (NYSE:BXS) last posted its earnings results on Wednesday, July 17th. The bank reported $0.61 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.61. Bancorpsouth Bank had a net margin of 22.39% and a return on equity of 10.30%. The firm had revenue of $226.35 million for the quarter, compared to analyst estimates of $234.95 million. During the same period in the previous year, the firm posted $0.55 EPS. On average, sell-side analysts expect that Bancorpsouth Bank will post 2.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, June 13th. Bancorpsouth Bank’s dividend payout ratio is currently 30.49%.

Large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Bancorpsouth Bank by 424.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 125,792 shares of the bank’s stock valued at $3,550,000 after purchasing an additional 101,824 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Bancorpsouth Bank by 7.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 53,349 shares of the bank’s stock valued at $1,294,000 after purchasing an additional 3,645 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bancorpsouth Bank by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,017,562 shares of the bank’s stock valued at $105,019,000 after purchasing an additional 84,102 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Bancorpsouth Bank by 4.1% in the 1st quarter. New York State Common Retirement Fund now owns 99,170 shares of the bank’s stock valued at $2,799,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Norges Bank bought a new position in Bancorpsouth Bank during the fourth quarter worth $25,028,000. 65.16% of the stock is currently owned by institutional investors.

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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