ValuEngine Downgrades Bancorpsouth Bank (NYSE:BXS) to Sell

Share on StockTwits

ValuEngine downgraded shares of Bancorpsouth Bank (NYSE:BXS) from a hold rating to a sell rating in a research report sent to investors on Friday, November 1st, ValuEngine reports.

A number of other analysts also recently weighed in on the company. Royal Bank of Canada set a $31.00 target price on Bancorpsouth Bank and gave the stock a hold rating in a research report on Friday, July 19th. Piper Jaffray Companies assumed coverage on Bancorpsouth Bank in a research report on Wednesday, September 18th. They issued a neutral rating and a $32.50 target price for the company. DA Davidson assumed coverage on Bancorpsouth Bank in a research report on Tuesday, August 20th. They issued a neutral rating and a $30.50 target price for the company. Finally, SunTrust Banks upgraded Bancorpsouth Bank from a hold rating to a buy rating and boosted their target price for the stock from $32.00 to $33.00 in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $32.33.

Shares of BXS traded down $0.08 during trading hours on Friday, reaching $31.53. 259,433 shares of the company’s stock traded hands, compared to its average volume of 474,860. The stock has a market cap of $3.33 billion, a PE ratio of 14.14 and a beta of 1.43. The firm’s 50 day simple moving average is $29.92 and its 200-day simple moving average is $28.93. Bancorpsouth Bank has a 12 month low of $24.31 and a 12 month high of $33.45.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.74 dividend on an annualized basis and a yield of 2.35%. Bancorpsouth Bank’s dividend payout ratio (DPR) is currently 33.18%.

A number of institutional investors have recently made changes to their positions in BXS. Commonwealth Equity Services LLC purchased a new position in shares of Bancorpsouth Bank during the third quarter valued at approximately $15,140,000. Nuveen Asset Management LLC bought a new stake in shares of Bancorpsouth Bank during the second quarter valued at approximately $11,634,000. Mid Atlantic Financial Management Inc. ADV bought a new stake in shares of Bancorpsouth Bank during the second quarter valued at approximately $7,427,000. Balyasny Asset Management LLC boosted its position in shares of Bancorpsouth Bank by 82.0% during the second quarter. Balyasny Asset Management LLC now owns 536,092 shares of the bank’s stock valued at $15,568,000 after purchasing an additional 241,494 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Bancorpsouth Bank by 6.0% during the second quarter. Northern Trust Corp now owns 2,831,500 shares of the bank’s stock valued at $82,228,000 after purchasing an additional 161,282 shares in the last quarter. 63.28% 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.

Featured Story: Diversification in Investing

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

Analyst Recommendations for Bancorpsouth Bank (NYSE:BXS)

Receive News & Ratings for Bancorpsouth Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorpsouth Bank and related companies with MarketBeat.com's FREE daily email newsletter.