Bancorpsouth Bank (NYSE:BXS) Stock Rating Lowered by Stephens

Featured Story

The Bible offers quite a few examples of growing wealth through legitimate means. Some are similar to investing—spending money now to make money later. God’s intentions for how we should manage our wealth are found in many Scriptures. The following are a few examples.

Proverbs 28:20 says, “A faithful man will be richly blessed, but one eager to get rich will not go unpunished.” This speaks against the “get-rich-quick” mentality. Looking at investment as a long-term plan for the future is good planning, but trying to make a fortune overnight is not.

Stephens cut shares of Bancorpsouth Bank (NYSE:BXS)from an overweight rating to an equal weight rating in a report issued on Wednesday, March 6th, Stock Target Advisor reports. They currently have $32.00 price target on the bank’s stock, down from their prior price target of $33.00.

BXS has been the topic of several other reports. Brean Capital restated a hold rating on shares of Bancorpsouth Bank in a report on Wednesday, November 14th. Zacks Investment Researchupgraded Bancorpsouth Bank from a hold rating to a buy rating and set a $32.00 price target on the stock in a report on Tuesday, January 29th. Finally, ValuEngine cut Bancorpsouth Bank from a hold rating to a sell rating in a report on Thursday, January 10th. One 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 company. Bancorpsouth Bank currently has an average rating of Hold and a consensus target price of $33.50.Get Bancorpsouth Bank alerts: 

Bancorpsouth Bank logo

Shares of NYSE:BXS traded up $1.01 during midday trading on Wednesday, hitting $29.23. 554,160 shares of the stock were exchanged, compared to its average volume of 585,148. The stock has a market cap of $2.55 billion, a P/E ratio of 13.11 and a beta of 1.45. Bancorpsouth Bank has a 12 month low of $24.31 and a 12 month high of $35.45 Source

Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $211.91 million for the quarter, compared to analysts’ expectations of $221.38 million. Bancorpsouth Bank had a return on equity of 10.43% and a net margin of 23.66%. During the same period in the previous year, the business posted $0.41 earnings per share. Equities analysts forecast that Bancorpsouth Bank will post 2.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, March 14th. Bancorpsouth Bank’s dividend payout ratio is currently 30.49%.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Bancorpsouth Bank by 5.7% in the fourth quarter. BlackRock Inc. now owns 11,371,437 shares of the bank’s stock valued at $297,251,000 after buying an additional 613,350 shares during the period. Vanguard Group Inc. raised its position in shares of Bancorpsouth Bank by 2.3% during the third quarter. Vanguard Group Inc. now owns 8,609,060 shares of the bank’s stock worth $281,516,000 after purchasing an additional 193,071 shares during the period. Vanguard Group Inc raised its position in shares of Bancorpsouth Bank by 2.3% during the third quarter. Vanguard Group Inc now owns 8,609,060 shares of the bank’s stock worth $281,516,000 after purchasing an additional 193,071 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Bancorpsouth Bank by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,017,562 shares of the bank’s stock worth $105,019,000 after purchasing an additional 84,102 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Bancorpsouth Bank by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,248,852 shares of the bank’s stock worth $32,645,000 after purchasing an additional 29,666 shares during the period. 73.07% of the stock is currently owned by institutional investors.

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.

Featured Story: What is Compound Annual Growth Rate (CAGR)?

Analyst Recommendations for Bancorpsouth Bank (NYSE:BXS)
Source

Don't Miss

“A Multitrillion Dollar Helicopter Credit Drop”: How The Fed Turned $454 Billion Into $4.5 Trillion

By StevieRay Hansen

Force is now the only rule remaining in deep state-controlled America. Everything has collapsed, no free speech, no fair trial, no system of justice, no…

Read More

Gold’s Gone Wild!

By StevieRay Hansen

The headline’s gone wild today. For example, one public gold company CEO tweeted: “Today, some banks failed to deliver physical in the COMEX bar EFP.…

Read More

Get Ready For World Money

By StevieRay Hansen

Since Federal Reserve resources were barely able to prevent a complete collapse in 2008, it should be expected that an even larger collapse will overwhelm…

Read More

Goldman On Gold: “Time To Buy The Currency Of Last Resort”

By StevieRay Hansen

A month ago, Goldman Sachs suggested there is more to come for precious metals as with rates getting closer to their lower bound, gold looks increasingly…

Read More

Ronin Capital Blows Up, Unable To Meet CME Capital Requirements After VIX Trade Goes Wrong

By StevieRay Hansen

We have certainly had our share of dismal fund returns in the past two weeks, in the aftermath of a market crash that is now…

Read More

Noted Investor Warns Trump If He Doesn’t “Shut Down” Entire Country for 30 Days

By StevieRay Hansen

Due to coronavirus, we will lose “America as we know it”… While a number of experts have already warned that the impact of the Wuhan…

Read More

Midtown Manhattan Bank Runs Out Of $100 Bills Amid Corona Panic

By StevieRay Hansen

With the stock market plummeting as the realities of the COVID-19 outbreak sink in, nervous New Yorkers flooded a Midtown Manhattan Bank of America –…

Read More

The Blood Bath Has Begun

By StevieRay Hansen

Don’t forget, the Spanish Flu pandemic lasted from January 1918 to December 1920.  Facebook Twitter Pinterest Email Fear of the coronavirus is causing shutdowns on a global scale…

Read More

Blain: “Step Back, Hunker Down, Get Ready…”

By StevieRay Hansen

“Vulgar, but not a vulgar as Louis Vuitton, thought Sherman.” Perhaps it’s time to think about the unthinkable and close markets for a few weeks? …

Read More

We Just Witnessed The Largest Single Day Stock Market Point Crash In History (Again)

By StevieRay Hansen

It has happened again.  On Thursday the Dow Jones Industrial Average fell 2,352 points, which was the largest single-day stock market point crash in history. …

Read More

StevieRay Hansen

4 Comments

  1. […] Bancorpsouth Bank (NYSE:BXS) Stock Rating Lowered by Stephens Failed Bank List-Federal officials expect turbulence in the banking industry to continue into next year “Bank of America thinks they’re untouchable, “They think they have so many zeroes in their bank accounts that they’re above the law.” BANKS: A Biblical Perspective Of The Bankerster, A Sadducee Wrapped In A Pharisees Loincloth… Michael Avenatti fraud case shines a light on bankers, lawyers and money in Biloxi Share this…FacebookPinterestTwitterLinkedinRedditStumbleUponPrintemail Posted in #Fraud #Banks #Money #Corruption, Bank Corruption, Bank Fraud, Bankers, Banking Crash, Biblical Prophecy, Financial news, News, ungodliness […]

  2. […] Bancorpsouth Bank (NYSE:BXS) Stock Rating Lowered by Stephens Failed Bank List-Federal officials expect turbulence in the banking industry to continue into next year “Bank of America thinks they’re untouchable, “They think they have so many zeroes in their bank accounts that they’re above the law.” BANKS: A Biblical Perspective Of The Bankerster, A Sadducee Wrapped In A Pharisees Loincloth… Michael Avenatti fraud case shines a light on bankers, lawyers and money in Biloxi […]

  3. […] Bank:Transgender robber convicted of stealing to fund sex change operations Bancorpsouth Bank (NYSE:BXS) Stock Rating Lowered by Stephens Failed Bank List-Federal officials expect turbulence in the banking industry to continue into […]

  4. […] crime. BancorpSouth Bank:Transgender robber convicted of stealing to fund sex change operations Bancorpsouth Bank (NYSE:BXS) Stock Rating Lowered by Stephens Share this…FacebookPinterestTwitterLinkedinRedditStumbleUponPrintemail Posted in #Fraud #Banks […]

Leave a Comment