Piper Sandler (NYSE:PIPR) analyst Brad Milsaps maintained a Hold rating on Bancorpsouth on Wednesday, setting a price target of $23, which is approximately 19.85% above the present share price of $19.19.
Milsaps expects Bancorpsouth to post earnings per share (EPS) of $0.57 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in BancorpSouth (NYSE:BXS), with an average price target of $24.2.
The analysts price targets range from a high of $29 to a low of $20.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $261.83 million and a net profit of $0. The company's market cap is $1.98 billion.
According to TipRanks.com, Piper Sandler analyst Brad Milsaps is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.2% and a 37.06% success rate.
BancorpSouth Bank engages in conducting general commercial banking, trust, and insurance businesses through offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas, and Illinois. It operates through the following segments: Banking Services Group, Mortgage, Insurance Agencies, Wealth Management, and General Corporate and Other. The Banking Services Group segment offers deposit products, commercial loans and consumer loans. The Mortgage segment includes mortgage banking activities of originating mortgage loans; selling mortgage loans in the secondary market; and servicing the mortgage loans that are sold on a servicing retained basis. The Insurance Agencies segment serve as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, health, and employee benefits products and services. The Wealth Management segment provides individuals, businesses, governmental institutions, and non-profit entities a wide range of solutions to help protect, grow, and transfer wealth. The General Corporate and Other segment covers activities not allocated to Banking Services Group, Mortgage, Insurance Agencies or Wealth Management segments. The company was founded in 1876 and is headquartered in Tupelo, MS.