BancorpSouth upgraded by Keefe Bruyette with a new price target
$BXS
Keefe Bruyette upgraded BancorpSouth from Mkt Perform to Outperform and set a new price target of $37.00 from $33.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/27/2021 | $33.00 → $37.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 8/31/2021 | $36.00 | Outperform → Strong Buy | Raymond James |
SC 13G/A - BancorpSouth Bank (0001299939) (Subject)
TUPELO, Miss., Oct. 27, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE:BXS) (the company) declared a quarterly cash dividend of $0.20 per share of common stock. The common stock dividend is payable on January 3, 2022, to shareholders of record at the close of business on December 15, 2021. Subject to the satisfaction of customary closing conditions, the company expects to complete its pending merger with Cadence Bancorporation, the parent company of Cadence Bank N.A., effective October 29, 2021. Accordingly, legacy Cadence shareholders, who receive shares of company common stock in the merger and continue to hold such shares
TUPELO, Miss., Oct. 25, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE:BXS) (the Company) today announced financial results for the quarter ended September 30, 2021. Highlights for the third quarter of 2021 included: Achieved quarterly net income available to common shareholders of $70.4 million, or $0.65 per diluted common share, and net operating income available to common shareholders – excluding MSR – of $73.3 million, or $0.68 per diluted common share. Generated $90.1 million in pre-tax pre-provision net revenue (PPNR), or 1.29 percent of average assets on an annualized basis. Generated organic total deposit and customer repo growth of $722.2 million for the quarter, or 12.2 percent on an
TUPELO, Miss. and HOUSTON, Texas, Oct. 15, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE:BXS) ("BancorpSouth") and Cadence Bancorporation (NYSE:CADE) ("Cadence"), the parent company of Cadence Bank, N.A., announced their proposed merger has received final Federal Deposit Insurance Corporation ("FDIC") approval. The FDIC approval follows recent approvals from the Mississippi Department of Banking and Consumer Finance and from shareholders of both companies. The merger, originally announced on April 12, 2021, is scheduled to close at 11:59 pm CDT on October 31, 2021, subject to the satisfaction of customary closing conditions. Upon closing, the merger will create the sixth-largest bank headquar
13F-HR - BancorpSouth Bank (0001299939) (Filer)
13F-HR - BancorpSouth Bank (0001299939) (Filer)
13F-HR - BancorpSouth Bank (0001299939) (Filer)
Keefe Bruyette upgraded BancorpSouth from Mkt Perform to Outperform and set a new price target of $37.00 from $33.00 previously
Raymond James upgraded BancorpSouth Bank from Outperform to Strong Buy and set a new price target of $36.00
DA Davidson upgraded BancorpSouth from Neutral to Buy and set a new price target of $34.00
TUPELO, Miss. and HOUSTON, Oct. 29, 2021 /PRNewswire/ -- Cadence Bank (NYSE:CADE) today announced the successful closing of its previously announced merger in which legacy Cadence Bancorporation merged into BancorpSouth Bank, with BancorpSouth as the surviving company. Upon the completion of the merger, BancorpSouth was renamed Cadence Bank, and its stock will trade on the New York Stock Exchange under the symbol "CADE" beginning today. Through this transaction, Cadence is the sixth-largest bank headquartered in its nine-state footprint with $48 billion in assets, and a presence in eight of the top 10 largest metropolitan statistical areas therein. "With the completion of our merger, we're p
TUPELO, Miss., Oct. 27, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE:BXS) (the company) declared a quarterly cash dividend of $0.20 per share of common stock. The common stock dividend is payable on January 3, 2022, to shareholders of record at the close of business on December 15, 2021. Subject to the satisfaction of customary closing conditions, the company expects to complete its pending merger with Cadence Bancorporation, the parent company of Cadence Bank N.A., effective October 29, 2021. Accordingly, legacy Cadence shareholders, who receive shares of company common stock in the merger and continue to hold such shares
NEW YORK, Oct. 25, 2021 /PRNewswire/ -- Avid Bioservices Inc. (NASD: CDMO) will replace Cadence Bancorporation (NYSE:CADE) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 29. S&P MidCap 400 constituent BancorpSouth Bank (NYSE:BXS) is acquiring Cadence Bancorporation in a deal expected to close on or about that date pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector October 29, 2021 S&P SmallCap 600 Addition Avid Bioservices CDMO Health Care S&P SmallCap 600 Deletion Cadence Bancorporation CADE Financ