Bancorpsouth Bank (BXS) Downgraded by ValuEngine

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Bancorpsouth Bank (NYSE:BXS) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

BXS has been the topic of a number of other reports. Stephens reissued a “buy” rating and issued a $37.00 price target on shares of Bancorpsouth Bank in a report on Monday, August 27th. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a report on Sunday, September 30th. Finally, Zacks Investment Research raised shares of Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Wednesday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Bancorpsouth Bank currently has an average rating of “Hold” and a consensus price target of $36.17.

Shares of NYSE BXS traded down $0.75 during trading on Friday, hitting $28.47. The stock had a trading volume of 1,093,900 shares, compared to its average volume of 661,457. Bancorpsouth Bank has a 12 month low of $28.44 and a 12 month high of $35.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 17.05 and a beta of 1.41.

Bancorpsouth Bank (NYSE:BXS) last posted its earnings results on Wednesday, October 17th. The bank reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The firm had revenue of $213.75 million during the quarter, compared to analyst estimates of $216.90 million. Bancorpsouth Bank had a net margin of 23.71% and a return on equity of 10.38%. During the same quarter in the prior year, the business posted $0.43 EPS. On average, research analysts anticipate that Bancorpsouth Bank will post 2.21 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Bancorpsouth Bank by 9.8% in the 2nd quarter. BlackRock Inc. now owns 10,322,893 shares of the bank’s stock worth $340,139,000 after buying an additional 920,056 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Bancorpsouth Bank by 3.7% in the 2nd quarter. Northern Trust Corp now owns 2,677,676 shares of the bank’s stock worth $88,229,000 after buying an additional 96,222 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Bancorpsouth Bank by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,186,363 shares of the bank’s stock worth $39,090,000 after buying an additional 17,027 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in shares of Bancorpsouth Bank by 529.4% in the 2nd quarter. Federated Investors Inc. PA now owns 561,159 shares of the bank’s stock worth $18,490,000 after buying an additional 472,001 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Bancorpsouth Bank by 8.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 548,223 shares of the bank’s stock worth $18,064,000 after buying an additional 40,637 shares during the last quarter. 72.81% 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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Analyst Recommendations for Bancorpsouth Bank (NYSE:BXS)

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