BancorpSouth (BXS) is Downgraded by Keefe Bruyette to Mkt Perform

BancorpSouth (BXS) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.

Many Wall Street Analysts have commented on BancorpSouth. Shares were Downgraded by RBC Capital Mkts on Oct 21, 2016 to ” Sector Perform” and Lowered the Price Target to $ 25 from a previous price target of $26 .

On the company’s financial health, BancorpSouth reported $0.40 EPS for the quarter, based on the information available during the earnings call on Oct 19, 2016. Analyst had a consensus estimate of $0.40. The company had revenue of $185.50 million for the quarter, compared to analysts expectations of $189.94 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

BancorpSouth opened for trading at $29.15 and hit $29.4 on the upside on Friday, eventually ending the session at $29.4, with a gain of 0.51% or 0.15 points. The heightened volatility saw the trading volume jump to 2,46,636 shares. Company has a market cap of $2,753 M.

Investors should note that on Oct 26, 2016, BancorpSouth announced a cash dividend of $0.1250. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Jan 3, 2017.

In a different news, on Aug 25, 2016, James Ronald Hodges (Senior Executive VP) sold 103 shares at $24.09 per share price. According to the SEC, on Aug 22, 2016, William James Jr Threadgill (Senior Executive VP) sold 591 shares at $23.95 per share price. On Nov 9, 2015, Cathy Smith Freeman (Senior Executive VP) sold 955 shares at $26.50 per share price, according to the Form-4 filing with the securities and exchange commission.

BancorpSouth Inc. is a financial holding company. The Company through its principal bank subsidiary BancorpSouth Bank (the Bank) conducts commercial banking and financial services operations in Mississippi Tennessee Alabama Arkansas Texas Louisiana Florida Missouri and Illinois. The Bank and its subsidiaries provide a range of financial services to individuals and small-to-medium size businesses. The Bank operates an insurance agency subsidiary which engages in sales of insurance products. The Bank’s wealth management department offers a range of services including investment brokerage services personal trust and estate services certain employee benefit accounts and plans including individual retirement accounts and limited corporate trust functions. Its lending activities include both commercial and consumer loans. Deposits include noninterest bearing demand deposits interest bearing demand deposits savings and other time deposits.


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