BancorpSouth (BXS) was Upgraded by Keefe Bruyette to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Jun 30, 2016.
Many Wall Street Analysts have commented on BancorpSouth. Company shares were Reiterated by Hovde Group on Apr 22, 2016 to “Market Perform”, Firm has raised the Price Target to $ 25 from a previous price target of $21.50 .Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $25 .
On the company’s financial health, BancorpSouth reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.37.Analysts expectations of $ 185.40.During the same quarter in the previous year, the company posted $0.33 EPS.
BancorpSouth opened for trading at $21.38 and hit $21.77 on the upside on Wednesday, eventually ending the session at $21.69, with a gain of 2.65% or 0.56 points. The heightened volatility saw the trading volume jump to 6,66,297 shares. Company has a market cap of $2,048 M.
In a different news, on Nov 9, 2015, Cathy Smith Freeman (Senior Executive VP) sold 955 shares at $26.50 per share price. According to the SEC, on Nov 9, 2015, William James Jr Threadgill (Senior Executive VP) sold 928 shares at $26.19 per share price. On Oct 27, 2015, William L. Prater (Senior Executive VP & CFO) sold 27 shares at $24.73 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.