Keefe Bruyette & Woods Upgrades BancorpSouth to Outperform with Price Target $25.00

Brokerage firm Keefe Bruyette & Woods Upgrades its rating on BancorpSouth(NYSE:BXS). In a research note issued to the investors, the brokerage major Raises the price-target to $25.00 per share. The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Keefe Bruyette & Woods was issued on Jun 30, 2016.

In a different note, On Apr 5, 2016, JP Morgan said it Maintains its rating on BancorpSouth. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Neutral’ by the firm.

BancorpSouth (BXS) shares turned negative on Tuesdays trading session with the shares closing down -0.82 points or -3.69% at a volume of 4,42,447. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.97. The peak price level was also seen at $21.97 while the days lowest was $21.28. Finally the shares closed at $21.42. The 52-week high of the shares is $27.23 while the 52-week low is $18.69. According to the latest information available, the market cap of the company is $2,023 M.

BancorpSouth(BXS) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $176.67M. Analysts had an estimated revenue of $184.63M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.37.

Several Insider Transactions has been reported to the SEC. On Nov 9, 2015, Cathy Smith Freeman (Senior Executive VP) sold 955 shares at $26.50 per share price.Also, 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.

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