Rating to Follow: BancorpSouth Inc (NYSE:BXS) Is a Stock KBW Is Wary of; Firm Downgrades It

November 30, 2016 - By Peter Erickson

Rating to Follow: BancorpSouth Inc (NYSE:BXS) Is a Stock KBW Is Wary of; Firm Downgrades It

BancorpSouth Inc (NYSE:BXS) Downgrade

Equity research analysts at KBW’s equity research division cut BancorpSouth Inc (NYSE:BXS)‘s stock rating from Outperform to Mkt Perform on Tuesday morning.

BancorpSouth, Inc. (NYSE:BXS) Ratings Coverage

Out of 7 analysts covering BancorpSouth Inc (NYSE:BXS), 0 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 0 are positive. $26 is the highest target while $21 is the lowest. The $24.71 average target is -13.15% below today’s ($28.45) stock price. BancorpSouth Inc has been the topic of 13 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, June 30 by Keefe Bruyette & Woods. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, January 27. The rating was downgraded by Raymond James to “Mkt Perform” on Monday, October 5. On Tuesday, November 29 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. The company was downgraded on Thursday, October 6 by Raymond James. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, October 21.

The stock increased 0.18% or $0.05 during the last trading session, hitting $28.45. BancorpSouth, Inc. (NYSE:BXS) has risen 19.84% since April 27, 2016 and is uptrending. It has outperformed by 14.61% the S&P500.

Analysts await BancorpSouth, Inc. (NYSE:BXS) to report earnings on January, 23. They expect $0.37 earnings per share, up 12.12% or $0.04 from last year’s $0.33 per share. BXS’s profit will be $33.42 million for 19.22 P/E if the $0.37 EPS becomes a reality. After $0.39 actual earnings per share reported by BancorpSouth, Inc. for the previous quarter, Wall Street now forecasts -5.13% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.51, from 0.95 in 2016Q1. The ratio improved, as 14 funds sold all BancorpSouth, Inc. shares owned while 59 reduced positions. 18 funds bought stakes while 51 increased positions. They now own 57.73 million shares or 3.76% less from 59.99 million shares in 2016Q1.

Profund reported 16,126 shares or 0.02% of all its holdings. State Street reported 3.87 million shares or 0.01% of all its holdings. The Illinois-based Balyasny Asset Management Ltd Liability has invested 0.06% in BancorpSouth, Inc. (NYSE:BXS). Retirement Of Alabama last reported 109,637 shares in the company. Cornerstone Capital Mgmt Holdings Ltd Company, a New York-based fund reported 21,787 shares. Proshare Advsrs Ltd Limited Liability Company reported 30,872 shares or 0.01% of all its holdings. Mutual Of America Management Limited Liability has 0.03% invested in the company for 64,844 shares. Millennium Mngmt has invested 0.07% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). Tower Rech Capital Ltd Liability Company (Trc) has 15,859 shares for 0.03% of their US portfolio. Paloma Prtn has invested 0.01% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). Swiss Comml Bank, a Switzerland-based fund reported 140,500 shares. Maltese Capital Management Ltd Liability holds 0.37% of its portfolio in BancorpSouth, Inc. (NYSE:BXS) for 129,882 shares. Amer Intll Grp Inc last reported 211,687 shares in the company. Deere & has 19,447 shares for 0.02% of their US portfolio. Sei Invs, a Pennsylvania-based fund reported 23 shares.

Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 3 sales for $125,715 net activity. Shares for $109,077 were sold by Hodges James Ronald. THREADGILL WILLIAM JAMES JR sold 591 shares worth $14,157.

BancorpSouth, Inc. is a financial holding company. The company has a market cap of $2.57 billion. The Company, through its principal bank subsidiary, BancorpSouth Bank , conducts commercial banking and financial services activities in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. It has a 23.23 P/E ratio. The Company’s divisions include Community Banking, Insurance Agencies, and General Corporate and Other.

According to Zacks Investment Research, “BANCORPSOUTH INC, through its subsidiaries, provides a range of financial services and products to individuals and small-to-medium size businesses. Various types of checking accounts, both interest bearing and non-interest bearing, are available. Savings accounts and certificates of deposit with a range of maturities and interest rates are available to meet the needs of customers. Other services include safe deposit and night depository facilities. Limited 24-hour banking with automated teller machines is provided in most of its principal markets.”

BXS Company Profile

BancorpSouth, Inc., incorporated on February 17, 1982, is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services activities in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s divisions include Community Banking, Insurance Agencies, and General Corporate and Other. The Company’s Community Banking segment provides a range of deposit products, commercial loans and consumer loans. The Company’s Insurance Agencies segment serves as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, health and employee benefits services and products. The Company’s General Corporate and Other segment includes mortgage lending, trust services, credit card activities, investment services and other activities not allocated to the Community Banking or Insurance Agencies divisions. 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.

More important recent BancorpSouth, Inc. (NYSE:BXS) news were published by: Nasdaq.com which released: “New Strong Sell Stocks for November 22nd” on October 27, 2016, also Prnewswire.com published article titled: “BancorpSouth Announces Retirement Of Chief Financial Officer Bill Prater”, Prnewswire.com published: “BancorpSouth Announces Extension of Merger Agreements with Central Community …” on October 14, 2016. More interesting news about BancorpSouth, Inc. (NYSE:BXS) was released by: Seekingalpha.com and their article: “BancorpSouth Seems To Have A Harder Path To Growth” with publication date: November 23, 2016.

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