Shares of BancorpSouth Inc. (NYSE:BXS) fell 2.7% on Monday . The stock traded as low as $22.46 and last traded at $23.49, with a volume of 1,457,178 shares trading hands. The stock had previously closed at $24.15.

Several brokerages have weighed in on BXS. JPMorgan Chase & Co. lowered their price objective on BancorpSouth from $24.00 to $23.50 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Hovde Group boosted their price objective on BancorpSouth from $21.50 to $25.00 and gave the company a “market perform” rating in a research report on Friday, April 22nd. Zacks Investment Research upgraded BancorpSouth from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Royal Bank Of Canada boosted their price objective on BancorpSouth from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Finally, Keefe, Bruyette & Woods raised BancorpSouth from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $24.00 to $25.00 in a research note on Thursday, June 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.71.

The firm has a 50 day moving average of $23.28 and a 200 day moving average of $22.17. The stock has a market cap of $2.22 billion and a P/E ratio of 19.71.

BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. During the same period in the previous year, the firm posted $0.41 EPS. Equities analysts predict that BancorpSouth Inc. will post $1.52 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, September 13th. This is a boost from BancorpSouth’s previous quarterly dividend of $0.10.

A number of institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its position in BancorpSouth by 3.2% in the fourth quarter. New York State Common Retirement Fund now owns 102,500 shares of the company’s stock valued at $2,459,000 after buying an additional 3,200 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in BancorpSouth by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 59,595 shares of the company’s stock valued at $1,430,000 after buying an additional 1,474 shares during the last quarter. Wells Fargo & Company MN raised its stake in BancorpSouth by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 506,912 shares of the company’s stock valued at $12,161,000 after buying an additional 4,422 shares during the last quarter. Finally, RS Investment Management Co. LLC raised its stake in BancorpSouth by 20.0% in the fourth quarter. RS Investment Management Co. LLC now owns 911,370 shares of the company’s stock valued at $21,864,000 after buying an additional 151,660 shares during the last quarter.

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.

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