ValuEngine downgraded shares of BancorpSouth, Inc. (NYSE:BXS) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

BXS has been the subject of several other research reports. Zacks Investment Research raised shares of BancorpSouth from a sell rating to a hold rating in a research note on Tuesday, October 24th. BidaskClub cut shares of BancorpSouth from a sell rating to a strong sell rating in a research note on Saturday, August 12th. Brean Capital reaffirmed a hold rating on shares of BancorpSouth in a research note on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a hold rating and set a $31.00 price objective on shares of BancorpSouth in a research note on Friday, September 8th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $33.00 price objective on shares of BancorpSouth in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. BancorpSouth has an average rating of Hold and an average price target of $33.00.

BancorpSouth (NYSE:BXS) traded down $0.10 on Thursday, hitting $30.60. 307,400 shares of the stock traded hands, compared to its average volume of 606,219. The stock has a market capitalization of $2,764.10, a P/E ratio of 18.66 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.88. BancorpSouth has a 52-week low of $26.35 and a 52-week high of $32.70.

BancorpSouth (NYSE:BXS) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $186.52 million during the quarter, compared to analysts’ expectations of $191.32 million. BancorpSouth had a net margin of 19.59% and a return on equity of 8.97%. BancorpSouth’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. research analysts expect that BancorpSouth will post 1.65 earnings per share for the current year.

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BancorpSouth declared that its board has approved a share buyback program on Tuesday, October 31st that authorizes the company to repurchase 6,000,000 shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $0.14 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.83%. BancorpSouth’s dividend payout ratio is presently 33.94%.

Hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC grew its stake in BancorpSouth by 92.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock worth $112,000 after buying an additional 1,757 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BancorpSouth by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock worth $117,000 after buying an additional 316 shares in the last quarter. Sei Investments Co. grew its stake in BancorpSouth by 34.4% in the 2nd quarter. Sei Investments Co. now owns 6,063 shares of the bank’s stock worth $186,000 after buying an additional 1,553 shares in the last quarter. Oakbrook Investments LLC purchased a new position in BancorpSouth in the 3rd quarter worth approximately $202,000. Finally, Grandfield & Dodd LLC purchased a new position in BancorpSouth in the 3rd quarter worth approximately $203,000. 66.29% of the stock is owned by institutional investors and hedge funds.

About BancorpSouth

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 Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.

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Analyst Recommendations for BancorpSouth (NYSE:BXS)

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