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BancorpSouth (NYSE:BXS) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The analysts noted that the move was a valuation call.

Shares of BancorpSouth (NYSE:BXS) traded down 1.01% during mid-day trading on Monday, hitting $24.62. The stock had a trading volume of 717,944 shares. BancorpSouth has a 52-week low of $14.14 and a 52-week high of $25.54. The stock has a 50-day moving average of $24.19 and a 200-day moving average of $21.00. The company has a market cap of $2.344 billion and a P/E ratio of 28.29.

BancorpSouth (NYSE:BXS) last announced its earnings results on Tuesday, October 22nd. The company reported $0.26 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.26. During the same quarter last year, the company posted $0.25 earnings per share. On average, analysts predict that BancorpSouth will post $0.98 earnings per share for the current fiscal year.

A number of other firms have also recently commented on BXS. Analysts at Zacks reiterated a “neutral” rating on shares of BancorpSouth in a research note to investors on Thursday. They now have a $27.00 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of BancorpSouth from $23.00 to $26.00 in a research note to investors on Wednesday, December 4th. They now have a “hold” rating on the stock. Finally, analysts at Evercore Partners initiated coverage on shares of BancorpSouth in a research note to investors on Tuesday, November 5th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $21.13.

BancorpSouth, Inc is a financial holding company. Through its principal bank subsidiary, BancorpSouth Bank (NYSE:BXS), the Company conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois.

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