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BancorpSouth (NYSE:BXS) was downgraded by equities research analysts at Evercore Partners from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Tuesday.

In other BancorpSouth news, COO Chris A. Bagley purchased 25,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was purchased at an average cost of $21.15 per share, for a total transaction of $528,750.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of BancorpSouth (NYSE:BXS) traded up 1.32% during mid-day trading on Tuesday, hitting $21.45. 511,008 shares of the company’s stock traded hands. BancorpSouth has a 1-year low of $18.93 and a 1-year high of $26.24. The stock has a 50-day moving average of $21.50 and a 200-day moving average of $23.39. The company has a market cap of $2.060 billion and a price-to-earnings ratio of 18.09.

BancorpSouth (NYSE:BXS) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. During the same quarter in the previous year, the company posted $0.22 earnings per share. Analysts expect that BancorpSouth will post $1.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, September 11th. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.05.

BXS has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of BancorpSouth in a research note on Thursday, July 24th. They now have a $24.00 price target on the stock, down previously from $26.00. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of BancorpSouth from $26.00 to $21.00 in a research note on Wednesday, July 23rd. They now have a “market perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BancorpSouth in a research note on Wednesday, July 23rd. They now have a $22.00 price target on the stock, down previously from $23.00. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.43.

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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