Raymond James downgraded BancorpSouth (NYSE:BXS) from Mkt Perform to Underperform in a report released today.
- Updated: October 6, 2016
Raymond James has downgraded BancorpSouth (NYSE:BXS) from Mkt Perform to Underperform in a report released on 10/6/2016.
Yesterday BancorpSouth (NYSE:BXS) traded -1.11% lower at $23.38. The company’s 50-day moving average is $23.96 and its 200-day moving average is $23.06. The last stock close price is up 0.26% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 140,301 shares of the stock were exchanged, down from an average trading volume of 546,485
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BancorpSouth has a 52 week low of $18.69 and a 52 week high of $27.23 with a P/E ratio of 19.44 The company’s market cap is currently $0.
In addition to Raymond James reporting its target price, a total of 9 brokers have issued a report on the stock. The consensus target price is $24.39 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 9 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About BancorpSouth (NYSE:BXS)
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. Its Community Banking segment provides a range of deposit products, commercial loans and consumer loans. Its 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 products and services. Its 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 segments.
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