San Diego, CA -- (SBWIRE) -- 07/29/2014 -- An investigation on behalf of investors of BancorpSouth, Inc. (NYSE:BXS) shares over potential securities laws violations by BancorpSouthand certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of BancorpSouth, Inc. (NYSE:BXS) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of BancorpSouth, Inc. (NYSE:BXS) concerning whether a series of statements by BancorpSouth, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
BancorpSouth, Inc. reported that its annual Net Income rose from $22.94 million in 2010 to $94.11 million in 2013. Shares of BancorpSouth, Inc. (NYSE:BXS) grew from $8.57 per share in November 2011 to as high as $25.90 per share in April 2014.
Then on July 22, 2014, BancorpSouth, Inc. announced its second quarter 2014 financial results. Among other things, BancorpSouth, Inc. also said that it has learned that federal bank regulators have identified concerns during the course of routine supervisory activities regarding the Company’s procedures, systems and processes related to certain of its compliance programs, including its Bank Secrecy Act and anti-money-laundering programs. In addition, BancorpSouth, Inc. said that the Consumer Financial Protection Bureau currently is conducting a review of the Company’s fair lending practices. Shares of BancorpSouth, Inc. (NYSE:BXS) declined from $23.41 per share on July 21, 2014, to as low as $20.87 per share on July 23, 2014.
On July 25, 2014, NYSE:BXS shares closed at $21.76 per share.
Those who purchased shares of BancorpSouth, Inc. (NYSE:BXS), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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