The stock of BancorpSouth, Inc. (NYSE:BXS) hit a new 52-week high and has $37.74 target or 38.00% above today’s $27.35 share price. The 5 months bullish chart indicates low risk for the $2.67 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $37.74 price target is reached, the company will be worth $1.01 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 575,769 shares traded hands. BancorpSouth, Inc. (NYSE:BXS) has risen 28.32% since April 11, 2016 and is uptrending. It has outperformed by 22.18% the S&P500.
BancorpSouth, Inc. (NYSE:BXS) Ratings Coverage
Out of 7 analysts covering BancorpSouth Inc (NYSE:BXS), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. BancorpSouth Inc has been the topic of 12 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Keefe Bruyette & Woods on Thursday, June 30. The stock has “Mkt Perform” rating given by Raymond James on Monday, October 5. On Wednesday, January 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of BancorpSouth, Inc. (NYSE:BXS) earned “Sector Perform” rating by RBC Capital Markets on Friday, October 21. As per Thursday, October 6, the company rating was downgraded by Raymond James.
According to Zacks Investment Research, “BANCORPSOUTH INC, through its subsidiaries, provides a range of financial services and products to individuals and small-to-medium size businesses. Various types of checking accounts, both interest bearing and non-interest bearing, are available. Savings accounts and certificates of deposit with a range of maturities and interest rates are available to meet the needs of customers. Other services include safe deposit and night depository facilities. Limited 24-hour banking with automated teller machines is provided in most of its principal markets.”
Insitutional Activity: The institutional sentiment increased to 0.95 in 2016 Q2. Its up 0.11, from 0.84 in 2016Q1. The ratio improved, as 14 funds sold all BancorpSouth, Inc. shares owned while 59 reduced positions. 18 funds bought stakes while 51 increased positions. They now own 57.73 million shares or 3.76% less from 59.99 million shares in 2016Q1.
Victory Cap owns 1.11 million shares or 0.1% of their US portfolio. Advsrs Asset holds 0% or 2,200 shares in its portfolio. Stevens Mgmt Lp has invested 0.04% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). American Group last reported 211,687 shares in the company. Bank Of The Ozarks last reported 0.14% of its portfolio in the stock. Strs Ohio holds 10,200 shares or 0% of its portfolio. The New York-based National Bank & Trust Of New York Mellon Corporation has invested 0.01% in BancorpSouth, Inc. (NYSE:BXS). Paloma Prtnrs Mngmt accumulated 20,939 shares or 0.01% of the stock. Brandywine Glob Investment Mgmt Ltd Com has 0.05% invested in the company for 308,125 shares. Creative Planning accumulated 0% or 2,639 shares. Oregon Employees Retirement Fund has 28,481 shares for 0.01% of their US portfolio. Comerica Savings Bank, a Michigan-based fund reported 58,299 shares. Nuveen Asset Limited Liability Co accumulated 40,381 shares or 0.01% of the stock. Commonwealth Of Pennsylvania Pub School Empls Retrmt System holds 0.01% of its portfolio in BancorpSouth, Inc. (NYSE:BXS) for 16,359 shares. Balyasny Asset Mgmt Ltd has 0.06% invested in the company for 405,541 shares.
Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 3 sales for $125,715 net activity. $109,077 worth of shares were sold by Hodges James Ronald on Monday, August 22. $14,157 worth of shares were sold by THREADGILL WILLIAM JAMES JR on Monday, August 22.
More news for BancorpSouth, Inc. (NYSE:BXS) were recently published by: Prnewswire.com, which released: “BancorpSouth Announces Extension of Merger Agreements with Central Community …” on October 14, 2016. Prnewswire.com‘s article titled: “BancorpSouth Announces Third Quarter 2016 Financial Results” and published on October 19, 2016 is yet another important article.
BXS Company Profile
BancorpSouth, Inc., incorporated on February 17, 1982, is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services activities in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s divisions include Community Banking, Insurance Agencies, and General Corporate and Other. The Company’s Community Banking segment provides a range of deposit products, commercial loans and consumer loans. The Company’s 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 services and products. The Company’s 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 divisions. The Bank and its subsidiaries provide a range of financial services to individuals and small-to-medium size businesses. The Bank operates an insurance agency subsidiary, which engages in sales of insurance products. The Bank’s wealth management department offers a range of services, including investment brokerage services, personal trust and estate services, certain employee benefit accounts and plans, including individual retirement accounts, and limited corporate trust functions.
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