The stock of BancorpSouth, Inc. (NYSE:BXS) hit a new 52-week high and has $45.55 target or 56.00% above today’s $29.20 share price. The 9 months bullish chart indicates low risk for the $2.73B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $45.55 price target is reached, the company will be worth $1.53B 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 254,008 shares traded hands. BancorpSouth, Inc. (NYSE:BXS) has risen 30.21% since April 15, 2016 and is uptrending. It has outperformed by 25.58% 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 of BancorpSouth, Inc. (NYSE:BXS) earned “Outperform” rating by Keefe Bruyette & Woods on Thursday, June 30. The firm has “Underperform” rating given on Thursday, October 6 by Raymond James. The firm has “Mkt Perform” rating given on Monday, October 5 by Raymond James. The stock of BancorpSouth, Inc. (NYSE:BXS) has “Sector Perform” rating given on Friday, October 21 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, January 27.
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 Q2 2016. Its up 0.11, from 0.84 in 2016Q1. The ratio is positive, 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.
Capstone Inv Advisors Ltd Liability owns 9,700 shares or 0% of their US portfolio. Sg Americas Limited Liability Co has 29,978 shares for 0% of their US portfolio. Tiaa Cref Management Ltd Liability Corporation reported 448,423 shares or 0.01% of all its holdings. Paloma Prns Co accumulated 0.01% or 20,939 shares. Texas Permanent School Fund holds 64,987 shares or 0.02% of its portfolio. Profund Advsrs Ltd Liability holds 16,126 shares or 0.02% of its portfolio. Oregon Pub Employees Retirement Fund last reported 28,481 shares in the company. Citadel Limited Com accumulated 0.01% or 581,194 shares. Rhumbline Advisers accumulated 0.01% or 191,293 shares. Teachers Retirement Sys Of The State Of Kentucky holds 0.01% or 23,000 shares in its portfolio. Citigroup Inc reported 14,198 shares or 0% of all its holdings. Bankshares Of America De holds 0% of its portfolio in BancorpSouth, Inc. (NYSE:BXS) for 187,461 shares. Natl Bank Of Ny Mellon Corporation accumulated 1.51 million shares or 0.01% of the stock. Fisher Asset Mngmt Ltd last reported 2.91M shares in the company. Louisiana State Employees Retirement Sys accumulated 0.03% or 22,600 shares.
Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 3 sales for $125,715 net activity. Hodges James Ronald sold $2,481 worth of stock. 591 BancorpSouth, Inc. (NYSE:BXS) shares with value of $14,157 were sold by THREADGILL WILLIAM JAMES JR.
More news for BancorpSouth, Inc. (NYSE:BXS) were recently published by: Prnewswire.com, which released: “BancorpSouth Announces Retirement Of Chief Financial Officer Bill Prater” on November 16, 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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