Is BancorpSouth, Inc. (BXS)’s Fuel Running High? The Stock Formed Descending Triangle Chart Pattern

July 17, 2017 - By Kurt Siggers

Investors sentiment decreased to 0.89 in Q4 2016. Its down 0.57, from 1.46 in 2016Q3. It fall, as 13 investors sold BancorpSouth, Inc. shares while 67 reduced holdings. 23 funds opened positions while 48 raised stakes. 60.74 million shares or 4.35% more from 58.21 million shares in 2016Q3 were reported.
Proshare Advsrs Lc reported 35,753 shares or 0.01% of all its holdings. Manufacturers Life Insur Co The invested 0.01% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). Brandywine Glob Inv Management Ltd Limited Liability Company owns 292,625 shares. Tower Limited Liability Company (Trc) has invested 0.01% in BancorpSouth, Inc. (NYSE:BXS). 211,763 were reported by . Strs Ohio holds 0.01% in BancorpSouth, Inc. (NYSE:BXS) or 40,500 shares. Blackrock Advsrs Ltd Com reported 45,674 shares. Nationwide Fund reported 0.03% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). Sei reported 2,012 shares. Vanguard Gru holds 0.01% or 6.63 million shares. 5,858 are held by Ls Advsr Limited Liability Corp. 4,437 are held by Us Bank & Trust De. Massachusetts Ser Ma has 44,516 shares. The New York-based Metropolitan Life Insurance Communications Ny has invested 0.03% in BancorpSouth, Inc. (NYSE:BXS). Geode Capital Llc holds 0.01% or 627,418 shares.

Since February 13, 2017, it had 1 buying transaction, and 3 selling transactions for $555,708 activity. THREADGILL WILLIAM JAMES JR had sold 4,246 shares worth $133,218. Prater William L. had sold 10,000 shares worth $317,500.

The stock of BancorpSouth, Inc. (BXS) formed a descending triangle with $33.03 target or 9.00 % above today’s $30.30 share price. The 6 months triangle pattern indicates low risk for the $2.82B company. If the $33.03 price target is reached, the company will be worth $253.80 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.49% or $0.15 during the last trading session, reaching $30.3. About 242,745 shares traded. BancorpSouth, Inc. (NYSE:BXS) has risen 27.80% since July 17, 2016 and is uptrending. It has outperformed by 11.10% the S&P500.

Wall Street await BancorpSouth, Inc. (NYSE:BXS) to release earnings on July, 19. Analysts forecast earnings per share of $0.40, up exactly $0.01 or 2.56 % from 2014’s $0.39 EPS. The expected BXS’s profit could reach $37.23M giving the stock 18.94 P/E in the case that $0.40 earnings per share is reported. After posting $0.39 EPS for the previous quarter, BancorpSouth, Inc.’s analysts now forecast 2.56 % EPS growth.

BancorpSouth, Inc. (NYSE:BXS) Ratings Coverage

Among 9 analysts covering BancorpSouth Inc (NYSE:BXS), 0 have Buy rating, 1 Sell and 8 Hold. Therefore 0 are positive. BancorpSouth Inc had 18 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Brean Capital on Tuesday, January 10. The firm earned “Sector Perform” rating on Friday, October 21 by RBC Capital Markets. JMP Securities initiated BancorpSouth, Inc. (NYSE:BXS) on Thursday, February 2 with “Mkt Perform” rating. The firm earned “Hold” rating on Friday, July 7 by RBC Capital Markets. As per Wednesday, January 27, the company rating was maintained by RBC Capital Markets. The firm has “Mkt Perform” rating given on Tuesday, November 29 by Keefe Bruyette & Woods. As per Friday, June 9, the company rating was maintained by Jefferies. As per Monday, June 5, the company rating was maintained by Keefe Bruyette & Woods. The stock of BancorpSouth, Inc. (NYSE:BXS) has “Underperform” rating given on Thursday, October 6 by Raymond James. The company was downgraded on Monday, October 5 by Raymond James.

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