The stock of BancorpSouth, Inc. (NYSE:BXS) is a huge mover today! About 792,729 shares traded hands or 30.40% up from the average. BancorpSouth, Inc. (NYSE:BXS) has risen 24.33% since April 8, 2016 and is uptrending. It has outperformed by 18.68% the S&P500.
The move comes after 9 months positive chart setup for the $2.66 billion company. It was reported on Nov, 10 by Barchart.com. We have $40.62 PT which if reached, will make NYSE:BXS worth $1.41B more.
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 “Underperform” rating by Raymond James on Thursday, October 6. As per Thursday, June 30, the company rating was upgraded by Keefe Bruyette & Woods. RBC Capital Markets downgraded BancorpSouth, Inc. (NYSE:BXS) rating on Friday, October 21. RBC Capital Markets has “Sector Perform” rating and $25 price target. The rating was maintained by RBC Capital Markets on Wednesday, January 27 with “Outperform”. The stock of BancorpSouth, Inc. (NYSE:BXS) earned “Mkt Perform” rating by Raymond James on Monday, October 5.
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.
Commonwealth Of Pennsylvania Public School Empls Retrmt last reported 16,359 shares in the company. Blackrock Fund Advisors last reported 0.02% of its portfolio in the stock. Northern Tru holds 2.34M shares or 0.02% of its portfolio. State Street last reported 3.87 million shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) has 1,886 shares for 0% of their US portfolio. Great West Life Assurance Com Can holds 0% of its portfolio in BancorpSouth, Inc. (NYSE:BXS) for 7,740 shares. Metropolitan Life Insurance Company Ny accumulated 0.02% or 144,524 shares. Lathrop last reported 0.17% of its portfolio in the stock. Moreover, Blackrock has 0% invested in BancorpSouth, Inc. (NYSE:BXS) for 51,106 shares. Tfs Cap Limited Com owns 26,788 shares or 0.11% of their US portfolio. Manufacturers Life Ins The, a Ontario – Canada-based fund reported 170,147 shares. Ironwood Ltd Liability holds 0.68% or 39,737 shares in its portfolio. Airain Ltd has 0.03% invested in the company for 20,606 shares. Barclays Public Limited holds 0% of its portfolio in BancorpSouth, Inc. (NYSE:BXS) for 2,764 shares. Ubs Asset Mgmt Americas reported 62,409 shares or 0% of all its holdings.
Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 3 insider sales for $125,715 net activity. Shares for $14,157 were sold by THREADGILL WILLIAM JAMES JR. Another trade for 103 shares valued at $2,481 was sold by Hodges James Ronald.
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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