The stock of BancorpSouth, Inc. (NYSE:BXS) hit a new 52-week high and has $31.99 target or 9.00% above today’s $29.35 share price. The 8 months bullish chart indicates low risk for the $2.78B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $31.99 price target is reached, the company will be worth $250.20M 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 227,621 shares traded hands. BancorpSouth, Inc. (NYSE:BXS) has risen 23.73% since April 21, 2016 and is uptrending. It has outperformed by 18.40% the S&P500.
Analysts await BancorpSouth, Inc. (NYSE:BXS) to report earnings on January, 23. They expect $0.37 EPS, up 12.12% or $0.04 from last year’s $0.33 per share. BXS’s profit will be $35.05M for 19.83 P/E if the $0.37 EPS becomes a reality. After $0.39 actual EPS reported by BancorpSouth, Inc. for the previous quarter, Wall Street now forecasts -5.13% negative EPS growth.
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) has “Underperform” rating given on Thursday, October 6 by Raymond James. RBC Capital Markets downgraded BancorpSouth, Inc. (NYSE:BXS) rating on Friday, October 21. RBC Capital Markets has “Sector Perform” rating and $25 price target. Keefe Bruyette & Woods upgraded the shares of BXS in a report on Thursday, June 30 to “Outperform” rating. Raymond James downgraded the stock to “Mkt Perform” rating in Monday, October 5 report. RBC Capital Markets maintained BancorpSouth, Inc. (NYSE:BXS) on Wednesday, January 27 with “Outperform” rating.
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 1.46 in 2016 Q2. Its up 0.51, from 0.95 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.
Loomis Sayles & Com L P has 0.05% invested in the company for 811,626 shares. Amer Intl Group Inc holds 0% of its portfolio in BancorpSouth, Inc. (NYSE:BXS) for 211,687 shares. Solaris Asset Limited Liability Com accumulated 2,125 shares or 0.03% of the stock. Metropolitan Life Ins Company Ny last reported 0.02% of its portfolio in the stock. Ls Inv Lc has invested 0.01% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). Geode Capital Management Ltd has 567,693 shares for 0.01% of their US portfolio. Blackrock Institutional Na accumulated 0.01% or 2.53M shares. Massmutual Trust Fsb Adv accumulated 0% or 100 shares. Moreover, Schwab Charles Investment Mngmt has 0.01% invested in BancorpSouth, Inc. (NYSE:BXS) for 365,124 shares. Parametrica Mgmt Ltd last reported 9,915 shares in the company. Ubs Asset Mngmt Americas Incorporated last reported 0% of its portfolio in the stock. The Switzerland-based Credit Suisse Ag has invested 0% in BancorpSouth, Inc. (NYSE:BXS). Comerica Retail Bank holds 58,299 shares or 0.01% of its portfolio. Strs Ohio last reported 10,200 shares in the company. Jacobs Levy Equity Mngmt Inc last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 3 sales for $125,715 net activity. The insider THREADGILL WILLIAM JAMES JR sold 591 shares worth $14,157. Hodges James Ronald sold $109,077 worth of stock or 4,543 shares.
Another recent and important BancorpSouth, Inc. (NYSE:BXS) news was published by Prnewswire.com which published an article titled: “BancorpSouth Announces Retirement Of Chief Financial Officer Bill Prater” on November 16, 2016.
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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