Notable Price Action: Can BancorpSouth, Inc.’s Tomorrow be Different? The Stock Just Broke Its High

Notable Price Action: Can BancorpSouth, Inc.'s Tomorrow be Different? The Stock Just Broke Its High

The stock of BancorpSouth, Inc. (NYSE:BXS) hit a new 52-week high and has $31.11 target or 6.00% above today’s $29.35 share price. The 6 months bullish chart indicates low risk for the $2.76 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $31.11 price target is reached, the company will be worth $165.60M 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 427,144 shares traded hands. BancorpSouth, Inc. (NYSE:BXS) has risen 21.70% since April 28, 2016 and is uptrending. It has outperformed by 15.77% the S&P500.

Analysts await BancorpSouth, Inc. (NYSE:BXS) to report earnings on January, 23. They expect $0.37 earnings per share, up 12.12% or $0.04 from last year’s $0.33 per share. BXS’s profit will be $34.79 million for 19.83 P/E if the $0.37 EPS becomes a reality. After $0.39 actual earnings per share 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), 0 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 0 are positive. $26 is the highest target while $21 is the lowest. The $24.71 average target is -15.81% below today’s ($29.35) stock price. BancorpSouth Inc has been the topic of 13 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, June 30 by Keefe Bruyette & Woods. On Tuesday, November 29 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. The firm has “Sector Perform” rating given on Friday, October 21 by RBC Capital Markets. The stock of BancorpSouth, Inc. (NYSE:BXS) earned “Mkt Perform” rating by Raymond James on Monday, October 5. RBC Capital Markets maintained BancorpSouth, Inc. (NYSE:BXS) rating on Wednesday, January 27. RBC Capital Markets has “Outperform” rating and $25 price target. Raymond James downgraded BancorpSouth, Inc. (NYSE:BXS) on Thursday, October 6 to “Underperform” 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 Q2 2016. 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.
Moreover, Creative Planning has 0% invested in BancorpSouth, Inc. (NYSE:BXS) for 2,639 shares. Moreover, Tudor Inv Et Al has 0.01% invested in BancorpSouth, Inc. (NYSE:BXS) for 21,103 shares. Keeley Asset Mgmt accumulated 1.19M shares or 1.12% of the stock. Strs Ohio has invested 0% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). Louisiana State Employees Retirement Sys holds 0.03% or 22,600 shares in its portfolio. Moreover, Los Angeles Capital Mngmt Equity has 0.01% invested in BancorpSouth, Inc. (NYSE:BXS) for 31,939 shares. Citadel Advisors Limited Liability last reported 0.01% of its portfolio in the stock. Pacad Invest, a British Columbia – Canada-based fund reported 4,900 shares. Bessemer Group Inc has 7,066 shares for 0% of their US portfolio. Arizona State Retirement Sys accumulated 35,473 shares or 0.01% of the stock. Tower Capital Limited Liability Com (Trc) reported 15,859 shares or 0.03% of all its holdings. Guardian Tru Company has invested 0.01% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). Capstone Inv Advsrs Lc has 0% invested in the company for 9,700 shares. Swiss Bankshares last reported 140,500 shares in the company. State Street Corporation accumulated 3.87 million shares or 0.01% of the stock.

Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 4 insider sales for $250,150 net activity. On Wednesday, November 30 the insider THREADGILL WILLIAM JAMES JR sold $124,435. $2,481 worth of BancorpSouth, Inc. (NYSE:BXS) shares were sold by Hodges James Ronald.

More important recent BancorpSouth, Inc. (NYSE:BXS) news were published by: Prnewswire.com which released: “BancorpSouth Announces Retirement Of Chief Financial Officer Bill Prater” on November 16, 2016, also Nasdaq.com published article titled: “New Strong Sell Stocks for November 22nd”, Prnewswire.com published: “BancorpSouth Announces Extension of Merger Agreements with Central Community …” on October 14, 2016. More interesting news about BancorpSouth, Inc. (NYSE:BXS) was released by: Seekingalpha.com and their article: “BancorpSouth Seems To Have A Harder Path To Growth” with publication date: November 23, 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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