November 29, 2016 - By Clifton Ray
Equities researchers at Keefe Bruyette’s equity research division lowered BancorpSouth (NYSE:BXS)‘s stock rating from “Outperform” to “Mkt Perform” on 29 November.
Out of 7 analysts covering BancorpSouth Inc (NYSE:BXS), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. $26 is the highest target while $21 is the lowest. The $24.71 average target is -13.60% below today’s ($28.6) stock price. BancorpSouth Inc has been the topic of 12 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Raymond James on Thursday, October 6. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Thursday, June 30. RBC Capital Markets maintained BancorpSouth, Inc. (NYSE:BXS) on Wednesday, January 27 with “Outperform” rating. The stock has “Mkt Perform” rating given by Raymond James on Monday, October 5. On Friday, October 21 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”.
About 153,527 shares traded hands. BancorpSouth, Inc. (NYSE:BXS) has risen 19.08% since April 26, 2016 and is uptrending. It has outperformed by 13.82% 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 $33.51 million for 19.32 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.
Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.51, from 0.95 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.
Grp Inc Inc last reported 0% of its portfolio in the stock. Weaver C Barksdale & Assoc last reported 0.01% of its portfolio in the stock. Arizona State Retirement Sys has invested 0.01% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). Teachers Retirement System Of The State Of Kentucky reported 23,000 shares or 0.01% of all its holdings. Blackrock Advisors Ltd Co holds 0% of its portfolio in BancorpSouth, Inc. (NYSE:BXS) for 40,153 shares. Texas Permanent School Fund, a Texas-based fund reported 64,987 shares. Ironwood Investment Management Lc holds 39,737 shares or 0.68% of its portfolio. Comml Bank Of America De accumulated 0% or 187,461 shares. Morgan Stanley has 0% invested in the company for 84,342 shares. Solaris Asset Mngmt has 0.03% invested in the company for 2,125 shares. Keeley Asset Mgmt reported 1.19M shares or 1.12% of all its holdings. Aqr Management Limited Liability Com, a Connecticut-based fund reported 354,219 shares. Moreover, Bessemer Grp Inc Inc Inc has 0% invested in BancorpSouth, Inc. (NYSE:BXS) for 7,066 shares. Moreover, Forest Hill Cap has 3.35% invested in BancorpSouth, Inc. (NYSE:BXS) for 1.10 million shares. The United Kingdom-based Barclays Public Ltd has invested 0% in BancorpSouth, Inc. (NYSE:BXS).
Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 3 sales for $125,715 net activity. Shares for $14,157 were sold by THREADGILL WILLIAM JAMES JR on Monday, August 22. Shares for $2,481 were sold by Hodges James Ronald.
BancorpSouth, Inc. is a financial holding company. The company has a market cap of $2.59 billion. The Company, through its principal bank subsidiary, BancorpSouth Bank , conducts commercial banking and financial services activities in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. It has a 23.35 P/E ratio. The Company’s divisions include Community Banking, Insurance Agencies, and General Corporate and Other.
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.”
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.
More important recent BancorpSouth, Inc. (NYSE:BXS) news were published by: Nasdaq.com which released: “New Strong Sell Stocks for November 22nd” on October 27, 2016, also Prnewswire.com published article titled: “BancorpSouth Announces Retirement Of Chief Financial Officer Bill Prater”, 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.
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By Clifton Ray