November 29, 2016 - By Winifred Garcia
New York-listed BancorpSouth (NYSE:BXS), was downgraded by expert analysts at Keefe Bruyette & Woods. Keefe Bruyette & Woods downgraded its rating on the $2.58 billion market cap company to a “Market Perform” from a previous “Outperform”.
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 -13.30% below today’s ($28.5) stock price. BancorpSouth Inc has been the topic of 12 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Thursday, October 6, the company rating was downgraded by Raymond James. Keefe Bruyette & Woods upgraded it to “Outperform” rating and $25 target price in Thursday, June 30 report. On Friday, October 21 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. On Monday, October 5 the stock rating was downgraded by Raymond James to “Mkt Perform”. RBC Capital Markets maintained the shares of BXS in a report on Wednesday, January 27 with “Outperform” rating.
About 300,349 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 earnings per share, up 12.12% or $0.04 from last year’s $0.33 per share. BXS’s profit will be $33.49 million for 19.26 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.
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.
Cornerstone Mgmt Holding Limited Liability last reported 21,787 shares in the company. Retirement Of Alabama has 0.01% invested in the company for 109,637 shares. Apg Asset Mgmt Nv holds 180,608 shares or 0.01% of its portfolio. Teacher Retirement Of Texas last reported 11,856 shares in the company. Vanguard Grp last reported 6.21 million shares in the company. State Street has invested 0.01% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). Geode Mgmt has 0.01% invested in the company for 567,693 shares. Moreover, Netols Asset Mgmt Incorporated has 1.39% invested in BancorpSouth, Inc. (NYSE:BXS) for 270,635 shares. Moreover, Ls Advsrs Lc has 0.01% invested in BancorpSouth, Inc. (NYSE:BXS) for 5,121 shares. Moreover, Proshare Advisors Limited Company has 0.01% invested in BancorpSouth, Inc. (NYSE:BXS) for 30,872 shares. California State Teachers Retirement holds 181,946 shares or 0.01% of its portfolio. The Florida-based Ladenburg Thalmann Financial Inc has invested 0% in BancorpSouth, Inc. (NYSE:BXS). Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. California Employees Retirement Sys has 266,011 shares for 0.01% of their US portfolio. Solaris Asset Mngmt Ltd Company last reported 0.03% of its portfolio in the stock.
Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 3 selling transactions for $125,715 net activity. 4,543 shares were sold by Hodges James Ronald, worth $109,077 on Monday, August 22. 591 shares were sold by THREADGILL WILLIAM JAMES JR, worth $14,157.
BancorpSouth, Inc. is a financial holding company. The company has a market cap of $2.58 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 23.27 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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