What Will Happen to Bancorpsouth Incorporated (NYSE:BXS) Next? The Stock Has Increase in Shorts

September 17, 2017 - By Adrian Mccoy

 What Will Happen to Bancorpsouth Incorporated (NYSE:BXS) Next? The Stock Has Increase in Shorts

Investors sentiment decreased to 0.89 in 2016 Q4. Its down 0.57, from 1.46 in 2016Q3. It worsened, as 13 investors sold BancorpSouth, Inc. shares while 67 reduced holdings. 23 funds opened positions while 48 raised stakes. 60.74 million shares or 4.35% more from 58.21 million shares in 2016Q3 were reported.
Morgan Stanley holds 386,110 shares or 0% of its portfolio. Schwab Charles Invest Mgmt, a California-based fund reported 430,201 shares. Ls Invest Ltd Liability Corp holds 0.01% or 5,858 shares. Icon Advisers Com has invested 0.04% in BancorpSouth, Inc. (NYSE:BXS). State Bank Of Ny Mellon Corp has 0.01% invested in BancorpSouth, Inc. (NYSE:BXS) for 1.15M shares. Ironwood Inv Mngmt Limited Company holds 29,234 shares or 0.66% of its portfolio. Alliancebernstein L P owns 143,749 shares for 0% of their portfolio. Envestnet Asset Mngmt, a Illinois-based fund reported 432 shares. 12,133 are owned by Amalgamated Comml Bank. Brandywine Glob Investment Mgmt Lc has 0.06% invested in BancorpSouth, Inc. (NYSE:BXS). Silvercrest Asset Management Ltd Liability Corporation holds 5.06 million shares or 1.76% of its portfolio. Thrivent Finance For Lutherans invested in 0.11% or 802,620 shares. 139 are owned by Weaver C Barksdale And Associates Incorporated. Tower (Trc) has 2,095 shares. 331,051 are owned by Kennedy Capital Management.

Since May 18, 2017, it had 1 buying transaction, and 0 selling transactions for $202,510 activity.

The stock of Bancorpsouth Incorporated (NYSE:BXS) registered an increase of 6.27% in short interest. BXS’s total short interest was 2.66 million shares in September as published by FINRA. Its up 6.27% from 2.50 million shares, reported previously. With 405,100 shares average volume, it will take short sellers 7 days to cover their BXS’s short positions. The short interest to Bancorpsouth Incorporated’s float is 3.04%.

It closed at $29.7 lastly. It is up 27.80% since September 17, 2016 and is uptrending. It has outperformed by 11.10% the S&P500.

BancorpSouth, Inc. is a financial holding company. The company has market cap of $2.70 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 18.33 P/E ratio. The Company’s divisions include Community Banking, Insurance Agencies, and General Corporate and Other.

BancorpSouth, Inc. (NYSE:BXS) Ratings Coverage

Among 11 analysts covering BancorpSouth Inc (NYSE:BXS), 1 have Buy rating, 1 Sell and 9 Hold. Therefore 9% are positive. BancorpSouth Inc had 25 analyst reports since July 22, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained BancorpSouth, Inc. (NYSE:BXS) rating on Monday, June 5. Keefe Bruyette & Woods has “Hold” rating and $3200 target. RBC Capital Markets downgraded BancorpSouth, Inc. (NYSE:BXS) rating on Friday, October 21. RBC Capital Markets has “Sector Perform” rating and $25 target. The rating was maintained by Stephens on Thursday, July 20 with “Buy”. The firm has “Hold” rating by Brean Capital given on Wednesday, August 2. Jefferies maintained BancorpSouth, Inc. (NYSE:BXS) on Friday, June 9 with “Hold” rating. The rating was downgraded by Raymond James on Thursday, October 6 to “Underperform”. Keefe Bruyette & Woods downgraded the shares of BXS in report on Tuesday, November 29 to “Mkt Perform” rating. The firm has “Hold” rating by Brean Capital given on Tuesday, January 10. The company was upgraded on Thursday, June 30 by Keefe Bruyette & Woods. Jefferies maintained the stock with “Hold” rating in Friday, August 11 report.

Another recent and important BancorpSouth, Inc. (NYSE:BXS) news was published by Nasdaq.com which published an article titled: “BancorpSouth, Inc. (BXS) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017.

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