BancorpSouth Inc (NYSE:BXS) reaching 52-week high, short interest dropping

BancorpSouth Inc (NYSE:BXS) (Trend Analysis) shares were traded with more than 50% increase in usual volume. The stock closed last trading session at $26.55, up by 4.12%, with a volume of 1,258,701 shares against an average amount for the last three months of 577,235.

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BancorpSouth Inc (NYSE:BXS) stock is currently trading 2.5% below its 52-week-high, 42.05% above its 52-week-low. The 1-year stock price history is in the range of $18.69 – $27.23. BancorpSouth Inc (BXS) has a price to earnings ratio of 21.62 versus Financial sector average of 15.9. BXS stock price has outperformed the S&P 500 by 4.5%. The Financial Services company is currently valued at $2.49 billion, and its share price closed the last trading session at $26.55. The stock has a 50-day moving average of $23.39 and a 200-day moving average of $23.38.

BancorpSouth Inc (BXS) current short interest stands at 2.34 million shares. It has decreased by 12% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.49 million shares, the number of days required to cover the short positions stand at 4.9 days.

BXS is forecasted to report earnings per share of $0.37 and a revenue of $186.53 million for the 4th Quarter of the fiscal year 2016. BancorpSouth Inc (BXS) declared last quarter earnings on October 19. The Financial Services company announced last quarter earnings per share of $0.39 against a consensus Street estimate of $0.40, missing estimate by $0.01. The company posted a revenue of $193.2 million compared to an estimation of $189.7 million.

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There are currently ten analysts that cover BancorpSouth Inc stock. Of those ten, one has a Buy rating, eight have a Hold rating and one has a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $24.94.

A recent analyst activity consisted of RBC Capital downgrading their Outperform rating to Sector Perform on October 21. On the date of report, the stock closed at $23.15.

Raymond James downgraded their Market Perform rating to Underperform on October 6. On the date of report, the stock closed at $23.19.

Another research firm was Keefe Bruyette & Woods who upgraded their Market Perform rating to Outperform on June 30. Keefe Bruyette & Woods increased their price target on BancorpSouth Inc from $24 to $25. This translates to a 5.84% downside from the last closing price. On the date of report, the stock closed at $22.57.

Company snapshot

BancorpSouth, Inc. is the holding company for BancorpSouth Bank. The Bank attracts deposits from the general public and originates a variety of loans. BancorpSouth operates in Mississippi, Alabama, Tennessee, Arkansas, Texas, and Louisiana. The Company also provides investment services, consumer finance, credit life insurance, and insurance agency services.

BancorpSouth Inc (NYSE:BXS) reaching 52-week high, short interest dropping was last modified: November 11th, 2016 by Pat Mayfield