Important Short Interest Filing: Could Bancorpsouth Incorporated (NYSE:BXS) Change Direction After Less Shorts?

November 28, 2016 - By Peter Erickson   ·   0 Comments

Important Short Interest Filing: Could Bancorpsouth Incorporated (NYSE:BXS) Change Direction After Less Shorts?

The stock of Bancorpsouth Incorporated (NYSE:BXS) registered a decrease of 4.26% in short interest. BXS’s total short interest was 2.24 million shares in November as published by FINRA. Its down 4.26% from 2.34 million shares, reported previously. With 645,700 shares average volume, it will take short sellers 4 days to cover their BXS’s short positions. The short interest to Bancorpsouth Incorporated’s float is 2.61%. About 68,654 shares traded hands. BancorpSouth, Inc. (NYSE:BXS) has risen 24.89% since April 25, 2016 and is uptrending. It has outperformed by 18.88% the S&P500.

BancorpSouth, Inc. is a financial holding company. The company has a market cap of $2.72 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 23.56 P/E ratio. The Company’s divisions include Community Banking, Insurance Agencies, and General Corporate and Other.

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.
Moreover, Morgan Stanley has 0% invested in BancorpSouth, Inc. (NYSE:BXS) for 84,342 shares. Wesbanco National Bank & Trust holds 20,638 shares or 0.03% of its portfolio. Bnp Paribas Arbitrage Sa accumulated 0% or 38,928 shares. Geode Cap Mgmt Ltd last reported 0.01% of its portfolio in the stock. Ameriprise owns 326,497 shares or 0% of their US portfolio. Pacad Ltd holds 0.02% of its portfolio in BancorpSouth, Inc. (NYSE:BXS) for 4,900 shares. The New York-based Citigroup Incorporated has invested 0% in BancorpSouth, Inc. (NYSE:BXS). Natl Bank Of New York Mellon Corp, a New York-based fund reported 1.51M shares. Commercial Bank Of America De holds 0% or 187,461 shares in its portfolio. Lathrop Invest Mngmt Corp has 23,779 shares for 0.17% of their US portfolio. Mutual Of America Mngmt Limited Company last reported 64,844 shares in the company. Massachusetts Finance Svcs Ma last reported 59,279 shares in the company. Balyasny Asset Mngmt Ltd Liability Corporation last reported 405,541 shares in the company. Guggenheim Capital Ltd Liability Company accumulated 0% or 23,472 shares. Retirement Of Alabama accumulated 109,637 shares or 0.01% of the stock.

Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 3 selling transactions for $125,715 net activity. Another trade for 103 shares valued at $2,481 was made by Hodges James Ronald on Wednesday, August 24. THREADGILL WILLIAM JAMES JR sold 591 shares worth $14,157.

BancorpSouth, Inc. (NYSE:BXS) Ratings Coverage

Out of 7 analysts covering BancorpSouth Inc (NYSE:BXS), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. BancorpSouth Inc has been the topic of 12 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Raymond James downgraded the stock to “Underperform” rating in Thursday, October 6 report. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Friday, October 21. On Monday, October 5 the stock rating was downgraded by Raymond James to “Mkt Perform”. RBC Capital Markets maintained BancorpSouth, Inc. (NYSE:BXS) rating on Wednesday, January 27. RBC Capital Markets has “Outperform” rating and $25 price target. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Thursday, June 30 report.

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.

More news for BancorpSouth, Inc. (NYSE:BXS) were recently published by: Prnewswire.com, which released: “BancorpSouth Announces Retirement Of Chief Financial Officer Bill Prater” on November 16, 2016. Prnewswire.com‘s article titled: “BancorpSouth Announces Extension of Merger Agreements with Central Community …” and published on October 14, 2016 is yet another important article.

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By Peter Erickson


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