BancorpSouth, Inc. (BXS) Could Help Your Portfolio. The Stock Formed Bullish Descending Triangle

July 17, 2017 - By Adrian Mccoy

Investors sentiment decreased to 0.89 in 2016 Q4. Its down 0.57, from 1.46 in 2016Q3. It turned negative, 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.
Texas Permanent School Fund has 0.03% invested in BancorpSouth, Inc. (NYSE:BXS). Riverhead Cap Mngmt Lc has 0% invested in BancorpSouth, Inc. (NYSE:BXS) for 2,200 shares. Strs Ohio owns 40,500 shares or 0.01% of their US portfolio. Fayez Sarofim And reported 0.01% stake. Pennsylvania-based Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.01% in BancorpSouth, Inc. (NYSE:BXS). Ameriprise Fin Incorporated reported 0.01% of its portfolio in BancorpSouth, Inc. (NYSE:BXS). Renaissance Lc holds 1.04M shares. 2,184 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Dimensional Fund Advsr L P holds 4.04 million shares or 0.06% of its portfolio. Susquehanna Intl Gru Inc Llp holds 90,585 shares or 0% of its portfolio. Principal Gru holds 0.01% of its portfolio in BancorpSouth, Inc. (NYSE:BXS) for 337,094 shares. Louisiana State Employees Retirement reported 21,100 shares. Netols Asset Mngmt invested in 1.62% or 253,862 shares. Regions Corp owns 8,021 shares for 0% of their portfolio. Guggenheim Llc owns 29,174 shares.

Since February 13, 2017, it had 1 buying transaction, and 3 insider sales for $555,708 activity. On Thursday, February 23 THREADGILL WILLIAM JAMES JR sold $133,218 worth of BancorpSouth, Inc. (NYSE:BXS) or 4,246 shares. Shares for $317,500 were sold by Prater William L..

The stock of BancorpSouth, Inc. (BXS) formed a descending triangle with $33.03 target or 9.00 % above today’s $30.30 share price. The 6 months triangle pattern indicates low risk for the $2.82B company. If the $33.03 price target is reached, the company will be worth $253.80 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.49% or $0.15 during the last trading session, reaching $30.3. About 242,745 shares traded. BancorpSouth, Inc. (NYSE:BXS) has risen 27.80% since July 17, 2016 and is uptrending. It has outperformed by 11.10% the S&P500.

Wall Street await BancorpSouth, Inc. (NYSE:BXS) to release earnings on July, 19. Analysts forecast earnings per share of $0.40, up exactly $0.01 or 2.56 % from 2014’s $0.39 EPS. The expected BXS’s profit could reach $37.23 million giving the stock 18.94 P/E in the case that $0.40 earnings per share is reported. After posting $0.39 EPS for the previous quarter, BancorpSouth, Inc.’s analysts now forecast 2.56 % EPS growth.

BancorpSouth, Inc. (NYSE:BXS) Ratings Coverage

Among 9 analysts covering BancorpSouth Inc (NYSE:BXS), 0 have Buy rating, 1 Sell and 8 Hold. Therefore 0 are positive. BancorpSouth Inc had 18 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, October 6 the stock rating was downgraded by Raymond James to “Underperform”. As per Tuesday, January 10, the company rating was initiated by Brean Capital. Keefe Bruyette & Woods downgraded the stock to “Mkt Perform” rating in Tuesday, November 29 report. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, October 21 report. The firm has “Mkt Perform” rating given on Monday, October 5 by Raymond James. As per Monday, June 5, the company rating was maintained by Keefe Bruyette & Woods. RBC Capital Markets maintained it with “Hold” rating and $3100 target in Friday, July 7 report. The firm earned “Hold” rating on Friday, June 9 by Jefferies. The company was upgraded on Thursday, June 30 by Keefe Bruyette & Woods. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, January 27.

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