BancorpSouth (NYSE:BXS) : The consensus price target for BancorpSouth (NYSE:BXS) is $24.36 for the short term with a standard deviation of $1.25. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $26, however, the pessimist price target for the company is $23.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm JP Morgan maintains its rating on BancorpSouth (NYSE:BXS). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at JP Morgan raises the price target from $23 per share to $22.5 per share. The rating by the firm was issued on April 5, 2016.
BancorpSouth (NYSE:BXS): stock turned positive on Thursday. Though the stock opened at $23.01, the bulls momentum made the stock top out at $23.04 level for the day. The stock recorded a low of $22.76 and closed the trading day at $22.84, in the green by 0.35%. The total traded volume for the day was 2,003,244. The stock had closed at $22.76 in the previous days trading.
The company shares have dropped -12.63% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $27.23 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $22.91 and the 200 Day Moving Average price is recorded at $22.07. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Freeman Cathy Smith, officer (Senior Executive VP) of Bancorpsouth Inc, had unloaded 955 shares at an average price of $26.5 in a transaction dated on November 6, 2015. The total value of the transaction was worth $25,308.
BancorpSouth, Inc. is a financial holding company. The Company through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois. 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 Banks 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. Its lending activities include both commercial and consumer loans. Deposits include noninterest bearing demand deposits, interest bearing demand deposits, savings and other time deposits.