BancorpSouth (BXS) has risen sharply, recording gains of 0.04% in the past 4 weeks. However, the stock has corrected -1.66% in the past 1 week, providing a good buying opportunity on dips. BancorpSouth (BXS) : During the past 4 weeks, traders have been relatively bearish on BancorpSouth (BXS), hence the stock is down -0.34% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.63% relative to the S&P 500.
BancorpSouth, Inc. is up 2.12% in the last 3-month period. Year-to-Date the stock performance stands at -0.09%. The stock has recorded a 20-day Moving Average of 0.97% and the 50-Day Moving Average is 2.94%.
BancorpSouth (NYSE:BXS): The stock opened at $23.80 on Friday but the bulls could not build on the opening and the stock topped out at $23.88 for the day. The stock traded down to $23.69 during the day, due to lack of any buying support eventually closed down at $23.75 with a loss of -0.34% for the day. The stock had closed at $23.83 on the previous day. The total traded volume was 456,800 shares.
Also, In a research note released to the investors, JP Morgan maintains its rating on BancorpSouth (NYSE:BXS).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, JP Morgan lowers the new price target from $24 per share to $23.5 per share. The rating by the firm was issued on July 7, 2016.
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.