Eagle Ridge Investment Management Lifted Its Southern Co (SO) Stake; Bancorpsouth Bank (BXS) SI Increased By 41.68%

June 19, 2018 - By Louis Casey

BancorpSouth Bank (NYSE:BXS) Logo

Bancorpsouth Bank (NYSE:BXS) had an increase of 41.68% in short interest. BXS’s SI was 3.59M shares in June as released by FINRA. Its up 41.68% from 2.53M shares previously. With 957,300 avg volume, 4 days are for Bancorpsouth Bank (NYSE:BXS)’s short sellers to cover BXS’s short positions. The SI to Bancorpsouth Bank’s float is 3.97%. The stock increased 0.74% or $0.25 during the last trading session, reaching $34.25. About 469,155 shares traded. BancorpSouth Bank (NYSE:BXS) has risen 15.76% since June 19, 2017 and is uptrending. It has outperformed by 3.19% the S&P500. Some Historical BXS News: ; 25/04/2018 – BancorpSouth Bank Declares Quarterly Dividend; 06/03/2018 SILVERCREST ASSET MANAGEMENT GROUP LLC REPORTS 5.5 PCT PASSIVE STAKE IN BANCORPSOUTH BANK AS OF DEC 31, 2017 – SEC FILING; 08/03/2018 – BancorpSouth Bank at Company Marketing Hosted By Stephens Inc; 24/05/2018 – BancorpSouth Bank Short-Interest Ratio Rises 120% to 10 Days; 24/04/2018 – BancorpSouth Bank Short-Interest Ratio Rises 117% to 8 Days; 18/04/2018 – BANCORPSOUTH BANK 1Q OPER EPS 54C, EST. $51.6M; 18/04/2018 – BancorpSouth Bank To Acquire Icon Capital Corporation In Houston, Texas; 18/04/2018 – BANCORPSOUTH- UPON COMPLETION OF TRANSACTION, MARK REILEY WILL SERVE AS BANCORPSOUTH BANK’S HOUSTON AREA CHAIRMAN; 03/05/2018 – Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the BancorpSouth Securities Litigation; 18/04/2018 – BancorpSouth Bank 1Q Net $53.5M

Eagle Ridge Investment Management increased Southern Co (SO) stake by 6.19% reported in 2018Q1 SEC filing. Eagle Ridge Investment Management acquired 6,823 shares as Southern Co (SO)’s stock rose 1.11%. The Eagle Ridge Investment Management holds 117,099 shares with $5.23 million value, up from 110,276 last quarter. Southern Co now has $45.09B valuation. The stock increased 0.32% or $0.14 during the last trading session, reaching $44.57. About 4.59 million shares traded. The Southern Company (NYSE:SO) has declined 11.84% since June 19, 2017 and is downtrending. It has underperformed by 24.41% the S&P500. Some Historical SO News: ; 20/04/2018 – MOODY’S LIQUIDITY-STRESS INDICATOR DOWN AGAIN IN MID-APRIL ON FAVORABLE CONDITIONS FOR US SPEC-GRADE COMPANIES; 02/05/2018 – Southern Co 1Q Adj EPS 88c; 10/04/2018 – Southern Co.: Farley Unit 2 Continues to Generate Electricity While Unit 1 Is Offline and Refueling; 21/05/2018 – SOUTHERN SEES DEAL ADDING 4C TO 5C TO EPS OVER TIME; 29/03/2018 – 306-ton Unit 4 Reactor Vessel placed at Vogtle nuclear expansion; 21/05/2018 – NextEra Energy May Be Required to Pay Southern Co Termination Fee of $100M or $200M if Asset Sale Terminated — Filing; 13/03/2018 – Georgia Power renewable growth to continue throughout 2018; 21/05/2018 – SO: NOW SEES NEED TO RAISE $3 BLN OVER FIVE YEARS; 21/05/2018 – NextEra Energy To Buy Some Of Southern Co.’s Florida Assets In A Deal Valued At $6.5 Billion — MarketWatch; 21/05/2018 – NEXTERA ENERGY INC – TRANSACTIONS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO EARNINGS

Among 14 analysts covering BancorpSouth Inc (NYSE:BXS), 1 have Buy rating, 1 Sell and 12 Hold. Therefore 7% are positive. BancorpSouth Inc had 55 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of BancorpSouth Bank (NYSE:BXS) has “Hold” rating given on Monday, February 5 by Brean Capital. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, October 19. Keefe Bruyette & Woods downgraded the shares of BXS in report on Tuesday, November 29 to “Mkt Perform” rating. SunTrust maintained BancorpSouth Bank (NYSE:BXS) on Monday, January 8 with “Hold” rating. Stephens maintained BancorpSouth Bank (NYSE:BXS) rating on Thursday, July 20. Stephens has “Buy” rating and $3500 target. As per Thursday, October 6, the company rating was downgraded by Raymond James. Keefe Bruyette & Woods upgraded BancorpSouth Bank (NYSE:BXS) rating on Thursday, June 30. Keefe Bruyette & Woods has “Outperform” rating and $25 target. The firm earned “Hold” rating on Monday, April 16 by Brean Capital. The company was maintained on Friday, February 2 by Brean Capital. The firm earned “Hold” rating on Monday, April 23 by Hovde Group.

Another recent and important BancorpSouth Bank (NYSE:BXS) news was published by Bizjournals.com which published an article titled: “BancorpSouth hires former Bham bank exec as Auburn community bank president” on June 07, 2018.

BancorpSouth, Inc. operates as a financial holding firm for BancorpSouth Bank that provides commercial banking and financial services to individuals and small-to-medium size businesses. The company has market cap of $3.41 billion. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. It has a 18.94 P/E ratio. The firm also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.

Investors sentiment is 0 in Q1 2018. Its the same as in 2017Q4. It is flat, as 2 investors sold BancorpSouth Bank shares while 1 reduced holdings. only 0 funds opened positions while 0 raised stakes. 9,569 shares or 98.91% less from 878,071 shares in 2017Q4 were reported. Gemmer Asset Llc reported 0% in BancorpSouth Bank (NYSE:BXS). Fruth Investment Management holds 0.13% of its portfolio in BancorpSouth Bank (NYSE:BXS) for 9,500 shares.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.21, from 1.1 in 2017Q4. It dived, as 76 investors sold SO shares while 359 reduced holdings. 75 funds opened positions while 310 raised stakes. 558.65 million shares or 1.91% more from 548.17 million shares in 2017Q4 were reported. South Dakota Investment Council invested in 0.07% or 71,600 shares. Burt Wealth Advsrs holds 0.02% in The Southern Company (NYSE:SO) or 1,089 shares. Rowland And Investment Counsel Adv invested in 11,687 shares. Keystone Planning accumulated 0.18% or 7,169 shares. The Massachusetts-based Cambridge Trust Comm has invested 0.02% in The Southern Company (NYSE:SO). Banced Corp reported 0.49% in The Southern Company (NYSE:SO). Eii Cap Mgmt stated it has 0.04% in The Southern Company (NYSE:SO). Everence Cap Mgmt invested in 35,748 shares. Marco Invest Mngmt Lc has invested 0.06% in The Southern Company (NYSE:SO). Commonwealth Fincl Bank Of holds 3.46% in The Southern Company (NYSE:SO) or 7.18M shares. Retirement System Of Alabama holds 481,614 shares. Ls Inv Advisors Limited Liability Com owns 63,374 shares for 0.17% of their portfolio. 100,657 were reported by Cibc World Mkts Incorporated. State Board Of Administration Of Florida Retirement Systems has 1.41 million shares. Ny State Teachers Retirement holds 0.17% or 1.54M shares in its portfolio.

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 5 Sell and 10 Hold. Therefore 25% are positive. The Southern Company had 79 analyst reports since July 21, 2015 according to SRatingsIntel. SunTrust maintained The Southern Company (NYSE:SO) on Monday, March 19 with “Hold” rating. As per Tuesday, January 16, the company rating was maintained by SunTrust. RBC Capital Markets maintained The Southern Company (NYSE:SO) on Monday, October 30 with “Buy” rating. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, August 1 report. The firm earned “Sell” rating on Thursday, January 11 by Goldman Sachs. Credit Suisse maintained The Southern Company (NYSE:SO) rating on Tuesday, February 27. Credit Suisse has “Underperform” rating and $45 target. RBC Capital Markets maintained the shares of SO in report on Sunday, July 30 with “Hold” rating. Credit Suisse maintained the stock with “Neutral” rating in Monday, May 7 report. The stock of The Southern Company (NYSE:SO) earned “Hold” rating by SunTrust on Monday, March 26. On Friday, March 3 the stock rating was downgraded by Argus Research to “Hold”.

The Southern Company (NYSE:SO) Institutional Positions Chart

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