Shares of BancorpSouth Bank (NYSE:BXS) traded at a new 52-week high today of $35.35. Approximately 80,000 shares have changed hands today, as compared to an average 30-day volume of 395,000 shares.
BancorpSouth Bank is a $13 billion bank based in Mississippi, with banking and insurance operations in eight different states through almost 300 branches. Nearly half of its deposits are in its home state, followed by Arkansas and Tennessee, with about 15% and 10%, respectively. The balance is divided among Louisiana, Texas, Alabama, Missouri, and Florida. Most of its loans (nearly 60%) are residential and commercial mortgages, followed by 15% in commercial loans and 10% in construction credits.
In the past 52 weeks, shares of BancorpSouth Bank have traded between a low of $17.21 and a high of $35.35 and is now at $35.11, which is 104% above that low price.
BancorpSouth Bank (NYSE:BXS) is currently priced 3.4% above its average consensus analyst price target of $33.92.
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