BancorpSouth, Inc. (NYSE:BXS) has experienced a decrease in enthusiasm from smart money in recent months.
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Now, let’s take a glance at the latest action encompassing BancorpSouth, Inc. (NYSE:BXS).
Hedge fund activity in BancorpSouth, Inc. (NYSE:BXS)
At the end of the fourth quarter, a total of 10 of the hedge funds we track held long positions in this stock, a change of -17% from one quarter earlier. With hedgies’ sentiment swirling, there exists a few key hedge fund managers who were upping their stakes considerably.
When looking at the hedgies we track, Dreman Value Management, managed by David Dreman, holds the largest position in BancorpSouth, Inc. (NYSE:BXS). Dreman Value Management has a $26.6 million position in the stock, comprising 0.8% of its 13F portfolio. On Dreman Value Management’s heels is Citadel Investment Group, managed by Ken Griffin, which held a $14.4 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Other peers that are bullish include Chuck Royce’s Royce & Associates, Matthew Lindenbaum’s Basswood Capital and Bruce Kovner’s Caxton Associates LP.
Seeing as BancorpSouth, Inc. (NYSE:BXS) has witnessed a declination in interest from the aggregate hedge fund industry, logic holds that there lies a certain “tier” of money managers that slashed their full holdings at the end of the year. Interestingly, John Overdeck and David Siegel’s Two Sigma Advisors said goodbye to the biggest position of the “upper crust” of funds we key on, comprising about $0.2 million in stock.. Mike Vranos’s fund, Ellington, also said goodbye to its stock, about $0.2 million worth. These transactions are interesting, as total hedge fund interest dropped by 2 funds at the end of the year.
What do corporate executives and insiders think about BancorpSouth, Inc. (NYSE:BXS)?
Insider buying is best served when the company in question has seen transactions within the past half-year. Over the latest half-year time frame, BancorpSouth, Inc. (NYSE:BXS) has seen 1 unique insiders buying, and 2 insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to BancorpSouth, Inc. (NYSE:BXS). These stocks are EverBank Financial Corp (NYSE:EVER), F.N.B. Corp (NYSE:FNB), Trustmark Corp (NASDAQ:TRMK), IBERIABANK Corporation (NASDAQ:IBKC), and Bank Of The Ozarks Inc (NASDAQ:OZRK). This group of stocks belong to the regional – southeast banks industry and their market caps match BXS’s market cap.