Money changers were associated with others who engaged in shady business practices in the temple courts. Some sold sacrificial animals, overcharging people who did not bring their own. Others were in charge of examining the animals to be sacrificed, and it was a simple matter to declare an animal “unapproved” and force the worshiper to buy another animal—at an inflated price—from the temple vendors. Such goings-on, exploiting the poor and the foreigner, angered the Lord Jesus and was strictly forbidden in the Mosaic Law (Exodus 22:21; Leviticus 19:34).
The money changers in the temple courts were similar to tax collectors in that they extorted money from their own people. They were more than ordinary businessmen. They were seeking to profit financially from the worship of God. Wherever passion and zeal are found, there will also be those who seek to profit from that zeal. Paul wrote to Timothy about such people, false teachers who found a way to make a fortune off the gospel (1 Timothy 6:5). Modern versions of the money changers flood the airways, promising to exchange your hard-earned dollars for blessings, healing, and God’s favor. For a suggested donation, they will supposedly pray for you or promise virtually anything you want. For another twenty bucks, they will sell you a book about how to wrangle prosperity, health, or spiritual insights from God. And, like the simony of the first-century money changers, the practices of modern religious price gougers only aid those worshipers who have enough cash to purchase their wares.
A number of research firms recently weighed in on BXS. Zacks Investment Research lowered Bancorpsouth Bank from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Stephens reissued a “hold” rating and set a $33.00 target price on shares of Bancorpsouth Bank in a report on Thursday, March 21st. Finally, ValuEngine lowered Bancorpsouth Bank from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Bancorpsouth Bank currently has an average rating of “Hold” and a consensus target price of $32.50. Source
Investors sentiment is 0 in 2019 Q1. Its the same as in 2018Q4. It is the same, as 0 investors sold BancorpSouth Bank shares while 0 reduced holdings. only 0 funds opened positions while 0 raised stakes. 9,630 shares or 50.00% less from 19,260 shares in 2018Q4 were reported.
Gemmer Asset Management Ltd accumulated 130 shares or 0% of the stock. Fruth Investment Mngmt holds 9,500 shares.
The stock of Bancorpsouth Bank (NYSE:BXS) registered a decrease of 2.38% in short interest. BXS’s total short interest was 4.93 million shares in June as published by FINRA. Its down 2.38% from 5.05 million shares, reported previously. With 609,800 shares average volume, it will take short sellers 8 days to cover their BXS’s short positions.
It closed at $27.89 lastly. It is down 15.68% since June 8, 2018 and is downtrending. It has underperformed by 20.11% the S&P500.
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 $2.82 billion. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. It has a 12.62 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.
More notable recent BancorpSouth Bank (NYSE:BXS) news were published by: Prnewswire.com which released: “Ty Lambert Named Chief Data Analytics Officer for BancorpSouth – PR Newswire” on August 08, 2018, also Finance.Yahoo.com with their article: “Did Hedge Funds Drop The Ball On Liberty Latin America Ltd. (LILA) ? – Yahoo Finance” published on May 02, 2019, Prnewswire.com published: “BancorpSouth Insurance Services Announces Rebrand, New Name – PR Newswire” on January 02, 2018. More interesting news about BancorpSouth Bank (NYSE:BXS) were released by: Bizjournals.com and their article: “BancorpSouth to expand in Alabama with acquisition of Jackson bank – Birmingham Business Journal” published on November 14, 2018 as well as Zacks.com‘s news article titled: “BancorpSouth (BXS) Q1 Earnings Surpass Estimates – Zacks.com” with publication date: April 17, 2019. Source
Paul often clarified the difference between his ministry and that of false teachers by pointing out their greed. In 2 Corinthians 2:17 he wrote, “Unlike so many, we do not peddle the word of God for profit. On the contrary, in Christ we speak before God with sincerity, as those sent from God.” Peter also warned that one way to spot a modern-day money changer is to notice his or her fascination with financial gain (2 Peter 2:3). Jesus hated the money changers’ exploitation of the devout two thousand years ago, and He still hates it. We may not have shady characters collecting temple taxes outside our places of worship, but we have them invading our homes through radio and television. We are wise to remember how Jesus reacted to such selfish swindlers. With no apologies, He drove them out of His Father’s house. When we identify a modern money-changer, we should do the same.
Editor, Bankster Crime
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