BancorpSouth, Inc. (BXS) Position Boosted by Pacad Investment Ltd.

Pacad Investment Ltd. boosted its position in BancorpSouth, Inc. (NYSE:BXS) by 12.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,400 shares of the bank’s stock after buying an additional 900 shares during the period. Pacad Investment Ltd.’s holdings in BancorpSouth were worth $256,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock valued at $107,000 after buying an additional 1,341 shares during the period. Sei Investments Co. lifted its holdings in BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after buying an additional 2,498 shares during the period. US Bancorp DE lifted its holdings in BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock valued at $155,000 after buying an additional 711 shares during the period. LS Investment Advisors LLC lifted its holdings in BancorpSouth by 15.8% in the second quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after buying an additional 901 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in BancorpSouth by 0.8% in the second quarter. Teacher Retirement System of Texas now owns 6,776 shares of the bank’s stock valued at $207,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $31.00 price target on shares of BancorpSouth in a research note on Friday. BidaskClub downgraded shares of BancorpSouth from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price target on shares of BancorpSouth in a research note on Friday, August 11th. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Wednesday, August 2nd. Finally, Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.67.

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Shares of BancorpSouth, Inc. (NYSE BXS) opened at 29.25 on Tuesday. The company has a market capitalization of $2.66 billion, a P/E ratio of 18.01 and a beta of 1.40. BancorpSouth, Inc. has a 1-year low of $22.23 and a 1-year high of $32.40. The firm has a 50-day moving average of $29.33 and a 200 day moving average of $30.04.

BancorpSouth (NYSE:BXS) last posted its earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. The firm had revenue of $185.61 million during the quarter, compared to analysts’ expectations of $187.78 million. During the same period last year, the company posted $0.39 EPS. On average, equities research analysts expect that BancorpSouth, Inc. will post $1.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.14 per share. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Thursday, September 14th. BancorpSouth’s dividend payout ratio (DPR) is 30.86%.

BancorpSouth Company Profile

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 Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.

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Institutional Ownership by Quarter for BancorpSouth (NYSE:BXS)

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