Federated Investors Inc. PA lifted its holdings in BancorpSouth, Inc. (NYSE:BXS) by 12.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,841 shares of the bank’s stock after purchasing an additional 5,472 shares during the quarter. Federated Investors Inc. PA owned about 0.06% of BancorpSouth worth $1,551,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of BXS. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in BancorpSouth by 61.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock worth $107,000 after acquiring an additional 1,341 shares during the period. Sei Investments Co. lifted its position in BancorpSouth by 124.2% during the 1st quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock worth $136,000 after acquiring an additional 2,498 shares during the period. US Bancorp DE lifted its position in BancorpSouth by 16.0% during the 1st quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock worth $155,000 after acquiring an additional 711 shares during the period. LS Investment Advisors LLC lifted its position in BancorpSouth by 15.8% during the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock worth $202,000 after acquiring an additional 901 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in BancorpSouth by 0.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,776 shares of the bank’s stock worth $207,000 after acquiring an additional 54 shares during the period. 65.50% of the stock is owned by hedge funds and other institutional investors.
BXS has been the subject of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $32.00 price target on shares of BancorpSouth in a research report on Monday, June 5th. BidaskClub raised BancorpSouth from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. ValuEngine raised BancorpSouth from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price target on shares of BancorpSouth in a research report on Friday, July 14th. Finally, Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. BancorpSouth presently has an average rating of “Hold” and a consensus target price of $32.67.
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BancorpSouth, Inc. (NYSE BXS) opened at 30.05 on Wednesday. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 18.50 and a beta of 1.40. The firm’s 50 day moving average price is $29.33 and its 200-day moving average price is $30.03. BancorpSouth, Inc. has a 1-year low of $22.23 and a 1-year high of $32.40.
BancorpSouth (NYSE:BXS) last announced its earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, topping the 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 business had revenue of $185.61 million during the quarter, compared to the consensus estimate of $187.78 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, equities analysts anticipate that BancorpSouth, Inc. will post $1.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.14 per share. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.86%. BancorpSouth’s dividend payout ratio 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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