Cramer Rosenthal Mcglynn LLC lowered its stake in shares of Bancorpsouth Bank (NYSE:BXS) by 2.7% during the second quarter, Holdings Channel reports. The fund owned 1,091,193 shares of the bank’s stock after selling 30,045 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Bancorpsouth Bank were worth $31,688,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in shares of Bancorpsouth Bank by 1.5% during the second quarter. LPL Financial LLC now owns 26,652 shares of the bank’s stock valued at $774,000 after acquiring an additional 404 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Bancorpsouth Bank by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 36,812 shares of the bank’s stock valued at $1,069,000 after acquiring an additional 519 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Bancorpsouth Bank by 1.5% during the first quarter. Mason Street Advisors LLC now owns 48,234 shares of the bank’s stock valued at $1,361,000 after acquiring an additional 723 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Bancorpsouth Bank by 15.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,937 shares of the bank’s stock valued at $172,000 after acquiring an additional 793 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Bancorpsouth Bank by 1.3% during the second quarter. Retirement Systems of Alabama now owns 119,621 shares of the bank’s stock valued at $3,474,000 after acquiring an additional 1,548 shares during the last quarter. 63.28% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. DA Davidson started coverage on Bancorpsouth Bank in a research note on Tuesday, August 20th. They set a “neutral” rating and a $30.50 price objective on the stock. Royal Bank of Canada set a $31.00 target price on Bancorpsouth Bank and gave the stock a “hold” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.90.
Bancorpsouth Bank (NYSE:BXS) last released its earnings results on Wednesday, July 17th. The bank reported $0.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Bancorpsouth Bank had a return on equity of 10.30% and a net margin of 22.39%. The firm had revenue of $226.35 million for the quarter, compared to the consensus estimate of $234.95 million. During the same period in the prior year, the business posted $0.55 earnings per share. On average, research analysts anticipate that Bancorpsouth Bank will post 2.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.185 per share. The ex-dividend date is Thursday, September 12th. This is an increase from Bancorpsouth Bank’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a yield of 2.46%. Bancorpsouth Bank’s dividend payout ratio is 30.49%.
Bancorpsouth Bank Company Profile
BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. The company 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.
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