California State Teachers Retirement System raised its position in shares of BancorpSouth, Inc. (NYSE:BXS) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,346 shares of the company’s stock after buying an additional 1,400 shares during the period. California State Teachers Retirement System owned 0.19% of BancorpSouth worth $4,254,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning raised its position in shares of BancorpSouth by 65.6% in the third quarter. Creative Planning now owns 4,369 shares of the company’s stock worth $101,000 after buying an additional 1,730 shares during the last quarter. US Bancorp DE raised its position in shares of BancorpSouth by 36.3% in the third quarter. US Bancorp DE now owns 4,715 shares of the company’s stock worth $109,000 after buying an additional 1,255 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of BancorpSouth during the second quarter worth $111,000. LS Investment Advisors LLC raised its position in shares of BancorpSouth by 78.2% in the second quarter. LS Investment Advisors LLC now owns 5,121 shares of the company’s stock worth $116,000 after buying an additional 2,248 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of BancorpSouth by 119.9% in the second quarter. Bessemer Group Inc. now owns 7,066 shares of the company’s stock worth $160,000 after buying an additional 3,852 shares during the last quarter. Hedge funds and other institutional investors own 62.96% of the company’s stock.
Shares of BancorpSouth, Inc. (NYSE:BXS) traded down 1.96% during mid-day trading on Friday, hitting $30.00. The company had a trading volume of 432,966 shares. The company has a market cap of $2.81 billion, a PE ratio of 21.29 and a beta of 1.32. BancorpSouth, Inc. has a 12 month low of $18.69 and a 12 month high of $32.08. The firm has a 50-day moving average of $30.63 and a 200-day moving average of $26.13.
BancorpSouth (NYSE:BXS) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. BancorpSouth had a return on equity of 8.70% and a net margin of 17.41%. During the same quarter last year, the firm earned $0.33 EPS. On average, analysts expect that BancorpSouth, Inc. will post $1.66 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.67%. BancorpSouth’s payout ratio is 35.46%.
A number of research analysts have weighed in on BXS shares. Raymond James Financial, Inc. lowered BancorpSouth from a “market perform” rating to an “underperform” rating in a report on Thursday, October 6th. Zacks Investment Research upgraded BancorpSouth from a “sell” rating to a “hold” rating in a report on Monday, October 3rd. Stephens upgraded BancorpSouth from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 21st. RBC Capital Markets lowered BancorpSouth from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $26.00 to $25.00 in a report on Friday, October 21st. Finally, Royal Bank Of Canada lowered BancorpSouth from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $26.00 to $25.00 in a report on Friday, October 21st. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. BancorpSouth presently has a consensus rating of “Hold” and a consensus price target of $25.33.
In other BancorpSouth news, insider William James Threadgill, Jr. sold 4,333 shares of the business’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $28.72, for a total transaction of $124,443.76. Following the sale, the insider now directly owns 31,496 shares in the company, valued at $904,565.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.93% of the stock is currently owned by insiders.
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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