Los Angeles Capital Management & Equity Research Inc. Decreases Position in BancorpSouth Inc. (BXS)
Los Angeles Capital Management & Equity Research Inc. reduced its stake in shares of BancorpSouth Inc. (NYSE:BXS) by 13.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 31,939 shares of the company’s stock after selling 5,025 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in BancorpSouth were worth $725,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. State Treasurer State of Michigan boosted its stake in shares of BancorpSouth by 0.9% in the second quarter. State Treasurer State of Michigan now owns 34,100 shares of the company’s stock valued at $774,000 after buying an additional 300 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of BancorpSouth by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 28,481 shares of the company’s stock valued at $646,000 after buying an additional 688 shares in the last quarter. Strs Ohio boosted its stake in shares of BancorpSouth by 8.5% in the second quarter. Strs Ohio now owns 10,200 shares of the company’s stock valued at $231,000 after buying an additional 800 shares in the last quarter. Ramsey Quantitative Systems boosted its stake in shares of BancorpSouth by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 25,297 shares of the company’s stock valued at $539,000 after buying an additional 1,311 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of BancorpSouth by 3.8% in the first quarter. Arizona State Retirement System now owns 43,373 shares of the company’s stock valued at $924,000 after buying an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 62.98% of the company’s stock.
Shares of BancorpSouth Inc. (NYSE:BXS) traded up 0.445% on Tuesday, reaching $23.695. 447,940 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $24.21 and its 200-day moving average price is $22.88. BancorpSouth Inc. has a 52-week low of $18.69 and a 52-week high of $27.23. The stock has a market cap of $2.24 billion, a P/E ratio of 19.929 and a beta of 1.36.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. BancorpSouth had a net margin of 15.25% and a return on equity of 8.36%. During the same period last year, the firm posted $0.41 earnings per share. Equities analysts forecast that BancorpSouth Inc. will post $1.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Tuesday, September 13th. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.10. BancorpSouth’s dividend payout ratio (DPR) is 42.02%.
A number of research analysts recently issued reports on BXS shares. FBR & Co restated a “buy” rating on shares of BancorpSouth in a report on Saturday, July 9th. JPMorgan Chase & Co. restated a “hold” rating and set a $24.00 price objective on shares of BancorpSouth in a report on Friday, July 22nd. Zacks Investment Research upgraded shares of BancorpSouth from a “sell” rating to a “hold” rating in a report on Monday. Finally, Keefe, Bruyette & Woods upgraded shares of BancorpSouth from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $25.00 in a report on Thursday, June 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.71.
In related news, insider James Ronald Hodges sold 4,543 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $24.01, for a total value of $109,077.43. Following the completion of the transaction, the insider now owns 26,900 shares in the company, valued at approximately $645,869. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.93% of the stock is currently owned by corporate insiders.
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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