BancorpSouth Inc. (BXS) Insider Sells $124,443.76 in Stock
BancorpSouth Inc. (NYSE:BXS) insider William James Threadgill, Jr. sold 4,333 shares of the company’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $28.72, for a total transaction of $124,443.76. Following the sale, the insider now owns 31,496 shares of the company’s stock, valued at $904,565.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
BancorpSouth Inc. (NYSE:BXS) traded up 0.35% on Wednesday, reaching $28.55. 746,758 shares of the company traded hands. The firm has a market cap of $2.67 billion, a P/E ratio of 23.25 and a beta of 1.22. The stock has a 50-day moving average price of $25.34 and a 200-day moving average price of $23.91. BancorpSouth Inc. has a 52-week low of $18.69 and a 52-week high of $29.45.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The company earned $185.50 million during the quarter, compared to analyst estimates of $193.14 million. BancorpSouth had a net margin of 15.47% and a return on equity of 8.40%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. Analysts anticipate that BancorpSouth Inc. will post $1.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, December 13th. BancorpSouth’s dividend payout ratio is currently 40.65%.
Several research firms recently weighed in on BXS. Zacks Investment Research upgraded shares of BancorpSouth from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Keefe, Bruyette & Woods cut shares of BancorpSouth from an “outperform” rating to a “market perform” rating and increased their target price for the company from $25.00 to $30.00 in a research note on Tuesday. Royal Bank Of Canada cut shares of BancorpSouth from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $26.00 to $25.00 in a research note on Friday, October 21st. RBC Capital Markets cut shares of BancorpSouth from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $26.00 to $25.00 in a research note on Friday, October 21st. Finally, Raymond James Financial Inc. cut shares of BancorpSouth from a “market perform” rating to an “underperform” rating in a research note on Thursday, October 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.33.
Several hedge funds have recently modified their holdings of the stock. Creative Planning raised its stake 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 in the last quarter. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of BancorpSouth during the third quarter worth $105,000. US Bancorp DE raised its stake 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 in the last quarter. Pacad Investment Ltd. bought a new stake in shares of BancorpSouth during the second quarter worth $111,000. Finally, LS Investment Advisors LLC raised its stake 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 in the last quarter. 63.15% of the stock is owned by institutional investors and hedge funds.
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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