Schwab Charles Investment Management Inc. increased its position in BancorpSouth, Inc. (NYSE:BXS) by 0.5% during the first quarter, Holdings Channel reports. The firm owned 432,237 shares of the bank’s stock after buying an additional 2,036 shares during the period. Schwab Charles Investment Management Inc.’s holdings in BancorpSouth were worth $13,076,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Diversified Trust Co boosted its position in shares of BancorpSouth by 0.3% in the first quarter. Diversified Trust Co now owns 39,400 shares of the bank’s stock worth $1,192,000 after buying an additional 135 shares during the period. Advantus Capital Management Inc boosted its position in BancorpSouth by 3.1% in the first quarter. Advantus Capital Management Inc now owns 10,921 shares of the bank’s stock valued at $330,000 after buying an additional 329 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its position in BancorpSouth by 1.0% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 38,431 shares of the bank’s stock valued at $1,161,000 after buying an additional 379 shares during the period. Louisiana State Employees Retirement System boosted its position in BancorpSouth by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,500 shares of the bank’s stock valued at $650,000 after buying an additional 400 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in BancorpSouth by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 29,467 shares of the bank’s stock valued at $891,000 after buying an additional 400 shares during the period. 67.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of BancorpSouth, Inc. (BXS) opened at 30.25 on Wednesday. The firm has a 50-day moving average price of $30.11 and a 200 day moving average price of $30.35. BancorpSouth, Inc. has a 12-month low of $22.23 and a 12-month high of $32.40. The company has a market capitalization of $2.76 billion, a P/E ratio of 19.18 and a beta of 1.40.

BancorpSouth (NYSE:BXS) last released its quarterly earnings data on Wednesday, April 19th. The bank reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $185.48 million during the quarter, compared to analyst estimates of $186.40 million. BancorpSouth had a return on equity of 8.65% and a net margin of 19.19%. During the same quarter last year, the business posted $0.34 EPS. On average, equities research analysts predict that BancorpSouth, Inc. will post $1.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. BancorpSouth’s dividend payout ratio is presently 31.65%.

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Several research firms have recently issued reports on BXS. Jefferies Group LLC reissued a “hold” rating and set a $33.00 target price on shares of BancorpSouth in a research note on Friday, July 14th. BidaskClub cut BancorpSouth from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. ValuEngine raised BancorpSouth from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 price target on shares of BancorpSouth in a research report on Monday, June 5th. Finally, Stephens restated a “buy” rating on shares of BancorpSouth in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $29.50.

In other BancorpSouth news, Director James Elbert Campbell III purchased 7,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average price of $28.93 per share, for a total transaction of $202,510.00. Following the purchase, the director now directly owns 133,392 shares in the company, valued at $3,859,030.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.63% of the stock is owned by insiders.

About BancorpSouth

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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Institutional Ownership by Quarter for BancorpSouth (NYSE:BXS)

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