BancorpSouth, Inc. (NYSE:BXS) Position Increased by LS Investment Advisors LLC
LS Investment Advisors LLC boosted its stake in shares of BancorpSouth, Inc. (NYSE:BXS) by 15.8% during the second quarter, Holdings Channel reports. The firm owned 6,615 shares of the bank’s stock after buying an additional 901 shares during the period. LS Investment Advisors LLC’s holdings in BancorpSouth were worth $202,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its stake in shares of BancorpSouth by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 30,758 shares of the bank’s stock valued at $938,000 after buying an additional 1,291 shares during the period. Sowell Financial Services LLC increased its stake in shares of BancorpSouth by 4,391.6% in the first quarter. Sowell Financial Services LLC now owns 11,229 shares of the bank’s stock valued at $332,000 after buying an additional 10,979 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of BancorpSouth during the first quarter valued at about $625,000. AQR Capital Management LLC increased its stake in shares of BancorpSouth by 2.9% in the first quarter. AQR Capital Management LLC now owns 996,028 shares of the bank’s stock valued at $30,130,000 after buying an additional 27,713 shares during the period. Finally, State Street Corp increased its stake in shares of BancorpSouth by 3.5% in the first quarter. State Street Corp now owns 4,575,811 shares of the bank’s stock valued at $138,422,000 after buying an additional 155,635 shares during the period. Institutional investors and hedge funds own 66.96% of the company’s stock.
Shares of BancorpSouth, Inc. (NYSE BXS) traded down 1.16% during midday trading on Monday, reaching $29.95. 40,754 shares of the company’s stock traded hands. BancorpSouth, Inc. has a 12 month low of $22.23 and a 12 month high of $32.40. The firm has a market cap of $2.73 billion, a PE ratio of 18.44 and a beta of 1.39. The stock has a 50-day moving average price of $30.35 and a 200 day moving average price of $30.29.
BancorpSouth (NYSE:BXS) last released its earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The firm had revenue of $185.61 million for the quarter, compared to analysts’ expectations of $187.78 million. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. During the same period in the previous year, the company earned $0.39 earnings per share. Equities research analysts predict that BancorpSouth, Inc. will post $1.66 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.85%. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 14th. BancorpSouth’s payout ratio is presently 30.86%.
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Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, August 2nd. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of BancorpSouth from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Stephens set a $35.00 target price on shares of BancorpSouth and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $31.00 target price on shares of BancorpSouth in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.67.
In related news, Director James Elbert Campbell III bought 7,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were purchased at an average cost of $28.93 per share, for a total transaction of $202,510.00. Following the completion of 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 filing with the SEC, which is available at the SEC website. 2.63% of the stock is 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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