Bank of The Ozarks Maintains Stake in BancorpSouth, Inc. (NYSE:BXS)
Bank of The Ozarks maintained its position in shares of BancorpSouth, Inc. (NYSE:BXS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,058 shares of the bank’s stock at the end of the second quarter. Bank of The Ozarks’ holdings in BancorpSouth were worth $520,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of BancorpSouth by 17,271.2% in the first quarter. BlackRock Inc. now owns 9,111,731 shares of the bank’s stock valued at $275,630,000 after buying an additional 9,059,278 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of BancorpSouth during the first quarter valued at about $28,685,000. JPMorgan Chase & Co. raised its stake in shares of BancorpSouth by 57.6% in the first quarter. JPMorgan Chase & Co. now owns 1,896,088 shares of the bank’s stock valued at $57,356,000 after buying an additional 692,989 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of BancorpSouth by 5.0% in the first quarter. Vanguard Group Inc. now owns 6,965,034 shares of the bank’s stock valued at $210,692,000 after buying an additional 331,845 shares during the last quarter. Finally, State Street Corp raised 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 last quarter. 66.96% of the stock is owned by institutional investors.
Shares of BancorpSouth, Inc. (NYSE:BXS) opened at 29.75 on Thursday. The stock has a 50 day moving average of $30.29 and a 200-day moving average of $30.29. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 18.32 and a beta of 1.39. BancorpSouth, Inc. has a one year low of $22.23 and a one year high of $32.40.
BancorpSouth (NYSE:BXS) last posted its earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $185.61 million during the quarter, compared to the consensus estimate of $187.78 million. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. During the same period in the prior year, the company earned $0.39 EPS. On average, equities analysts expect that BancorpSouth, Inc. will post $1.66 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.14 per share. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, September 14th. BancorpSouth’s dividend payout ratio is currently 30.86%.
BXS has been the subject of several research analyst reports. Stephens reiterated a “buy” rating on shares of BancorpSouth in a research report on Wednesday, April 19th. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 target price on shares of BancorpSouth in a research report on Friday, May 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 target price on shares of BancorpSouth in a research report on Monday, June 5th. BidaskClub upgraded shares of BancorpSouth from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, ValuEngine upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. One 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 company. BancorpSouth currently has an average rating of “Hold” and an average target price of $31.67.
In other news, Director James Elbert Campbell III bought 7,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was purchased at an average cost of $28.93 per share, for a total transaction of $202,510.00. Following the transaction, the director now owns 133,392 shares of the company’s stock, valued at $3,859,030.56. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.63% 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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