Stephens Inc. AR Sells 2,850 Shares of BancorpSouth, Inc. (BXS)
Stephens Inc. AR reduced its stake in BancorpSouth, Inc. (NYSE:BXS) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,785 shares of the bank’s stock after selling 2,850 shares during the period. Stephens Inc. AR’s holdings in BancorpSouth were worth $1,091,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of BancorpSouth by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 344,778 shares of the bank’s stock worth $10,430,000 after purchasing an additional 7,684 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in BancorpSouth during the first quarter worth about $625,000. Massachusetts Financial Services Co. MA lifted its holdings in BancorpSouth by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 45,052 shares of the bank’s stock worth $1,363,000 after acquiring an additional 536 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in BancorpSouth by 3.8% during the second quarter. Great West Life Assurance Co. Can now owns 50,313 shares of the bank’s stock worth $1,531,000 after acquiring an additional 1,834 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in BancorpSouth by 17,271.2% during the first quarter. BlackRock Inc. now owns 9,111,731 shares of the bank’s stock worth $275,630,000 after acquiring an additional 9,059,278 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.
BancorpSouth, Inc. (NYSE:BXS) opened at 29.70 on Friday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 18.29 and a beta of 1.40. The firm’s 50-day moving average price is $29.25 and its 200 day moving average price is $30.01. BancorpSouth, Inc. has a 12-month low of $22.23 and a 12-month high of $32.40.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The business 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 quarter in the prior year, the firm posted $0.39 earnings per share. On average, analysts expect that BancorpSouth, Inc. will post $1.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.89%. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13. BancorpSouth’s dividend payout ratio is 34.57%.
BXS has been the topic of several recent analyst reports. Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, August 2nd. BidaskClub lowered BancorpSouth from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 target price on shares of BancorpSouth in a report on Friday, August 11th. Finally, Stephens set a $35.00 target price on BancorpSouth and gave the stock a “buy” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $32.67.
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.
Want to see what other hedge funds are holding BXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BancorpSouth, Inc. (NYSE:BXS).
Receive News & Ratings for BancorpSouth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancorpSouth Inc. and related companies with MarketBeat.com's FREE daily email newsletter.