BancorpSouth, Inc. (BXS) Position Trimmed by Cortina Asset Management LLC
Cortina Asset Management LLC cut its stake in shares of BancorpSouth, Inc. (NYSE:BXS) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 892,754 shares of the bank’s stock after selling 77,313 shares during the period. BancorpSouth comprises approximately 1.2% of Cortina Asset Management LLC’s holdings, making the stock its 16th largest position. Cortina Asset Management LLC owned approximately 1.04% of BancorpSouth worth $28,613,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in BXS. Teachers Advisors LLC raised its stake in BancorpSouth by 3.4% during the 1st quarter. Teachers Advisors LLC now owns 143,736 shares of the bank’s stock valued at $4,348,000 after buying an additional 4,678 shares during the last quarter. KCG Holdings Inc. purchased a new stake in BancorpSouth during the 1st quarter valued at $308,000. Oregon Public Employees Retirement Fund raised its stake in BancorpSouth by 4.4% during the 2nd 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 last quarter. LS Investment Advisors LLC raised its stake in BancorpSouth by 15.8% during the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after buying an additional 901 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in BancorpSouth by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the bank’s stock valued at $662,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.
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BancorpSouth, Inc. (NYSE:BXS) traded up $0.15 during trading hours on Monday, hitting $31.25. The stock had a trading volume of 333,100 shares, compared to its average volume of 536,810. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market cap of $2,822.80, a price-to-earnings ratio of 19.06 and a beta of 1.41. BancorpSouth, Inc. has a 52-week low of $27.20 and a 52-week high of $32.70.
BancorpSouth (NYSE:BXS) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $186.52 million during the quarter, compared to analyst estimates of $191.32 million. BancorpSouth had a return on equity of 8.97% and a net margin of 19.59%. BancorpSouth’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS. research analysts anticipate that BancorpSouth, Inc. will post 1.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 14th. BancorpSouth’s dividend payout ratio is currently 33.94%.
A number of equities research analysts have weighed in on BXS shares. Zacks Investment Research upgraded shares of BancorpSouth from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub lowered shares of BancorpSouth from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $31.00 target price on shares of BancorpSouth in a research note on Friday, September 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $33.00 target price on shares of BancorpSouth in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. BancorpSouth currently has an average rating of “Hold” and a consensus target price of $33.00.
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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