Victory Capital Management Inc. Buys 19,303 Shares of BancorpSouth Bank (BXS)
Victory Capital Management Inc. boosted its stake in shares of BancorpSouth Bank (NYSE:BXS) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,201,289 shares of the bank’s stock after acquiring an additional 19,303 shares during the period. Victory Capital Management Inc.’s holdings in BancorpSouth Bank were worth $37,781,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. State Street Corp increased its stake in BancorpSouth Bank by 6.8% during the 2nd quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock worth $149,028,000 after acquiring an additional 310,447 shares during the period. Dimensional Fund Advisors LP increased its stake in BancorpSouth Bank by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,104,460 shares of the bank’s stock worth $131,549,000 after acquiring an additional 28,854 shares during the period. Cramer Rosenthal Mcglynn LLC increased its stake in BancorpSouth Bank by 113.9% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,533,650 shares of the bank’s stock worth $49,153,000 after acquiring an additional 816,760 shares during the period. Schwab Charles Investment Management Inc. increased its stake in BancorpSouth Bank by 2.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 487,696 shares of the bank’s stock worth $15,339,000 after acquiring an additional 13,927 shares during the period. Finally, Principal Financial Group Inc. increased its stake in BancorpSouth Bank by 2.2% during the 3rd quarter. Principal Financial Group Inc. now owns 358,010 shares of the bank’s stock worth $11,474,000 after acquiring an additional 7,579 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.
A number of research firms have commented on BXS. Stephens restated a “buy” rating and set a $39.00 price objective on shares of BancorpSouth Bank in a research note on Friday, January 26th. Brean Capital restated a “hold” rating on shares of BancorpSouth Bank in a research note on Thursday, January 25th. SunTrust Banks reaffirmed a “hold” rating and issued a $34.00 target price on shares of BancorpSouth Bank in a report on Wednesday, November 29th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $35.00 target price on shares of BancorpSouth Bank in a report on Tuesday, January 9th. Finally, Zacks Investment Research downgraded BancorpSouth Bank from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.13.
BancorpSouth Bank (NYSE:BXS) last issued its earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. The firm had revenue of $184.46 million for the quarter, compared to the consensus estimate of $187.12 million. BancorpSouth Bank had a return on equity of 9.01% and a net margin of 19.59%. During the same quarter last year, the business posted $0.40 EPS. equities research analysts expect that BancorpSouth Bank will post 2.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio is presently 33.74%.
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BancorpSouth Bank Company Profile
BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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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