KCG Holdings Inc. acquired a new position in BancorpSouth, Inc. (NYSE:BXS) during the first quarter, according to its most recent filing with the SEC. The firm acquired 10,191 shares of the bank’s stock, valued at approximately $308,000.
Several other hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock worth $107,000 after buying an additional 1,341 shares during the last quarter. Sei Investments Co. raised its stake in BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock worth $136,000 after buying an additional 2,498 shares during the last quarter. US Bancorp DE raised its stake in BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock worth $155,000 after buying an additional 711 shares during the last quarter. Quantbot Technologies LP acquired a new stake in BancorpSouth during the first quarter worth $216,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in BancorpSouth during the first quarter worth $288,000. Hedge funds and other institutional investors own 66.96% of the company’s stock.
Shares of BancorpSouth, Inc. (BXS) opened at 28.55 on Friday. The company’s 50-day moving average is $30.24 and its 200 day moving average is $30.27. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 17.58 and a beta of 1.39. BancorpSouth, Inc. has a 52-week low of $22.23 and a 52-week high of $32.40.
BancorpSouth (NYSE:BXS) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The company had revenue of $185.61 million during the quarter, compared to the consensus estimate 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 earned $0.39 EPS. On average, analysts expect that BancorpSouth, Inc. will post $1.66 earnings per share for the current fiscal year.
The company also recently disclosed 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 1.96%. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. BancorpSouth’s dividend payout ratio is presently 30.86%.
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A number of research firms have recently weighed in on BXS. Stephens set a $35.00 price objective on shares of BancorpSouth and gave the stock a “buy” rating in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price objective on shares of BancorpSouth in a research note on Friday. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered shares of BancorpSouth from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.67.
In other news, Director James Elbert Campbell III acquired 7,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was bought at an average price of $28.93 per share, for a total transaction of $202,510.00. Following the transaction, the director now owns 133,392 shares in the company, valued at $3,859,030.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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