KCG Holdings Inc. bought a new stake in BancorpSouth, Inc. (NYSE:BXS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,191 shares of the bank’s stock, valued at approximately $308,000.
Several other large investors have also recently added to or reduced their stakes in BXS. 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 valued at $155,000 after buying an additional 711 shares during the period. Moody Lynn & Lieberson LLC purchased a new stake in BancorpSouth during the first quarter valued at about $382,000. State Treasurer State of Michigan raised its stake in BancorpSouth by 1.2% in the first quarter. State Treasurer State of Michigan now owns 34,700 shares of the bank’s stock valued at $1,050,000 after buying an additional 400 shares during the period. Great West Life Assurance Co. Can raised its stake in BancorpSouth by 2.8% in the first quarter. Great West Life Assurance Co. Can now owns 48,479 shares of the bank’s stock valued at $1,463,000 after buying an additional 1,340 shares during the period. Finally, Wells Fargo & Company MN raised its stake in BancorpSouth by 2.4% in the first quarter. Wells Fargo & Company MN now owns 77,127 shares of the bank’s stock valued at $2,333,000 after buying an additional 1,814 shares during the period. Hedge funds and other institutional investors own 66.51% of the company’s stock.
Shares of BancorpSouth, Inc. (NYSE BXS) traded up 0.35% during midday trading on Friday, reaching $28.40. 380,391 shares of the company were exchanged. BancorpSouth, Inc. has a 52 week low of $22.23 and a 52 week high of $32.40. The firm has a 50-day moving average of $30.09 and a 200 day moving average of $30.21. The firm has a market capitalization of $2.59 billion, a P/E ratio of 17.49 and a beta of 1.39.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company earned $0.39 earnings per share. On average, equities research analysts expect that BancorpSouth, Inc. will post $1.66 EPS for the current year.
The firm also recently declared 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 represents a $0.56 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, September 14th. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13. BancorpSouth’s dividend payout ratio is currently 30.86%.
Several research firms have recently issued reports on BXS. Zacks Investment Research upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Friday, July 21st. Jefferies Group LLC restated a “hold” rating and issued a $33.00 target price on shares of BancorpSouth in a report on Friday, May 5th. BidaskClub upgraded shares of BancorpSouth from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 price objective on shares of BancorpSouth in a report on Friday, July 21st. Finally, ValuEngine upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $31.67.
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.
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