Oakbrook Investments LLC purchased a new stake in BancorpSouth, Inc. (NYSE:BXS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,300 shares of the bank’s stock, valued at approximately $202,000.
Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in BancorpSouth by 17,271.2% in the 1st quarter. BlackRock Inc. now owns 9,111,731 shares of the bank’s stock worth $275,630,000 after buying an additional 9,059,278 shares in the last quarter. Vanguard Group Inc. lifted its position in BancorpSouth by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 6,965,034 shares of the bank’s stock worth $210,692,000 after buying an additional 331,845 shares in the last quarter. State Street Corp lifted its position in BancorpSouth by 6.8% in the 2nd quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock worth $149,028,000 after buying an additional 310,447 shares in the last quarter. Northern Trust Corp lifted its position in BancorpSouth by 8.2% in the 2nd quarter. Northern Trust Corp now owns 2,583,338 shares of the bank’s stock worth $78,792,000 after buying an additional 196,469 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in BancorpSouth by 0.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,662,759 shares of the bank’s stock worth $50,714,000 after buying an additional 6,558 shares in the last quarter. Institutional investors and hedge funds own 65.85% of the company’s stock.
BancorpSouth, Inc. (NYSE:BXS) opened at 31.30 on Tuesday. The company has a market cap of $2.85 billion, a P/E ratio of 19.27 and a beta of 1.43. The stock’s 50 day moving average is $31.40 and its 200-day moving average is $30.26. BancorpSouth, Inc. has a 12-month low of $22.85 and a 12-month high of $32.70.
BancorpSouth (NYSE:BXS) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $186.52 million for the quarter, compared to analyst estimates of $191.32 million. BancorpSouth had a net margin of 19.59% and a return on equity of 8.98%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Analysts predict that BancorpSouth, Inc. will post $1.67 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 14th. BancorpSouth’s dividend payout ratio is presently 33.94%.
A number of equities research analysts have issued reports on BXS shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 target price on shares of BancorpSouth in a research report on Thursday, October 12th. Piper Jaffray Companies reiterated a “hold” rating and issued a $31.00 target price on shares of BancorpSouth in a research report on Friday, July 21st. 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 research report on Tuesday, September 19th. Royal Bank Of Canada reiterated a “hold” rating and issued a $33.00 target price on shares of BancorpSouth in a research report on Friday, October 20th. Finally, BidaskClub downgraded shares of BancorpSouth from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target 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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