Creative Planning boosted its stake in shares of BancorpSouth, Inc. (NYSE:BXS) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 4,199 shares of the bank’s stock after buying an additional 9 shares during the period. Creative Planning’s holdings in BancorpSouth were worth $128,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of BXS. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock valued at $107,000 after buying an additional 1,341 shares during the period. Sei Investments Co. raised its position in shares of BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after buying an additional 2,498 shares during the period. US Bancorp DE raised its position in shares of 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. Two Sigma Securities LLC purchased a new position in shares of BancorpSouth during the first quarter valued at about $215,000. Finally, Quantbot Technologies LP purchased a new position in shares of BancorpSouth during the first quarter valued at about $216,000. 66.51% of the stock is currently owned by institutional investors and hedge funds.
BancorpSouth, Inc. (NYSE BXS) traded up 2.45% during trading on Monday, reaching $29.25. The company’s stock had a trading volume of 71,606 shares. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 18.01 and a beta of 1.39. The firm has a 50 day moving average price of $30.24 and a 200-day moving average price of $30.27. BancorpSouth, Inc. has a 52-week low of $22.23 and a 52-week high of $32.40.
BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The firm had revenue of $185.61 million for the quarter, compared to analyst estimates of $187.78 million. During the same quarter in the previous year, the company posted $0.39 EPS. On average, analysts expect that BancorpSouth, Inc. will post $1.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.13. BancorpSouth’s payout ratio is 30.86%.
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BXS has been the topic of several research reports. Zacks Investment Research raised BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Friday, July 21st. ValuEngine raised BancorpSouth from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Stephens set a $35.00 price target on BancorpSouth and gave the company a “buy” rating in a research note on Thursday, July 27th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $31.00 price target on shares of BancorpSouth in a research note on Friday, July 21st. Finally, BidaskClub raised BancorpSouth from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.67.
In related news, Director James Elbert Campbell III purchased 7,000 shares of BancorpSouth stock in a transaction on Thursday, May 18th. The shares were purchased 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 of the company’s stock, valued at approximately $3,859,030.56. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.63% of the company’s stock.
BancorpSouth Company Profile
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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