Two Sigma Securities LLC acquired a new stake in BancorpSouth Bank (NYSE:BXS) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 24,256 shares of the bank’s stock, valued at approximately $763,000.
A number of other institutional investors have also made changes to their positions in BXS. Crossmark Global Holdings Inc. bought a new position in BancorpSouth Bank in the 3rd quarter valued at $203,000. Principal Financial Group Inc. grew its position in BancorpSouth Bank by 2.2% in the 3rd quarter. Principal Financial Group Inc. now owns 358,010 shares of the bank’s stock valued at $11,474,000 after acquiring an additional 7,579 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in BancorpSouth Bank by 7.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 45,404 shares of the bank’s stock valued at $1,455,000 after acquiring an additional 3,139 shares during the last quarter. Sei Investments Co. grew its position in BancorpSouth Bank by 78.5% in the 3rd quarter. Sei Investments Co. now owns 10,825 shares of the bank’s stock valued at $522,000 after acquiring an additional 4,762 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of BancorpSouth Bank by 1.9% in the 3rd quarter. Retirement Systems of Alabama now owns 109,233 shares of the bank’s stock worth $3,501,000 after buying an additional 2,075 shares during the period. 67.57% of the stock is currently owned by institutional investors.
Shares of BancorpSouth Bank (NYSE BXS) traded up $0.05 during mid-day trading on Tuesday, hitting $33.60. The company’s stock had a trading volume of 23,535 shares, compared to its average volume of 708,536. BancorpSouth Bank has a twelve month low of $27.20 and a twelve month high of $35.55. The stock has a market cap of $3,021.53, a PE ratio of 20.21 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.02.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio (DPR) is currently 33.74%.
Several equities research analysts have weighed in on the company. Stephens reiterated a “buy” rating and issued a $39.00 target price on shares of BancorpSouth Bank in a report on Friday, January 26th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth Bank in a report on Thursday, January 25th. SunTrust Banks reiterated 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 reiterated 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 cut BancorpSouth Bank from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.13.
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BancorpSouth Bank 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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