Burney Co. bought a new position in BancorpSouth Bank (NYSE:BXS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,165 shares of the bank’s stock, valued at approximately $514,000.
A number of other hedge funds have also recently modified their holdings of BXS. Trustcore Financial Services LLC acquired a new position in BancorpSouth Bank in the 1st quarter worth about $121,000. Meeder Asset Management Inc. increased its position in BancorpSouth Bank by 239.4% in the 4th quarter. Meeder Asset Management Inc. now owns 4,415 shares of the bank’s stock worth $139,000 after purchasing an additional 3,114 shares during the last quarter. Ballew Advisors Inc acquired a new position in BancorpSouth Bank in the 1st quarter worth about $141,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in BancorpSouth Bank by 39.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock worth $169,000 after purchasing an additional 1,534 shares during the last quarter. Finally, Grandfield & Dodd LLC acquired a new position in BancorpSouth Bank in the 1st quarter worth about $202,000. 67.67% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on BXS. Zacks Investment Research lowered BancorpSouth Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. ValuEngine lowered BancorpSouth Bank from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Brean Capital reissued a “hold” rating on shares of BancorpSouth Bank in a report on Thursday, May 3rd. Royal Bank of Canada reissued a “hold” rating and set a $37.00 price objective on shares of BancorpSouth Bank in a report on Friday, April 20th. Finally, Stephens reissued a “buy” rating and set a $39.00 price objective on shares of BancorpSouth Bank in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. BancorpSouth Bank has an average rating of “Hold” and a consensus price target of $35.00.
Shares of NYSE BXS opened at $34.20 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.10 billion, a PE ratio of 20.48 and a beta of 1.42. BancorpSouth Bank has a 52 week low of $34.25 and a 52 week high of $34.45.
BancorpSouth Bank (NYSE:BXS) last issued its quarterly earnings data on Wednesday, April 18th. The bank reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The business had revenue of $217.01 million for the quarter, compared to analyst estimates of $210.65 million. BancorpSouth Bank had a return on equity of 9.49% and a net margin of 20.58%. During the same quarter in the prior year, the firm posted $0.39 EPS. research analysts expect that BancorpSouth Bank will post 2.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.56 annualized dividend and a yield of 1.64%. BancorpSouth Bank’s payout ratio is 33.53%.
BancorpSouth Bank Profile
BancorpSouth Bank operates as a financial holding company for BancorpSouth Bank that provides commercial banking and financial services to individuals and small-to-medium size businesses. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits.
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