Eaton Vance Management Invests $2.38 Million in Bancorpsouth Bank (BXS) Stock

Eaton Vance Management purchased a new position in Bancorpsouth Bank (NYSE:BXS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 74,872 shares of the bank’s stock, valued at approximately $2,381,000. Eaton Vance Management owned about 0.08% of Bancorpsouth Bank as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its position in Bancorpsouth Bank by 3.1% in the fourth quarter. BlackRock Inc. now owns 9,251,355 shares of the bank’s stock worth $290,955,000 after buying an additional 277,464 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Bancorpsouth Bank by 39.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock worth $169,000 after buying an additional 1,534 shares during the last quarter. King Luther Capital Management Corp grew its position in Bancorpsouth Bank by 20.9% in the fourth quarter. King Luther Capital Management Corp now owns 513,949 shares of the bank’s stock worth $16,164,000 after buying an additional 88,716 shares during the last quarter. BancorpSouth Bank acquired a new position in Bancorpsouth Bank in the fourth quarter worth approximately $20,913,000. Finally, Paloma Partners Management Co grew its position in Bancorpsouth Bank by 9.1% in the fourth quarter. Paloma Partners Management Co now owns 25,511 shares of the bank’s stock worth $802,000 after buying an additional 2,128 shares during the last quarter. Hedge funds and other institutional investors own 70.63% of the company’s stock.

NYSE BXS opened at $34.65 on Tuesday. Bancorpsouth Bank has a twelve month low of $27.20 and a twelve month high of $35.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 18.78 and a beta of 1.42.

Bancorpsouth Bank (NYSE:BXS) last posted its quarterly earnings data on Wednesday, April 18th. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. Bancorpsouth Bank had a net margin of 20.58% and a return on equity of 9.49%. The firm had revenue of $217.01 million for the quarter, compared to analysts’ expectations of $210.65 million. During the same period in the previous year, the company posted $0.39 EPS. equities analysts expect that Bancorpsouth Bank will post 2.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, June 14th. Bancorpsouth Bank’s payout ratio is 33.53%.

Several research analysts have issued reports on BXS shares. ValuEngine lowered shares of Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Stephens restated a “buy” rating and issued a $39.00 price target on shares of Bancorpsouth Bank in a research report on Friday, January 26th. Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a research report on Thursday, January 25th. Zacks Investment Research lowered shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $37.00 price target on shares of Bancorpsouth Bank in a research report on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Bancorpsouth Bank presently has a consensus rating of “Hold” and an average price target of $35.00.

About Bancorpsouth Bank

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.

Institutional Ownership by Quarter for Bancorpsouth Bank (NYSE:BXS)

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