New York State Common Retirement Fund lowered its holdings in shares of Bancorpsouth Bank (NYSE:BXS) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,588 shares of the bank’s stock after selling 1,900 shares during the period. New York State Common Retirement Fund owned 0.13% of Bancorpsouth Bank worth $3,612,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its stake in shares of Bancorpsouth Bank by 2.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 487,696 shares of the bank’s stock worth $15,339,000 after acquiring an additional 13,927 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 acquiring an additional 1,534 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Bancorpsouth Bank by 308.6% in the 4th quarter. Teacher Retirement System of Texas now owns 27,904 shares of the bank’s stock worth $878,000 after acquiring an additional 21,074 shares during the period. New Mexico Educational Retirement Board acquired a new stake in shares of Bancorpsouth Bank in the 4th quarter worth $657,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Bancorpsouth Bank by 22.4% in the 4th quarter. Wells Fargo & Company MN now owns 150,694 shares of the bank’s stock worth $4,739,000 after acquiring an additional 27,615 shares during the period. Hedge funds and other institutional investors own 70.66% of the company’s stock.
Shares of Bancorpsouth Bank opened at $34.65 on Friday, according to MarketBeat.com. 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 stock has a market capitalization of $3.15 billion, a PE ratio of 20.75 and a beta of 1.41. Bancorpsouth Bank has a 52-week low of $27.20 and a 52-week high of $35.55.
Bancorpsouth Bank (NYSE:BXS) last announced its quarterly earnings results on Wednesday, April 18th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The business had revenue of $217.01 million during the quarter, compared to the consensus estimate of $210.65 million. Bancorpsouth Bank had a net margin of 20.58% and a return on equity of 9.49%. During the same quarter last year, the firm posted $0.39 EPS. equities research analysts forecast that Bancorpsouth Bank will post 2.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be issued a $0.14 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.62%. Bancorpsouth Bank’s dividend payout ratio is presently 33.53%.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Tuesday. ValuEngine cut shares of Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a research note on Thursday, May 3rd. Piper Jaffray Companies set a $36.00 target price on shares of Bancorpsouth Bank and gave the stock a “hold” rating in a research note on Monday, April 23rd. Finally, Hovde Group set a $35.00 target price on shares of Bancorpsouth Bank and gave the stock a “hold” rating in a research note on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $35.13.
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.
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