Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in Bancorpsouth Bank (NYSE:BXS) by 17.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,246 shares of the bank’s stock after selling 3,898 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Bancorpsouth Bank were worth $597,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in BXS. Trexquant Investment LP purchased a new position in Bancorpsouth Bank during the second quarter valued at $252,000. Strs Ohio lifted its position in Bancorpsouth Bank by 56.9% during the second quarter. Strs Ohio now owns 9,100 shares of the bank’s stock valued at $299,000 after buying an additional 3,300 shares during the period. OppenheimerFunds Inc. lifted its position in Bancorpsouth Bank by 14.4% during the second quarter. OppenheimerFunds Inc. now owns 22,915 shares of the bank’s stock valued at $755,000 after buying an additional 2,886 shares during the period. Millennium Management LLC purchased a new position in Bancorpsouth Bank during the second quarter valued at $792,000. Finally, Louisiana State Employees Retirement System lifted its position in Bancorpsouth Bank by 10.8% during the third quarter. Louisiana State Employees Retirement System now owns 24,600 shares of the bank’s stock valued at $804,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 74.00% of the company’s stock.
Shares of Bancorpsouth Bank stock opened at $29.12 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.02. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 17.44 and a beta of 1.41. Bancorpsouth Bank has a 12 month low of $26.91 and a 12 month high of $35.55.
Bancorpsouth Bank (NYSE:BXS) last posted its quarterly earnings results on Wednesday, October 17th. The bank reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. The firm had revenue of $213.75 million during the quarter, compared to analyst estimates of $216.90 million. Bancorpsouth Bank had a return on equity of 10.16% and a net margin of 23.71%. During the same quarter in the previous year, the firm earned $0.43 EPS. Sell-side analysts anticipate that Bancorpsouth Bank will post 2.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, December 13th. Bancorpsouth Bank’s dividend payout ratio is presently 40.72%.
Several equities analysts have commented on BXS shares. Stephens reissued a “buy” rating and set a $37.00 price objective on shares of Bancorpsouth Bank in a research report on Monday, August 27th. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a research report on Monday, August 27th. Zacks Investment Research lowered Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. ValuEngine lowered Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Royal Bank of Canada lowered their price objective on Bancorpsouth Bank to $32.00 and set a “market perform” rating for the company in a research report on Friday, October 19th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.50.
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Bancorpsouth Bank Profile
BancorpSouth Bank 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. The company also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.
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