New York State Common Retirement Fund boosted its position in Bancorpsouth Bank (NYSE:BXS) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 99,170 shares of the bank’s stock after purchasing an additional 3,900 shares during the period. New York State Common Retirement Fund’s holdings in Bancorpsouth Bank were worth $2,799,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in shares of Bancorpsouth Bank by 2,755.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 928,911 shares of the bank’s stock worth $36,000 after acquiring an additional 896,376 shares in the last quarter. Buffington Mohr McNeal bought a new stake in Bancorpsouth Bank in the 1st quarter worth about $42,000. Toronto Dominion Bank bought a new stake in Bancorpsouth Bank in the 4th quarter worth about $43,000. NumerixS Investment Technologies Inc grew its position in Bancorpsouth Bank by 480.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,900 shares of the bank’s stock worth $75,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Bancorpsouth Bank in the 1st quarter worth about $101,000. Institutional investors and hedge funds own 65.20% of the company’s stock.
BXS has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, March 12th. Stephens downgraded shares of Bancorpsouth Bank from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $33.00 to $32.00 in a research report on Wednesday, March 6th. Finally, ValuEngine downgraded shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.50.
BXS stock traded down $0.13 during trading on Wednesday, reaching $28.26. The stock had a trading volume of 15,758 shares, compared to its average volume of 507,116. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 12.67 and a beta of 1.47. Bancorpsouth Bank has a one year low of $24.31 and a one year high of $35.40.
Bancorpsouth Bank (NYSE:BXS) last released its earnings results on Wednesday, April 17th. The bank reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The firm had revenue of $216.77 million for the quarter, compared to analysts’ expectations of $221.20 million. Bancorpsouth Bank had a net margin of 23.10% and a return on equity of 10.34%. During the same period in the previous year, the company earned $0.54 earnings per share. As a group, research analysts predict that Bancorpsouth Bank will post 2.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, June 13th. Bancorpsouth Bank’s payout ratio is 30.49%.
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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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