Starr International Co. Inc. bought a new position in Bancorpsouth Bank (NYSE:BXS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,789 shares of the bank’s stock, valued at approximately $220,000.
Several other institutional investors have also recently added to or reduced their stakes in BXS. Howard Financial Services LTD. purchased a new stake in Bancorpsouth Bank during the 4th quarter worth approximately $1,156,000. Teachers Advisors LLC lifted its stake in Bancorpsouth Bank by 2.5% during the 3rd quarter. Teachers Advisors LLC now owns 190,338 shares of the bank’s stock valued at $6,224,000 after acquiring an additional 4,691 shares during the period. Founders Capital Management acquired a new stake in Bancorpsouth Bank during the 4th quarter valued at approximately $26,000. Comerica Bank lifted its stake in Bancorpsouth Bank by 0.8% during the 4th quarter. Comerica Bank now owns 147,048 shares of the bank’s stock valued at $4,292,000 after acquiring an additional 1,205 shares during the period. Finally, Financial Advisory Group acquired a new stake in Bancorpsouth Bank during the 4th quarter valued at approximately $639,000. Hedge funds and other institutional investors own 72.41% of the company’s stock.
BXS has been the subject of several analyst reports. Zacks Investment Research cut shares of Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Stephens reaffirmed a “hold” rating and set a $33.00 target price on shares of Bancorpsouth Bank in a report on Thursday, March 21st. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a report on Friday, January 25th. Finally, ValuEngine raised shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $32.50.
NYSE BXS traded up $0.43 during trading hours on Friday, reaching $28.59. The company had a trading volume of 383,436 shares, compared to its average volume of 519,838. The stock has a market capitalization of $2.61 billion, a P/E ratio of 12.82 and a beta of 1.46. Bancorpsouth Bank has a 1-year low of $24.31 and a 1-year high of $35.45.
Bancorpsouth Bank (NYSE:BXS) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The business 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 quarter in the prior year, the company earned $0.54 earnings per share. On average, equities research analysts anticipate that Bancorpsouth Bank will post 2.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.68 annualized dividend and a yield of 2.38%. Bancorpsouth Bank’s dividend payout ratio (DPR) is 30.49%.
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Bancorpsouth Bank Company 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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