Nisa Investment Advisors LLC continued to hold its stake in shares of BancorpSouth, Inc. (NYSE:BXS) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,140 shares of the bank’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in BancorpSouth were worth $736,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of BXS. Guggenheim Capital LLC boosted its position in BancorpSouth by 39.5% in the fourth quarter. Guggenheim Capital LLC now owns 29,174 shares of the bank’s stock valued at $906,000 after buying an additional 8,255 shares in the last quarter. Norges Bank bought a new position in BancorpSouth during the fourth quarter valued at $21,010,000. Teachers Advisors LLC boosted its position in BancorpSouth by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 139,058 shares of the bank’s stock valued at $4,318,000 after buying an additional 3,372 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in BancorpSouth by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,500 shares of the bank’s stock valued at $650,000 after buying an additional 400 shares in the last quarter. Finally, Diversified Trust Co boosted its position in BancorpSouth by 0.3% in the first quarter. Diversified Trust Co now owns 39,400 shares of the bank’s stock valued at $1,192,000 after buying an additional 135 shares in the last quarter. 66.51% of the stock is currently owned by institutional investors.
BancorpSouth, Inc. (NYSE BXS) opened at 28.40 on Friday. BancorpSouth, Inc. has a 52 week low of $22.23 and a 52 week high of $32.40. The company has a market cap of $2.59 billion, a P/E ratio of 17.49 and a beta of 1.39. The company’s 50-day moving average is $30.09 and its 200-day moving average is $30.21.
BancorpSouth (NYSE:BXS) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $185.61 million during the quarter, compared to analysts’ expectations of $187.78 million. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. During the same quarter in the prior year, the company posted $0.39 EPS. On average, analysts anticipate that BancorpSouth, Inc. will post $1.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.56 annualized dividend and a yield of 1.97%. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13. BancorpSouth’s dividend payout ratio is presently 30.86%.
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Several research analysts have recently commented on BXS shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 target price on shares of BancorpSouth in a report on Friday, July 14th. BidaskClub cut shares of BancorpSouth from a “hold” rating to a “sell” rating in a report on Monday, July 31st. ValuEngine raised shares of BancorpSouth from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth in a report on Thursday, July 20th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 price target on shares of BancorpSouth in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $31.67.
BancorpSouth Company Profile
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.
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