BancorpSouth, Inc. (NYSE:BXS) Stake Boosted by Creative Planning
Creative Planning increased its position in BancorpSouth, Inc. (NYSE:BXS) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,199 shares of the bank’s stock after buying an additional 9 shares during the period. Creative Planning’s holdings in BancorpSouth were worth $128,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock worth $107,000 after buying an additional 1,341 shares in the last quarter. Sei Investments Co. increased its position in BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock worth $136,000 after buying an additional 2,498 shares in the last quarter. US Bancorp DE increased its position in BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock worth $155,000 after buying an additional 711 shares in the last quarter. Two Sigma Securities LLC acquired a new position in BancorpSouth during the first quarter worth approximately $215,000. Finally, Quantbot Technologies LP acquired a new position in BancorpSouth during the first quarter worth approximately $216,000. 66.51% of the stock is owned by institutional investors and hedge funds.
BancorpSouth, Inc. (BXS) traded up 2.45% during midday trading on Monday, reaching $29.25. The company’s stock had a trading volume of 71,606 shares. The firm has a 50 day moving average price of $30.24 and a 200 day moving average price of $30.27. BancorpSouth, Inc. has a 1-year low of $22.23 and a 1-year high of $32.40. The firm has a market capitalization of $2.66 billion, a PE ratio of 18.01 and a beta of 1.39.
BancorpSouth (NYSE:BXS) last announced its earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $185.61 million for the quarter, compared to analysts’ expectations of $187.78 million. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, analysts predict that BancorpSouth, Inc. will post $1.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, September 14th. 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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BXS has been the subject of a number of research reports. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, August 2nd. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth in a report on Wednesday, August 2nd. BidaskClub downgraded shares of BancorpSouth from a “sell” rating to a “strong sell” rating in a report on Saturday. Stephens set a $35.00 price objective on shares of BancorpSouth and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 price objective on shares of BancorpSouth in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.67.
In other BancorpSouth news, Director James Elbert Campbell III bought 7,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were bought at an average price of $28.93 per share, for a total transaction of $202,510.00. Following the completion of the acquisition, the director now owns 133,392 shares of the company’s stock, valued at $3,859,030.56. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.63% of the stock is currently owned by corporate insiders.
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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