Strs Ohio lowered its stake in shares of BancorpSouth, Inc. (NYSE:BXS) by 28.9% during the second quarter, Holdings Channel reports. The firm owned 28,800 shares of the bank’s stock after selling 11,700 shares during the period. Strs Ohio’s holdings in BancorpSouth were worth $878,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of BancorpSouth by 61.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock valued at $107,000 after buying an additional 1,341 shares during the period. Sei Investments Co. increased its stake in shares of BancorpSouth by 124.2% in the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after buying an additional 2,498 shares during the period. US Bancorp DE increased its stake in shares of BancorpSouth by 16.0% in the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock valued at $155,000 after buying an additional 711 shares during the period. LS Investment Advisors LLC increased its stake in shares of BancorpSouth by 15.8% in the second quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after buying an additional 901 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in shares of BancorpSouth during the first quarter valued at $215,000. 66.51% of the stock is owned by institutional investors.

Shares of BancorpSouth, Inc. (NYSE:BXS) opened at 28.30 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 $2.58 billion, a P/E ratio of 17.43 and a beta of 1.39. The firm has a 50-day moving average of $30.15 and a 200-day moving average of $30.22.

BancorpSouth (NYSE:BXS) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. BancorpSouth had a net margin of 19.46% and a return on equity of 8.77%. The business had revenue of $185.61 million for the quarter, compared to analyst estimates of $187.78 million. During the same quarter in the prior year, the business posted $0.39 EPS. Equities research analysts forecast that BancorpSouth, Inc. will post $1.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.14 per share. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.98%. BancorpSouth’s dividend payout ratio is presently 30.86%.

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Several equities research analysts recently weighed in on BXS shares. Stephens set a $35.00 price target on shares of BancorpSouth and gave the company a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Friday, July 21st. ValuEngine raised shares of BancorpSouth from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. BidaskClub raised shares of BancorpSouth from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $32.00 price target on shares of BancorpSouth in a research report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for BancorpSouth (NYSE:BXS)

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