Bank of New York Mellon Corp decreased its holdings in shares of BancorpSouth, Inc. (NYSE:BXS) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,189,611 shares of the bank’s stock after selling 5,123 shares during the quarter. Bank of New York Mellon Corp owned about 1.31% of BancorpSouth worth $36,283,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BancorpSouth by 61.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,525 shares of the bank’s stock valued at $107,000 after purchasing an additional 1,341 shares in the last quarter. Sei Investments Co. raised its stake in BancorpSouth by 124.2% during the first quarter. Sei Investments Co. now owns 4,510 shares of the bank’s stock valued at $136,000 after purchasing an additional 2,498 shares in the last quarter. US Bancorp DE raised its stake in BancorpSouth by 16.0% during the first quarter. US Bancorp DE now owns 5,148 shares of the bank’s stock valued at $155,000 after purchasing an additional 711 shares in the last quarter. LS Investment Advisors LLC raised its stake in BancorpSouth by 15.8% during the second quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock valued at $202,000 after purchasing an additional 901 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in BancorpSouth by 0.8% during the second quarter. Teacher Retirement System of Texas now owns 6,776 shares of the bank’s stock valued at $207,000 after purchasing an additional 54 shares in the last quarter. 65.51% of the stock is currently owned by institutional investors.

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BancorpSouth, Inc. (NYSE:BXS) opened at 28.15 on Friday. The company has a market cap of $2.56 billion, a PE ratio of 17.33 and a beta of 1.40. BancorpSouth, Inc. has a 52-week low of $22.23 and a 52-week high of $32.40. The firm’s 50-day moving average is $29.36 and its 200-day moving average is $30.07.

BancorpSouth (NYSE:BXS) last released its earnings results on Wednesday, July 19th. The bank reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The company had revenue of $185.61 million during the quarter, compared to the consensus estimate of $187.78 million. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. During the same period in the previous year, the company posted $0.39 EPS. On average, equities research analysts anticipate that BancorpSouth, Inc. will post $1.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.14 dividend. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, September 14th. BancorpSouth’s payout ratio is currently 30.86%.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price objective on shares of BancorpSouth in a research report on Monday, May 15th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a research report on Thursday, July 20th. Stephens set a $35.00 price objective on shares of BancorpSouth and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, ValuEngine upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. 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 stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.67.

About BancorpSouth

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.

Institutional Ownership by Quarter for BancorpSouth (NYSE:BXS)

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