BancorpSouth Bank (BXS) Stake Lowered by Bank of New York Mellon Corp
Bank of New York Mellon Corp reduced its holdings in BancorpSouth Bank (NYSE:BXS) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,133,767 shares of the bank’s stock after selling 47,851 shares during the quarter. Bank of New York Mellon Corp’s holdings in BancorpSouth Bank were worth $35,658,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in BXS. Meeder Asset Management Inc. boosted its holdings in shares of BancorpSouth Bank by 239.4% in the 4th quarter. Meeder Asset Management Inc. now owns 4,415 shares of the bank’s stock worth $139,000 after acquiring an additional 3,114 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in BancorpSouth Bank by 39.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock worth $169,000 after purchasing an additional 1,534 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in BancorpSouth Bank in the 3rd quarter worth approximately $203,000. Shelton Capital Management bought a new position in BancorpSouth Bank in the 3rd quarter worth approximately $210,000. Finally, Cubist Systematic Strategies LLC bought a new position in BancorpSouth Bank in the 3rd quarter worth approximately $242,000. 67.57% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on BXS shares. Stephens restated a “buy” rating and issued a $39.00 price objective on shares of BancorpSouth Bank in a research report on Friday, January 26th. Brean Capital restated a “hold” rating on shares of BancorpSouth Bank in a research report on Thursday, January 25th. Zacks Investment Research cut shares of BancorpSouth Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Piper Jaffray Companies restated a “hold” rating and issued a $35.00 price objective on shares of BancorpSouth Bank in a research report on Tuesday, January 9th. Finally, SunTrust Banks restated a “hold” rating and issued a $34.00 price objective on shares of BancorpSouth Bank in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. BancorpSouth Bank presently has an average rating of “Hold” and a consensus price target of $34.13.
BancorpSouth Bank (NYSE:BXS) last issued its earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $184.46 million during the quarter, compared to analysts’ expectations of $187.12 million. BancorpSouth Bank had a net margin of 19.59% and a return on equity of 9.01%. During the same quarter in the previous year, the company posted $0.40 EPS. equities research analysts forecast that BancorpSouth Bank will post 2.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Wednesday, March 14th. BancorpSouth Bank’s payout ratio is 34.36%.
BancorpSouth Bank Company Profile
BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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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