BancorpSouth COO Sells $438,715 in Stock (BXS)
BancorpSouth (NYSE:BXS) COO James Virgil Kelley unloaded 17,863 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $24.56, for a total transaction of $438,715.28. Following the completion of the transaction, the chief operating officer now directly owns 100,195 shares of the company’s stock, valued at approximately $2,460,789. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on BXS. Analysts at Stephens downgraded shares of BancorpSouth from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday. They now have a $26.00 price target on the stock, down previously from $27.00. Separately, analysts at Wunderlich upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $30.00 price target on the stock, up previously from $26.00. Finally, analysts at Morgan Stanley downgraded shares of BancorpSouth from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday, January 6th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.11.
Shares of BancorpSouth (NYSE:BXS) traded down 0.89% on Monday, hitting $24.59. The stock had a trading volume of 1,279,984 shares. BancorpSouth has a one year low of $14.30 and a one year high of $25.54. The stock’s 50-day moving average is $24.68 and its 200-day moving average is $21.80. The company has a market cap of $2.341 billion and a P/E ratio of 28.23.
BancorpSouth (NYSE:BXS) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, analysts predict that BancorpSouth will post $1.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of 0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, March 12th.
BancorpSouth, Inc is a financial holding company. Through its principal bank subsidiary, BancorpSouth Bank (NYSE:BXS), the Company conducts commercial banking and financial services operations in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri and Illinois.
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