Cramer Rosenthal Mcglynn LLC cut its position in BancorpSouth Bank (NYSE:BXS) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,484,960 shares of the bank’s stock after selling 48,690 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 1.64% of BancorpSouth Bank worth $46,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its stake in 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 purchasing an additional 3,114 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in BancorpSouth Bank in the 3rd quarter worth approximately $203,000. Shelton Capital Management purchased a new stake in BancorpSouth Bank in the 3rd quarter worth approximately $210,000. Finally, Ramsey Quantitative Systems purchased a new stake in BancorpSouth Bank in the 4th quarter worth approximately $241,000. Institutional investors and hedge funds own 67.57% of the company’s stock.
Shares of BancorpSouth Bank (BXS) opened at $33.55 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.02. The firm has a market cap of $3,021.53, a price-to-earnings ratio of 20.21 and a beta of 1.47. BancorpSouth Bank has a 52-week low of $27.20 and a 52-week high of $35.55.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders 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 1.67%. The ex-dividend date is Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio (DPR) is currently 33.74%.
Several analysts have issued reports on the stock. Zacks Investment Research cut shares of BancorpSouth Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth Bank in a research note on Monday, February 5th. Stephens reiterated a “buy” rating and issued a $39.00 target price on shares of BancorpSouth Bank in a research note on Friday, January 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $35.00 target price on shares of BancorpSouth Bank in a research note on Tuesday, January 9th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $34.00 target price on shares of BancorpSouth Bank in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.13.
BancorpSouth Bank 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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