Loomis Sayles & Co. L P decreased its position in shares of Bancorpsouth Bank (NYSE:BXS) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 497,728 shares of the bank’s stock after selling 17,226 shares during the period. Loomis Sayles & Co. L P owned 0.55% of Bancorpsouth Bank worth $16,276,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System raised its stake in Bancorpsouth Bank by 10.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,600 shares of the bank’s stock worth $804,000 after acquiring an additional 2,400 shares during the period. OppenheimerFunds Inc. raised its position in shares of Bancorpsouth Bank by 14.4% during the second quarter. OppenheimerFunds Inc. now owns 22,915 shares of the bank’s stock valued at $755,000 after buying an additional 2,886 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of Bancorpsouth Bank by 9.9% during the third quarter. State Treasurer State of Michigan now owns 33,200 shares of the bank’s stock valued at $1,086,000 after buying an additional 3,000 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Bancorpsouth Bank by 5.5% during the third quarter. Prudential Financial Inc. now owns 61,902 shares of the bank’s stock valued at $2,024,000 after buying an additional 3,200 shares during the last quarter. Finally, Strs Ohio raised its position in shares of Bancorpsouth Bank by 56.9% during the second quarter. Strs Ohio now owns 9,100 shares of the bank’s stock valued at $299,000 after buying an additional 3,300 shares during the last quarter. Institutional investors own 74.00% of the company’s stock.
Bancorpsouth Bank stock opened at $29.12 on Friday. The company has a market cap of $2.65 billion, a PE ratio of 14.11 and a beta of 1.41. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. Bancorpsouth Bank has a 1 year low of $26.91 and a 1 year high of $35.55.
Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings data on Wednesday, October 17th. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $213.75 million for the quarter, compared to analysts’ expectations of $216.90 million. Bancorpsouth Bank had a net margin of 23.71% and a return on equity of 10.16%. During the same quarter last year, the business posted $0.43 earnings per share. As a group, analysts anticipate that Bancorpsouth Bank will post 2.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 14th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, December 13th. Bancorpsouth Bank’s dividend payout ratio (DPR) is presently 40.72%.
Several equities research analysts have recently issued reports on BXS shares. Stephens reiterated a “buy” rating and set a $37.00 price objective on shares of Bancorpsouth Bank in a research report on Thursday, October 18th. Brean Capital reiterated a “hold” rating on shares of Bancorpsouth Bank in a research report on Monday, October 29th. Zacks Investment Research upgraded shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, SunTrust Banks reduced their price objective on shares of Bancorpsouth Bank to $31.00 and set a “hold” rating on the stock in a research report on Monday, October 22nd. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.50.
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Bancorpsouth Bank Profile
BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. The company also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.
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