Victory Capital Management Inc. boosted its position in shares of Bancorpsouth Bank (NYSE:BXS) by 17.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,470,529 shares of the bank’s stock after acquiring an additional 221,677 shares during the period. Victory Capital Management Inc. owned 1.63% of Bancorpsouth Bank worth $41,498,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Howard Financial Services LTD. purchased a new position in Bancorpsouth Bank during the fourth quarter valued at approximately $1,156,000. Teachers Advisors LLC grew its stake in Bancorpsouth Bank by 2.5% during the third quarter. Teachers Advisors LLC now owns 190,338 shares of the bank’s stock valued at $6,224,000 after acquiring an additional 4,691 shares in the last quarter. Comerica Bank grew its stake in Bancorpsouth Bank by 0.8% during the fourth quarter. Comerica Bank now owns 147,048 shares of the bank’s stock valued at $4,292,000 after acquiring an additional 1,205 shares in the last quarter. Financial Advisory Group purchased a new position in Bancorpsouth Bank during the fourth quarter valued at approximately $639,000. Finally, BlackRock Inc. grew its stake in Bancorpsouth Bank by 5.7% during the fourth quarter. BlackRock Inc. now owns 11,371,437 shares of the bank’s stock valued at $297,251,000 after acquiring an additional 613,350 shares in the last quarter. 72.99% of the stock is owned by institutional investors.
BXS stock traded up $0.50 during midday trading on Thursday, reaching $29.21. The company had a trading volume of 5,403 shares, compared to its average volume of 528,774. Bancorpsouth Bank has a 1 year low of $24.31 and a 1 year high of $35.45. The stock has a market cap of $2.59 billion, a PE ratio of 13.04 and a beta of 1.46.
Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings results on Wednesday, April 17th. The bank reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. Bancorpsouth Bank had a net margin of 23.10% and a return on equity of 10.34%. The business had revenue of $216.77 million during the quarter, compared to analysts’ expectations of $221.20 million. During the same quarter in the previous year, the company earned $0.54 EPS. On average, sell-side analysts forecast that Bancorpsouth Bank will post 2.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.17 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.68 dividend on an annualized basis and a yield of 2.33%. Bancorpsouth Bank’s dividend payout ratio is presently 30.49%.
Several brokerages recently commented on BXS. Zacks Investment Research cut shares of Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Stephens reissued a “hold” rating and issued a $33.00 price target on shares of Bancorpsouth Bank in a research note on Thursday, March 21st. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a research note on Friday, January 25th. Finally, ValuEngine raised shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Bancorpsouth Bank has an average rating of “Hold” and an average target price of $32.50.
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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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