Invesco Ltd. raised its position in shares of Bancorpsouth Bank (NYSE:BXS) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 175,607 shares of the bank’s stock after purchasing an additional 6,099 shares during the quarter. Invesco Ltd. owned about 0.18% of Bancorpsouth Bank worth $5,100,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC boosted its stake in Bancorpsouth Bank by 1.5% during the 2nd quarter. LPL Financial LLC now owns 26,652 shares of the bank’s stock valued at $774,000 after purchasing an additional 404 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Bancorpsouth Bank by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 36,812 shares of the bank’s stock worth $1,069,000 after acquiring an additional 519 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Bancorpsouth Bank by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,937 shares of the bank’s stock worth $172,000 after acquiring an additional 793 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Bancorpsouth Bank by 1.3% during the 2nd quarter. Retirement Systems of Alabama now owns 119,621 shares of the bank’s stock worth $3,474,000 after acquiring an additional 1,548 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Bancorpsouth Bank by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 66,749 shares of the bank’s stock worth $1,938,000 after acquiring an additional 1,618 shares in the last quarter. 63.24% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies assumed coverage on Bancorpsouth Bank in a research note on Wednesday, September 18th. They set a “neutral” rating and a $32.50 price objective for the company. SunTrust Banks raised Bancorpsouth Bank from a “hold” rating to a “buy” rating and raised their price objective for the stock from $32.00 to $33.00 in a research note on Wednesday, September 25th. Royal Bank of Canada set a $31.00 price objective on Bancorpsouth Bank and gave the stock a “hold” rating in a research note on Friday, July 19th. ValuEngine raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, DA Davidson assumed coverage on Bancorpsouth Bank in a research note on Tuesday, August 20th. They set a “neutral” rating and a $30.50 price objective for the company. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Bancorpsouth Bank has a consensus rating of “Hold” and a consensus price target of $32.33.
BXS opened at $29.30 on Friday. The firm has a market cap of $2.90 billion, a PE ratio of 13.14 and a beta of 1.45. The business has a fifty day simple moving average of $28.63 and a 200-day simple moving average of $28.76. Bancorpsouth Bank has a fifty-two week low of $24.31 and a fifty-two week high of $33.45.
Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $226.35 million during the quarter, compared to analyst estimates of $234.95 million. Bancorpsouth Bank had a return on equity of 10.30% and a net margin of 22.39%. During the same period last year, the company posted $0.55 EPS. On average, equities research analysts expect that Bancorpsouth Bank will post 2.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Bancorpsouth Bank’s previous quarterly dividend of $0.17. Bancorpsouth Bank’s dividend payout ratio (DPR) is 33.18%.
Bancorpsouth Bank Company 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.
Featured Article: Why does a company issue an IPO?
Want to see what other hedge funds are holding BXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bancorpsouth Bank (NYSE:BXS).
Receive News & Ratings for Bancorpsouth Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorpsouth Bank and related companies with MarketBeat.com's FREE daily email newsletter.