Nationwide Fund Advisors increased its position in BancorpSouth Inc. (NYSE:BXS) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 209,789 shares of the company’s stock after buying an additional 6,684 shares during the period. Nationwide Fund Advisors owned 0.22% of BancorpSouth worth $4,760,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of BancorpSouth by 86.6% in the first quarter. Renaissance Technologies LLC now owns 980,600 shares of the company’s stock worth $20,897,000 after buying an additional 455,087 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of BancorpSouth by 12.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 3,468,210 shares of the company’s stock worth $73,907,000 after buying an additional 384,872 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of BancorpSouth during the second quarter worth $4,869,000. State Street Corp raised its stake in shares of BancorpSouth by 3.4% in the first quarter. State Street Corp now owns 4,486,002 shares of the company’s stock worth $95,598,000 after buying an additional 147,540 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of BancorpSouth during the second quarter worth $3,023,000. 62.98% of the stock is owned by institutional investors.
BancorpSouth Inc. (NYSE:BXS) traded up 0.87% during mid-day trading on Friday, reaching $23.20. 1,057,253 shares of the company traded hands. The stock’s 50-day moving average price is $24.01 and its 200-day moving average price is $23.00. The firm has a market cap of $2.19 billion, a PE ratio of 19.51 and a beta of 1.36. BancorpSouth Inc. has a one year low of $18.69 and a one year high of $27.23.
BancorpSouth (NYSE:BXS) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. BancorpSouth had a net margin of 15.25% and a return on equity of 8.36%. During the same quarter last year, the business posted $0.41 EPS. Analysts forecast that BancorpSouth Inc. will post $1.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a $0.125 dividend. This is an increase from BancorpSouth’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Tuesday, September 13th. BancorpSouth’s payout ratio is currently 42.02%.
BXS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of BancorpSouth from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $24.00 to $25.00 in a research note on Thursday, June 30th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $24.00 price target on shares of BancorpSouth in a research note on Friday, July 22nd. Zacks Investment Research lowered shares of BancorpSouth from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Finally, FBR & Co reaffirmed a “buy” rating on shares of BancorpSouth in a research note on Saturday, July 9th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. BancorpSouth currently has a consensus rating of “Hold” and a consensus price target of $24.71.
In related news, insider James Ronald Hodges sold 4,543 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $24.01, for a total transaction of $109,077.43. Following the completion of the sale, the insider now owns 26,900 shares of the company’s stock, valued at $645,869. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.93% of the stock is currently owned by company insiders.
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), 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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