Great West Life Assurance Co. Can maintained its position in shares of BancorpSouth Inc. (NYSE:BXS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,740 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in BancorpSouth were worth $165,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its position 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 valued at $95,598,000 after buying an additional 147,540 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position 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 valued at $73,907,000 after buying an additional 384,872 shares in the last quarter. Skyline Asset Management LP increased its position in shares of BancorpSouth by 3.9% in the first quarter. Skyline Asset Management LP now owns 1,205,100 shares of the company’s stock valued at $25,681,000 after buying an additional 45,200 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of BancorpSouth by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 988,964 shares of the company’s stock valued at $21,075,000 after buying an additional 14,980 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of BancorpSouth by 86.6% in the first quarter. Renaissance Technologies LLC now owns 980,600 shares of the company’s stock valued at $20,897,000 after buying an additional 455,087 shares in the last quarter. 62.98% of the stock is currently owned by institutional investors.
Shares of BancorpSouth Inc. (NYSE:BXS) traded down 0.34% during mid-day trading on Monday, reaching $23.59. The company’s stock had a trading volume of 1,149,017 shares. BancorpSouth Inc. has a 52-week low of $18.69 and a 52-week high of $27.23. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 19.84 and a beta of 1.36. The firm has a 50 day moving average price of $24.22 and a 200 day moving average price of $22.80.
BancorpSouth (NYSE:BXS) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. BancorpSouth had a return on equity of 8.36% and a net margin of 15.25%. During the same period in the previous year, the business earned $0.41 earnings per share. On average, equities analysts predict that BancorpSouth Inc. will post $1.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.12%. This is a boost from BancorpSouth’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, September 13th. BancorpSouth’s dividend payout ratio (DPR) is presently 42.02%.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded BancorpSouth from a “sell” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. restated a “hold” rating and set a $24.00 price objective on shares of BancorpSouth in a research report on Friday, July 22nd. FBR & Co restated a “buy” rating on shares of BancorpSouth in a research report on Saturday, July 9th. Finally, Keefe, Bruyette & Woods upgraded BancorpSouth from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $25.00 in a research report on Thursday, June 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.71.
In other news, insider James Ronald Hodges sold 4,543 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $24.01, for a total value of $109,077.43. Following the completion of the sale, the insider now directly owns 26,900 shares of the company’s stock, valued at $645,869. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.93% of the stock is owned by insiders.
BancorpSouth Company Profile
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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