JPMorgan Chase & Co. boosted its stake in shares of BancorpSouth Inc. (NYSE:BXS) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,038,964 shares of the company’s stock after buying an additional 50,000 shares during the period. JPMorgan Chase & Co. owned 1.10% of BancorpSouth worth $23,574,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its stake in BancorpSouth by 78.2% in the second quarter. LS Investment Advisors LLC now owns 5,121 shares of the company’s stock valued at $116,000 after buying an additional 2,248 shares during the period. Argent Trust Co bought a new position in shares of BancorpSouth during the second quarter valued at about $209,000. Parametrica Management Ltd bought a new position in shares of BancorpSouth during the second quarter valued at about $225,000. Strs Ohio raised its position in shares of BancorpSouth by 8.5% in the second quarter. Strs Ohio now owns 10,200 shares of the company’s stock valued at $231,000 after buying an additional 800 shares in the last quarter. Finally, Airain ltd bought a new position in shares of BancorpSouth during the second quarter valued at about $468,000. 62.98% of the stock is currently owned by institutional investors.
BancorpSouth Inc. (NYSE:BXS) traded down 0.54% on Friday, hitting $23.77. The stock had a trading volume of 798,566 shares. BancorpSouth Inc. has a 52-week low of $18.69 and a 52-week high of $27.23. The stock’s 50-day moving average is $24.20 and its 200-day moving average is $22.92. The company has a market cap of $2.25 billion, a P/E ratio of 19.99 and a beta of 1.36.
BancorpSouth (NYSE:BXS) last released its earnings results on Wednesday, July 20th. The company reported $0.39 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 firm earned $0.41 EPS. Analysts expect that BancorpSouth Inc. will post $1.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Tuesday, September 13th. This is a boost from BancorpSouth’s previous quarterly dividend of $0.10. BancorpSouth’s dividend payout ratio is currently 42.02%.
Several brokerages recently issued reports on BXS. JPMorgan Chase & Co. lowered their target price on BancorpSouth from $24.00 to $23.50 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Zacks Investment Research lowered BancorpSouth from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Keefe, Bruyette & Woods raised BancorpSouth from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $24.00 to $25.00 in a research report on Thursday, June 30th. Finally, FBR & Co reaffirmed a “buy” rating on shares of BancorpSouth in a research report on Saturday, July 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently 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 stock in a transaction 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 transaction, the insider now 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 can be accessed through this hyperlink. 3.93% of the stock is owned by corporate 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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