Teacher Retirement System of Texas boosted its position in shares of BancorpSouth Inc. (NYSE:BXS) by 13.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 11,856 shares of the company’s stock after buying an additional 1,433 shares during the period. Teacher Retirement System of Texas’ holdings in BancorpSouth were worth $269,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Skyline Asset Management LP raised its stake 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. Metropolitan Life Insurance Co. NY raised its stake in shares of BancorpSouth by 2.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 142,158 shares of the company’s stock valued at $3,029,000 after buying an additional 2,948 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 valued at $73,907,000 after buying an additional 384,872 shares in the last quarter. 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 valued at $20,897,000 after buying an additional 455,087 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of BancorpSouth by 17.0% in the first quarter. UBS Group AG now owns 84,325 shares of the company’s stock valued at $1,797,000 after buying an additional 12,273 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.
Shares of BancorpSouth Inc. (NYSE:BXS) opened at 22.66 on Monday. The stock’s 50 day moving average price is $23.76 and its 200-day moving average price is $23.13. BancorpSouth Inc. has a 52-week low of $18.69 and a 52-week high of $27.23. The company has a market cap of $2.14 billion, a P/E ratio of 19.06 and a beta of 1.20.
BancorpSouth (NYSE:BXS) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.39 EPS for the quarter, hitting 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 quarter last year, the firm posted $0.41 EPS. Equities analysts expect that BancorpSouth Inc. will post $1.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, September 13th. This is a positive change from BancorpSouth’s previous quarterly dividend of $0.10. BancorpSouth’s dividend payout ratio (DPR) is 42.02%.
A number of research firms have commented on BXS. Zacks Investment Research lowered BancorpSouth from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $24.00 price objective on shares of BancorpSouth in a research note on Friday, July 22nd. Raymond James Financial Inc. lowered BancorpSouth from a “market perform” rating to an “underperform” rating in a research note on Thursday, October 6th. FBR & Co reissued a “buy” rating on shares of BancorpSouth in a research note on Saturday, July 9th. Finally, Keefe, Bruyette & Woods raised BancorpSouth from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $24.00 to $25.00 in a research note on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. BancorpSouth has an average rating of “Hold” and an average target price of $24.71.
In other BancorpSouth news, insider James Ronald Hodges sold 4,543 shares of the firm’s 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 sale, the insider now owns 26,900 shares of the company’s stock, valued at approximately $645,869. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.93% of the company’s stock.
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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