Legal & General Group Plc raised its position in shares of Bancorpsouth Bank (NYSE:BXS) by 11.2% during the 4th quarter, HoldingsChannel reports. The fund owned 98,697 shares of the bank’s stock after purchasing an additional 9,911 shares during the period. Legal & General Group Plc’s holdings in Bancorpsouth Bank were worth $2,580,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of BXS. Howard Financial Services LTD. purchased a new stake in shares of Bancorpsouth Bank during the 4th quarter worth $1,156,000. Teachers Advisors LLC grew its holdings in Bancorpsouth Bank by 2.5% during the third quarter. Teachers Advisors LLC now owns 190,338 shares of the bank’s stock worth $6,224,000 after acquiring an additional 4,691 shares during the period. Founders Capital Management acquired a new stake in Bancorpsouth Bank during the fourth quarter worth about $26,000. Comerica Bank grew its holdings in Bancorpsouth Bank by 0.8% during the fourth quarter. Comerica Bank now owns 147,048 shares of the bank’s stock worth $4,292,000 after acquiring an additional 1,205 shares during the period. Finally, IndexIQ Advisors LLC grew its holdings in Bancorpsouth Bank by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 71,486 shares of the bank’s stock valued at $2,338,000 after purchasing an additional 2,701 shares during the period. 72.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of BXS stock opened at $30.18 on Wednesday. The company has a market cap of $2.66 billion, a PE ratio of 13.22 and a beta of 1.44. Bancorpsouth Bank has a 12-month low of $24.31 and a 12-month high of $35.45.
Bancorpsouth Bank (NYSE:BXS) last announced its earnings results on Wednesday, January 23rd. The bank reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $211.91 million for the quarter, compared to analysts’ expectations of $221.38 million. Bancorpsouth Bank had a return on equity of 10.43% and a net margin of 23.66%. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, research analysts anticipate that Bancorpsouth Bank will post 2.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, March 14th. Bancorpsouth Bank’s dividend payout ratio (DPR) is currently 30.49%.
A number of brokerages recently commented on BXS. Zacks Investment Research upgraded Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, January 15th. Stephens downgraded Bancorpsouth Bank from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $33.00 to $32.00 in a research report on Wednesday, March 6th. ValuEngine raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Bancorpsouth Bank in a research note on Friday, January 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.50.
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 Story: Current Ratio
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.