Capital One National Association Raises Position in BancorpSouth, Inc. (BXS)
Capital One National Association boosted its stake in shares of BancorpSouth, Inc. (NYSE:BXS) by 0.1% during the third quarter, Holdings Channel reports. The firm owned 51,182 shares of the company’s stock after buying an additional 44 shares during the period. Capital One National Association owned 0.05% of BancorpSouth worth $1,187,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in BXS. LS Investment Advisors LLC increased its position 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. Parametrica Management Ltd purchased a new position in BancorpSouth during the second quarter valued at $225,000. Bank of Montreal Can purchased a new position in BancorpSouth during the second quarter valued at $3,023,000. Emerald Acquisition Ltd. purchased a new position in BancorpSouth during the second quarter valued at $4,869,000. Finally, Argent Trust Co purchased a new position in BancorpSouth during the second quarter valued at $209,000. Institutional investors and hedge funds own 63.06% of the company’s stock.
Shares of BancorpSouth, Inc. (NYSE:BXS) traded down 0.16% during trading on Friday, reaching $30.90. The company had a trading volume of 662,272 shares. BancorpSouth, Inc. has a 12 month low of $18.69 and a 12 month high of $32.08. The firm has a market capitalization of $2.89 billion, a P/E ratio of 25.16 and a beta of 1.32. The firm’s 50 day moving average price is $30.28 and its 200 day moving average price is $25.51.
BancorpSouth (NYSE:BXS) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. BancorpSouth had a net margin of 15.47% and a return on equity of 8.40%. The company had revenue of $185.50 million for the quarter, compared to analyst estimates of $193.14 million. During the same quarter in the prior year, the business earned $0.36 EPS. BancorpSouth’s revenue was up 6.5% compared to the same quarter last year. Equities analysts predict that BancorpSouth, Inc. will post $1.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Thursday, December 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. BancorpSouth’s dividend payout ratio is presently 40.65%.
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Several equities analysts have recently weighed in on BXS shares. Zacks Investment Research upgraded BancorpSouth from a “sell” rating to a “hold” rating in a research report on Monday, September 19th. Raymond James Financial, Inc. downgraded BancorpSouth from a “market perform” rating to an “underperform” rating in a research report on Thursday, October 6th. RBC Capital Markets downgraded BancorpSouth from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $26.00 to $25.00 in a research report on Friday, October 21st. Royal Bank Of Canada downgraded BancorpSouth from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $26.00 to $25.00 in a research report on Friday, October 21st. Finally, Keefe, Bruyette & Woods downgraded BancorpSouth from an “outperform” rating to a “market perform” rating and raised their target price for the company from $25.00 to $30.00 in a research report on Tuesday, November 29th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. BancorpSouth presently has an average rating of “Hold” and a consensus target price of $25.33.
In related news, insider William James Threadgill, Jr. sold 4,333 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $28.72, for a total transaction of $124,443.76. Following the transaction, the insider now owns 31,496 shares in the company, valued at $904,565.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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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