Waratah Capital Advisors Ltd. Takes Position in BancorpSouth, Inc. (BXS)
Waratah Capital Advisors Ltd. purchased a new position in BancorpSouth, Inc. (NYSE:BXS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,660 shares of the company’s stock, valued at approximately $393,000.
Several other institutional investors have also modified their holdings of the company. Elkfork Partners LLC purchased a new position in shares of BancorpSouth during the fourth quarter worth $134,000. Royce & Associates LP increased its position in shares of BancorpSouth by 32.3% in the fourth quarter. Royce & Associates LP now owns 254,000 shares of the company’s stock worth $7,887,000 after buying an additional 62,000 shares in the last quarter. Cortina Asset Management LLC increased its position in shares of BancorpSouth by 2.3% in the fourth quarter. Cortina Asset Management LLC now owns 1,012,135 shares of the company’s stock worth $31,427,000 after buying an additional 22,961 shares in the last quarter. Teza Capital Management LLC purchased a new position in shares of BancorpSouth during the fourth quarter worth $350,000. Finally, Dimensional Fund Advisors LP increased its position in shares of BancorpSouth by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,040,162 shares of the company’s stock worth $125,448,000 after buying an additional 100,059 shares in the last quarter. Institutional investors own 63.13% of the company’s stock.
Shares of BancorpSouth, Inc. (NYSE:BXS) traded up 0.64% during trading on Thursday, reaching $31.55. 577,567 shares of the company were exchanged. The stock has a 50-day moving average price of $30.48 and a 200-day moving average price of $26.73. The stock has a market capitalization of $2.96 billion, a PE ratio of 22.39 and a beta of 1.33. BancorpSouth, Inc. has a one year low of $19.20 and a one year high of $32.08.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. BancorpSouth had a net margin of 17.41% and a return on equity of 8.70%. During the same period last year, the business posted $0.33 EPS. Analysts forecast that BancorpSouth, Inc. will post $1.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Monday, March 13th. BancorpSouth’s payout ratio is 35.46%.
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BXS has been the subject of a number of analyst reports. RBC Capital Markets downgraded shares of BancorpSouth from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $26.00 to $25.00 in a research note on Friday, October 21st. Royal Bank Of Canada downgraded shares of BancorpSouth from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $26.00 to $25.00 in a research note on Friday, October 21st. Keefe, Bruyette & Woods downgraded shares of BancorpSouth from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $25.00 to $30.00 in a research note on Tuesday, November 29th. Zacks Investment Research raised shares of BancorpSouth from a “sell” rating to a “hold” rating in a research note on Friday, December 16th. Finally, Stephens raised shares of BancorpSouth from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 21st. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. BancorpSouth presently has an average rating of “Hold” and an average target price of $25.80.
In other news, insider William L. Prater sold 10,000 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $30.75, for a total value of $307,500.00. Following the transaction, the insider now owns 43,367 shares of the company’s stock, valued at approximately $1,333,535.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider William James Threadgill, Jr. sold 4,333 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $28.72, for a total transaction of $124,443.76. Following the completion of the transaction, the insider now directly owns 31,496 shares in the company, valued at approximately $904,565.12. The disclosure for this sale can be found here. 3.93% of the stock is owned by corporate 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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