BancorpSouth, Inc. (BXS) Holdings Reduced by King Luther Capital Management Corp
King Luther Capital Management Corp lowered its position in BancorpSouth, Inc. (NYSE:BXS) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,233 shares of the bank’s stock after selling 35,798 shares during the quarter. King Luther Capital Management Corp owned 0.47% of BancorpSouth worth $13,629,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. State Street Corp increased its position in shares of BancorpSouth by 6.8% in the 2nd quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock worth $149,028,000 after purchasing an additional 310,447 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of BancorpSouth by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,104,460 shares of the bank’s stock worth $131,549,000 after purchasing an additional 28,854 shares during the last quarter. Northern Trust Corp increased its position in shares of BancorpSouth by 8.2% in the 2nd quarter. Northern Trust Corp now owns 2,583,338 shares of the bank’s stock worth $78,792,000 after purchasing an additional 196,469 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of BancorpSouth by 0.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,662,759 shares of the bank’s stock worth $50,714,000 after purchasing an additional 6,558 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its position in shares of BancorpSouth by 113.9% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,533,650 shares of the bank’s stock worth $49,153,000 after purchasing an additional 816,760 shares during the last quarter. Hedge funds and other institutional investors own 66.37% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Brean Capital reissued a “hold” rating on shares of BancorpSouth in a research report on Tuesday. SunTrust Banks reaffirmed a “hold” rating and set a $34.00 price objective on shares of BancorpSouth in a research report on Wednesday, November 29th. Zacks Investment Research downgraded shares of BancorpSouth from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $33.00 price objective on shares of BancorpSouth in a research report on Friday, October 20th. Finally, Hovde Group boosted their price objective on shares of BancorpSouth from $32.00 to $33.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. BancorpSouth has a consensus rating of “Hold” and an average target price of $33.13.
BancorpSouth, Inc. (BXS) opened at $33.15 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market cap of $3,089.28, a PE ratio of 20.85 and a beta of 1.40. BancorpSouth, Inc. has a one year low of $27.20 and a one year high of $34.45.
BancorpSouth (NYSE:BXS) last posted its earnings results on Thursday, October 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $186.52 million during the quarter, compared to analyst estimates of $191.32 million. BancorpSouth had a net margin of 19.59% and a return on equity of 8.97%. BancorpSouth’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. equities research analysts predict that BancorpSouth, Inc. will post 1.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, December 14th. BancorpSouth’s dividend payout ratio is currently 33.94%.
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BancorpSouth Company Profile
BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, 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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