BancorpSouth, Inc. (BXS) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA boosted its holdings in BancorpSouth, Inc. (NYSE:BXS) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,404 shares of the bank’s stock after purchasing an additional 3,139 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.05% of BancorpSouth worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its stake in BancorpSouth by 3.8% during the second quarter. Great West Life Assurance Co. Can now owns 50,313 shares of the bank’s stock worth $1,531,000 after acquiring an additional 1,834 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of BancorpSouth by 0.8% in the second quarter. Teacher Retirement System of Texas now owns 6,776 shares of the bank’s stock worth $207,000 after buying an additional 54 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of BancorpSouth in the second quarter worth about $6,063,000. Balyasny Asset Management LLC purchased a new stake in shares of BancorpSouth in the second quarter worth about $3,924,000. Finally, Virginia Retirement Systems ET AL boosted its position in shares of BancorpSouth by 128.0% in the second quarter. Virginia Retirement Systems ET AL now owns 78,900 shares of the bank’s stock worth $2,406,000 after buying an additional 44,300 shares during the period. Hedge funds and other institutional investors own 65.38% of the company’s stock.
BXS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 price target on shares of BancorpSouth in a report on Thursday, October 12th. Piper Jaffray Companies restated a “neutral” rating and set a $31.00 price objective on shares of BancorpSouth in a research note on Thursday, October 5th. Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, September 19th. Royal Bank Of Canada restated a “hold” rating and set a $33.00 price objective on shares of BancorpSouth in a research note on Friday, October 20th. Finally, BidaskClub cut BancorpSouth from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $33.00.
Shares of BancorpSouth, Inc. (NYSE:BXS) opened at $31.30 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market capitalization of $2,830.00, a P/E ratio of 19.09 and a beta of 1.41. BancorpSouth, Inc. has a 1 year low of $27.20 and a 1 year high of $32.70.
BancorpSouth (NYSE:BXS) last issued its quarterly 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 return on equity of 8.97% and a net margin of 19.59%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. equities analysts anticipate that BancorpSouth, Inc. will post 1.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, December 14th. BancorpSouth’s payout ratio is currently 33.94%.
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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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