BlueCrest Capital Management Ltd Takes Position in BancorpSouth, Inc. (BXS)
BlueCrest Capital Management Ltd purchased a new position in BancorpSouth, Inc. (NYSE:BXS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 198,780 shares of the bank’s stock, valued at approximately $6,063,000. BlueCrest Capital Management Ltd owned 0.22% of BancorpSouth at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Teacher Retirement System of Texas increased its holdings in BancorpSouth by 0.8% in the 2nd 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. Louisiana State Employees Retirement System increased its holdings in BancorpSouth by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the bank’s stock worth $662,000 after buying an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BancorpSouth by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock worth $117,000 after buying an additional 316 shares during the period. Advantus Capital Management Inc increased its holdings in BancorpSouth by 3.1% in the 1st quarter. Advantus Capital Management Inc now owns 10,921 shares of the bank’s stock worth $330,000 after buying an additional 329 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. increased its holdings in BancorpSouth by 1.0% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 38,431 shares of the bank’s stock worth $1,161,000 after buying an additional 379 shares during the period. Institutional investors own 65.24% of the company’s stock.
Several equities analysts recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price target on shares of BancorpSouth in a report on Friday, July 14th. Brean Capital reiterated a “hold” rating on shares of BancorpSouth in a report on Thursday, July 20th. BidaskClub downgraded shares of BancorpSouth from a “hold” rating to a “sell” rating in a report on Monday, July 31st. ValuEngine upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Zacks Investment Research downgraded shares of BancorpSouth from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $32.67.
Shares of BancorpSouth, Inc. (BXS) traded down 0.31% during midday trading on Friday, hitting $31.95. 436,076 shares of the stock were exchanged. The firm has a 50 day moving average of $30.02 and a 200-day moving average of $30.00. BancorpSouth, Inc. has a one year low of $22.23 and a one year high of $32.70. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 19.67 and a beta of 1.43.
BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The business had revenue of $185.61 million during the quarter, compared to analysts’ expectations of $187.78 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. Equities analysts expect that BancorpSouth, Inc. will post $1.66 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Thursday, September 14th. This is a boost from BancorpSouth’s previous quarterly dividend of $0.13. BancorpSouth’s dividend payout ratio is 34.57%.
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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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