Chicago Equity Partners LLC Sells 3,820 Shares of Bancorpsouth Bank (BXS)
Chicago Equity Partners LLC lessened its stake in Bancorpsouth Bank (NYSE:BXS) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,155 shares of the bank’s stock after selling 3,820 shares during the period. Chicago Equity Partners LLC owned about 0.12% of Bancorpsouth Bank worth $2,906,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its position in Bancorpsouth Bank by 11.8% in the 4th quarter. Bank of Montreal Can now owns 6,467 shares of the bank’s stock worth $169,000 after purchasing an additional 684 shares in the last quarter. Founders Capital Management purchased a new stake in Bancorpsouth Bank in the 4th quarter worth approximately $26,000. Arizona State Retirement System boosted its position in Bancorpsouth Bank by 2.1% in the 4th quarter. Arizona State Retirement System now owns 65,102 shares of the bank’s stock worth $1,702,000 after purchasing an additional 1,333 shares in the last quarter. Retirement Systems of Alabama boosted its position in Bancorpsouth Bank by 1.3% in the 4th quarter. Retirement Systems of Alabama now owns 117,522 shares of the bank’s stock worth $3,072,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Bancorpsouth Bank by 10.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 24,600 shares of the bank’s stock worth $804,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 74.57% of the company’s stock.
Several equities research analysts have commented on BXS shares. Stephens set a $35.00 price objective on Bancorpsouth Bank and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Zacks Investment Research upgraded Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, January 15th. Brean Capital reiterated a “hold” rating on shares of Bancorpsouth Bank in a research report on Wednesday, November 14th. ValuEngine upgraded Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Finally, SunTrust Banks decreased their target price on Bancorpsouth Bank to $31.00 and set a “hold” rating on the stock in a research report on Monday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $33.50.
Bancorpsouth Bank (NYSE:BXS) last announced its earnings results on Wednesday, January 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Bancorpsouth Bank had a return on equity of 10.43% and a net margin of 23.66%. The firm had revenue of $211.91 million for the quarter, compared to analyst estimates of $221.38 million. During the same quarter last year, the firm posted $0.41 EPS. As a group, analysts expect that Bancorpsouth Bank will post 2.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.16%. Bancorpsouth Bank’s dividend payout ratio (DPR) is 30.49%.
Bancorpsouth Bank Profile
BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. The company also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions.
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