Fisher Asset Management LLC lowered its stake in shares of BancorpSouth Bank (NYSE:BXS) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 854,389 shares of the bank’s stock after selling 25,348 shares during the period. Fisher Asset Management LLC owned 0.83% of BancorpSouth Bank worth $27,751,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Founders Capital Management purchased a new stake in shares of BancorpSouth Bank during the 4th quarter valued at $27,000. Toronto Dominion Bank purchased a new stake in shares of BancorpSouth Bank during the 4th quarter valued at $49,000. Arlington Partners LLC purchased a new stake in shares of BancorpSouth Bank during the 1st quarter valued at $66,000. Strs Ohio lifted its holdings in shares of BancorpSouth Bank by 158.3% during the 4th quarter. Strs Ohio now owns 3,100 shares of the bank’s stock valued at $85,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Fruth Investment Management purchased a new stake in shares of BancorpSouth Bank during the 4th quarter valued at $203,000. Institutional investors own 60.17% of the company’s stock.
Separately, Hovde Group upgraded BancorpSouth Bank from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a research note on Tuesday, April 13th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. BancorpSouth Bank has a consensus rating of “Hold” and an average target price of $27.57.
BancorpSouth Bank (NYSE:BXS) last announced its quarterly earnings results on Tuesday, April 20th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. BancorpSouth Bank had a return on equity of 9.37% and a net margin of 19.81%. During the same quarter in the prior year, the company posted $0.33 EPS. As a group, equities research analysts expect that BancorpSouth Bank will post 2.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Tuesday, June 15th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Monday, June 14th. BancorpSouth Bank’s dividend payout ratio is currently 30.28%.
BancorpSouth Bank Company Profile
BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. The company operates through Banking Services Group, Mortgage, Insurance Agencies, Wealth Management, and General Corporate and Other segments. It accepts various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits.
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