Trustmark National Bank Trust Department purchased a new stake in shares of BancorpSouth, Inc. (NYSE:BXS) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 16,814 shares of the bank’s stock, valued at approximately $509,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in BancorpSouth by 30.3% in the first quarter. Legal & General Group Plc now owns 54,532 shares of the bank’s stock valued at $1,650,000 after buying an additional 12,689 shares during the last quarter. Stephens Inc. AR purchased a new stake in shares of BancorpSouth during the first quarter worth about $1,169,000. Teachers Advisors LLC raised its stake in shares of BancorpSouth by 3.4% in the first quarter. Teachers Advisors LLC now owns 143,736 shares of the bank’s stock worth $4,348,000 after buying an additional 4,678 shares during the last quarter. Advantus Capital Management Inc raised its stake in BancorpSouth by 3.1% in the first quarter. Advantus Capital Management Inc now owns 10,921 shares of the bank’s stock worth $330,000 after buying an additional 329 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in BancorpSouth by 6.4% in the first quarter. Wellington Management Group LLP now owns 1,294,718 shares of the bank’s stock worth $39,166,000 after buying an additional 78,235 shares in the last quarter. 67.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BancorpSouth, Inc. (NYSE BXS) traded down 1.49% during trading on Tuesday, hitting $29.85. 124,666 shares of the stock were exchanged. The stock’s 50 day moving average is $29.87 and its 200-day moving average is $30.33. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 18.93 and a beta of 1.42. BancorpSouth, Inc. has a 12-month low of $20.50 and a 12-month high of $32.40.
BancorpSouth (NYSE:BXS) last announced its earnings results on Wednesday, April 19th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The company had revenue of $185.48 million during the quarter, compared to analysts’ expectations of $186.40 million. BancorpSouth had a net margin of 19.19% and a return on equity of 8.65%. During the same quarter in the previous year, the business posted $0.34 earnings per share. Equities research analysts anticipate that BancorpSouth, Inc. will post $1.65 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Tuesday, June 13th. BancorpSouth’s dividend payout ratio (DPR) is presently 31.65%.
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A number of equities analysts recently commented on BXS shares. Zacks Investment Research upgraded shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, April 4th. Stephens reiterated a “buy” rating on shares of BancorpSouth in a research note on Wednesday, April 19th. BidaskClub upgraded shares of BancorpSouth from a “sell” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 target price on shares of BancorpSouth in a research note on Monday, June 5th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $33.00 price target on shares of BancorpSouth in a report on Monday, May 15th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. BancorpSouth has a consensus rating of “Hold” and an average target price of $29.50.
In other BancorpSouth news, Director James Elbert Campbell III bought 7,000 shares of the stock in a transaction on Thursday, May 18th. The stock was purchased at an average price of $28.93 per share, with a total value of $202,510.00. Following the completion of the purchase, the director now owns 133,392 shares in the company, valued at $3,859,030.56. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 2.63% of the stock is currently owned by insiders.
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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