Bancorpsouth Bank (BXS) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its holdings in shares of Bancorpsouth Bank (NYSE:BXS) by 43.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,406 shares of the bank’s stock after acquiring an additional 8,668 shares during the quarter. LPL Financial LLC’s holdings in Bancorpsouth Bank were worth $929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BXS. Strs Ohio increased its position in shares of Bancorpsouth Bank by 56.9% during the second quarter. Strs Ohio now owns 9,100 shares of the bank’s stock valued at $299,000 after acquiring an additional 3,300 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Bancorpsouth Bank by 8.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 548,223 shares of the bank’s stock valued at $18,064,000 after purchasing an additional 40,637 shares during the period. BlackRock Inc. grew its holdings in Bancorpsouth Bank by 9.8% during the second quarter. BlackRock Inc. now owns 10,322,893 shares of the bank’s stock valued at $340,139,000 after purchasing an additional 920,056 shares during the period. OppenheimerFunds Inc. grew its holdings in Bancorpsouth Bank by 14.4% during the second quarter. OppenheimerFunds Inc. now owns 22,915 shares of the bank’s stock valued at $755,000 after purchasing an additional 2,886 shares during the period. Finally, Raymond James & Associates grew its holdings in Bancorpsouth Bank by 6.7% during the second quarter. Raymond James & Associates now owns 79,294 shares of the bank’s stock valued at $2,613,000 after purchasing an additional 4,955 shares during the period. 73.97% of the stock is owned by institutional investors.

Shares of NYSE BXS opened at $27.47 on Wednesday. Bancorpsouth Bank has a 1-year low of $24.31 and a 1-year high of $35.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 16.45 and a beta of 1.42.

Bancorpsouth Bank (NYSE:BXS) last posted its quarterly earnings results on Wednesday, October 17th. The bank reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Bancorpsouth Bank had a return on equity of 10.16% and a net margin of 23.71%. The firm had revenue of $213.75 million during the quarter, compared to analyst estimates of $216.90 million. During the same period last year, the company earned $0.43 earnings per share. Analysts anticipate that Bancorpsouth Bank will post 2.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, December 13th. Bancorpsouth Bank’s payout ratio is currently 40.72%.

Several brokerages have weighed in on BXS. Brean Capital reissued a “hold” rating on shares of Bancorpsouth Bank in a report on Thursday, October 18th. Zacks Investment Research raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. SunTrust Banks reduced their price objective on Bancorpsouth Bank to $31.00 and set a “hold” rating for the company in a report on Monday, October 22nd. ValuEngine raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, Royal Bank of Canada reduced their price objective on Bancorpsouth Bank to $32.00 and set a “market perform” rating for the company in a report on Friday, October 19th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Bancorpsouth Bank currently has an average rating of “Hold” and an average target price of $34.50.

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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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Institutional Ownership by Quarter for Bancorpsouth Bank (NYSE:BXS)

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