Dimensional Fund Advisors LP Increases Stake in Bancorpsouth Bank (BXS)

Dimensional Fund Advisors LP grew its position in Bancorpsouth Bank (NYSE:BXS) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 4,017,562 shares of the bank’s stock after acquiring an additional 84,102 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Bancorpsouth Bank were worth $105,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Teachers Advisors LLC lifted its stake in shares of Bancorpsouth Bank by 2.5% in the 3rd quarter. Teachers Advisors LLC now owns 190,338 shares of the bank’s stock valued at $6,224,000 after acquiring an additional 4,691 shares during the last quarter. Comerica Bank raised its position in Bancorpsouth Bank by 0.8% during the 4th quarter. Comerica Bank now owns 147,048 shares of the bank’s stock worth $4,292,000 after purchasing an additional 1,205 shares during the last quarter. Financial Advisory Group bought a new position in Bancorpsouth Bank during the 4th quarter worth $639,000. BlackRock Inc. raised its position in Bancorpsouth Bank by 5.7% during the 4th quarter. BlackRock Inc. now owns 11,371,437 shares of the bank’s stock worth $297,251,000 after purchasing an additional 613,350 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in Bancorpsouth Bank during the 4th quarter worth $244,000. Institutional investors own 72.99% of the company’s stock.

BXS has been the subject of several analyst reports. Zacks Investment Research lowered Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Stephens lowered Bancorpsouth Bank from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $33.00 to $32.00 in a research report on Wednesday, March 6th. ValuEngine raised Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Bancorpsouth Bank in a research report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Bancorpsouth Bank presently has a consensus rating of “Hold” and an average target price of $32.50.

Shares of NYSE:BXS opened at $28.71 on Thursday. The firm has a market cap of $2.59 billion, a P/E ratio of 12.87 and a beta of 1.46. Bancorpsouth Bank has a 12-month low of $24.31 and a 12-month high of $35.45.

Bancorpsouth Bank (NYSE:BXS) last announced its earnings results on Wednesday, April 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The business had revenue of $216.77 million during the quarter, compared to analyst estimates of $221.20 million. Bancorpsouth Bank had a return on equity of 10.34% and a net margin of 23.10%. During the same period last year, the company earned $0.54 EPS. On average, equities research analysts anticipate that Bancorpsouth Bank will post 2.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.37%. The ex-dividend date is Thursday, June 13th. Bancorpsouth Bank’s dividend payout ratio is currently 30.49%.

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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.

Read More: Reverse Stock Split

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

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