Toronto Dominion Bank Raises Position in BancorpSouth Bank (NYSE:BXS)

Toronto Dominion Bank raised its stake in shares of BancorpSouth Bank (NYSE:BXS) by 117.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,528 shares of the bank’s stock after purchasing an additional 1,368 shares during the period. Toronto Dominion Bank’s holdings in BancorpSouth Bank were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of BXS. First Trust Advisors LP raised its position in BancorpSouth Bank by 10.4% during the first quarter. First Trust Advisors LP now owns 157,015 shares of the bank’s stock valued at $4,431,000 after purchasing an additional 14,741 shares during the period. Rhumbline Advisers grew its stake in shares of BancorpSouth Bank by 8.4% during the first quarter. Rhumbline Advisers now owns 367,767 shares of the bank’s stock valued at $11,945,000 after buying an additional 28,605 shares during the last quarter. Arizona State Retirement System grew its stake in shares of BancorpSouth Bank by 2.3% during the first quarter. Arizona State Retirement System now owns 30,427 shares of the bank’s stock valued at $988,000 after buying an additional 681 shares during the last quarter. IndexIQ Advisors LLC bought a new position in shares of BancorpSouth Bank during the first quarter valued at approximately $398,000. Finally, Swiss National Bank grew its stake in shares of BancorpSouth Bank by 3.0% during the first quarter. Swiss National Bank now owns 238,800 shares of the bank’s stock valued at $7,756,000 after buying an additional 6,900 shares during the last quarter. Institutional investors and hedge funds own 70.50% of the company’s stock.

Shares of NYSE:BXS opened at $29.55 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.03 billion, a P/E ratio of 10.55 and a beta of 1.25. The business’s 50 day moving average is $27.89 and its 200 day moving average is $29.57. BancorpSouth Bank has a 52-week low of $18.10 and a 52-week high of $35.59.

BancorpSouth Bank (NYSE:BXS) last announced its earnings results on Thursday, July 22nd. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.14). The company had revenue of $282.13 million for the quarter, compared to the consensus estimate of $268.62 million. BancorpSouth Bank had a net margin of 26.05% and a return on equity of 11.62%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. On average, sell-side analysts anticipate that BancorpSouth Bank will post 2.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.71%. The ex-dividend date is Tuesday, September 14th. This is a boost from BancorpSouth Bank’s previous quarterly dividend of $0.19. BancorpSouth Bank’s dividend payout ratio (DPR) is 34.78%.

A number of research analysts have recently commented on BXS shares. DA Davidson raised BancorpSouth Bank from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, June 18th. Raymond James raised BancorpSouth Bank from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, August 31st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $30.17.

BancorpSouth Bank Company Profile

BancorpSouth Bank engages in conducting general commercial banking, trust, and insurance businesses through offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas, and Illinois. It operates through the following segments: Banking Services Group, Mortgage, Insurance Agencies, Wealth Management, and General Corporate and Other.

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

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