Amundi Pioneer Asset Management Inc. acquired a new position in shares of BancorpSouth Bank (NYSE:BXS) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,576 shares of the bank’s stock, valued at approximately $364,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BancorpSouth Bank by 39.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock worth $169,000 after purchasing an additional 1,534 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in BancorpSouth Bank by 8.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 26,140 shares of the bank’s stock valued at $822,000 after buying an additional 2,000 shares during the last quarter. New York State Common Retirement Fund lifted its stake in BancorpSouth Bank by 2.4% in the third quarter. New York State Common Retirement Fund now owns 115,978 shares of the bank’s stock valued at $3,717,000 after buying an additional 2,700 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in BancorpSouth Bank by 239.4% in the fourth quarter. Meeder Asset Management Inc. now owns 4,415 shares of the bank’s stock valued at $139,000 after buying an additional 3,114 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in BancorpSouth Bank by 78.5% in the third quarter. Sei Investments Co. now owns 10,825 shares of the bank’s stock valued at $522,000 after buying an additional 4,762 shares during the last quarter. Hedge funds and other institutional investors own 66.83% of the company’s stock.
BXS has been the topic of a number of recent research reports. Brean Capital reiterated a “hold” rating on shares of BancorpSouth Bank in a research note on Tuesday, December 5th. Zacks Investment Research cut BancorpSouth Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Piper Jaffray reiterated a “hold” rating and issued a $35.00 target price on shares of BancorpSouth Bank in a research note on Tuesday, January 9th. Finally, Stephens reiterated a “buy” rating and issued a $39.00 target price on shares of BancorpSouth Bank in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. BancorpSouth Bank has an average rating of “Hold” and an average price target of $34.13.
BancorpSouth Bank (NYSE:BXS) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $184.46 million for the quarter, compared to analyst estimates of $187.12 million. BancorpSouth Bank had a return on equity of 9.01% and a net margin of 19.59%. During the same period last year, the company earned $0.40 earnings per share. sell-side analysts anticipate that BancorpSouth Bank will post 2.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, March 14th. BancorpSouth Bank’s dividend payout ratio (DPR) is 33.53%.
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BancorpSouth Bank Company Profile
BancorpSouth Bank operates as a financial holding company for BancorpSouth Bank that 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.
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