SG Americas Securities LLC boosted its holdings in shares of Bancorpsouth Bank (NYSE:BXS) by 35.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,826 shares of the bank’s stock after buying an additional 22,996 shares during the period. SG Americas Securities LLC owned about 0.10% of Bancorpsouth Bank worth $2,872,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of BXS. BlackRock Inc. boosted its stake in Bancorpsouth Bank by 9.8% during the second quarter. BlackRock Inc. now owns 10,322,893 shares of the bank’s stock worth $340,139,000 after buying an additional 920,056 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Bancorpsouth Bank by 529.4% during the second quarter. Federated Investors Inc. PA now owns 561,159 shares of the bank’s stock worth $18,490,000 after buying an additional 472,001 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in Bancorpsouth Bank during the second quarter worth $3,886,000. First Trust Advisors LP acquired a new stake in Bancorpsouth Bank during the second quarter worth $3,553,000. Finally, Northern Trust Corp boosted its stake in Bancorpsouth Bank by 3.7% during the second quarter. Northern Trust Corp now owns 2,677,676 shares of the bank’s stock worth $88,229,000 after buying an additional 96,222 shares in the last quarter. Hedge funds and other institutional investors own 73.35% of the company’s stock.
Shares of NYSE:BXS opened at $29.57 on Monday. Bancorpsouth Bank has a 52 week low of $26.91 and a 52 week high of $35.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.86. The firm has a market capitalization of $2.67 billion, a PE ratio of 17.71 and a beta of 1.41.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 2.30%. Bancorpsouth Bank’s dividend payout ratio is presently 40.72%.
BXS has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. ValuEngine downgraded shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a research note on Monday, August 6th. Stephens restated a “buy” rating and issued a $37.00 target price on shares of Bancorpsouth Bank in a research note on Thursday, October 18th. Finally, Royal Bank of Canada reduced their target price on shares of Bancorpsouth Bank to $32.00 and set a “market perform” rating on the stock in a research note on Friday, October 19th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Bancorpsouth Bank currently has an average rating of “Hold” and a consensus price target 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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