Point72 Hong Kong Ltd purchased a new position in Bancorpsouth Bank (NYSE:BXS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,067 shares of the bank’s stock, valued at approximately $222,000.
A number of other hedge funds have also recently modified their holdings of the stock. Marshall Wace North America L.P. purchased a new position in Bancorpsouth Bank during the fourth quarter valued at $62,000. Point72 Asset Management L.P. purchased a new position in Bancorpsouth Bank during the 3rd quarter valued at about $77,000. Tower Research Capital LLC TRC lifted its position in Bancorpsouth Bank by 160.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,713 shares of the bank’s stock valued at $80,000 after acquiring an additional 1,670 shares during the period. Americana Partners LLC bought a new stake in Bancorpsouth Bank during the fourth quarter worth about $91,000. Finally, PNC Financial Services Group Inc. boosted its stake in Bancorpsouth Bank by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,055 shares of the bank’s stock worth $96,000 after acquiring an additional 379 shares in the last quarter. 63.84% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on BXS. Zacks Investment Research raised shares of Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, January 31st. DA Davidson raised Bancorpsouth Bank from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $36.00 to $34.50 in a research report on Thursday, January 30th. ValuEngine upgraded Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Janney Montgomery Scott upgraded Bancorpsouth Bank from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Monday, March 2nd. Finally, SunTrust Banks raised their price objective on Bancorpsouth Bank from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $32.43.
Bancorpsouth Bank (NYSE:BXS) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. The business had revenue of $245.47 million during the quarter, compared to analysts’ expectations of $242.60 million. Bancorpsouth Bank had a net margin of 22.19% and a return on equity of 10.65%. During the same period in the previous year, the company earned $0.57 earnings per share. As a group, analysts anticipate that Bancorpsouth Bank will post 2.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Thursday, March 12th. Bancorpsouth Bank’s dividend payout ratio (DPR) is currently 29.48%.
About Bancorpsouth Bank
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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