Crossmark Global Holdings Inc. purchased a new position in BancorpSouth, Inc. (NYSE:BXS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,348 shares of the bank’s stock, valued at approximately $203,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Teacher Retirement System of Texas increased its holdings in BancorpSouth by 0.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 6,776 shares of the bank’s stock worth $207,000 after acquiring an additional 54 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BancorpSouth by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock worth $117,000 after acquiring an additional 316 shares in the last quarter. Aperio Group LLC increased its holdings in BancorpSouth by 4.5% in the 2nd quarter. Aperio Group LLC now owns 17,528 shares of the bank’s stock worth $535,000 after acquiring an additional 753 shares in the last quarter. Pacad Investment Ltd. increased its holdings in BancorpSouth by 12.0% in the 2nd quarter. Pacad Investment Ltd. now owns 8,400 shares of the bank’s stock worth $256,000 after acquiring an additional 900 shares in the last quarter. Finally, LS Investment Advisors LLC increased its holdings in BancorpSouth by 15.8% in the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the bank’s stock worth $202,000 after acquiring an additional 901 shares in the last quarter. 66.37% of the stock is owned by institutional investors.
Shares of BancorpSouth, Inc. (BXS) opened at $34.20 on Tuesday. BancorpSouth, Inc. has a one year low of $27.20 and a one year high of $34.45. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3,007.98, a price-to-earnings ratio of 20.31 and a beta of 1.40.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.56 annualized dividend and a yield of 1.64%. BancorpSouth’s dividend payout ratio (DPR) is presently 33.94%.
Several brokerages recently commented on BXS. Brean Capital reissued a “hold” rating on shares of BancorpSouth in a report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 price target on shares of BancorpSouth in a report on Thursday, October 12th. ValuEngine raised shares of BancorpSouth from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Zacks Investment Research raised shares of BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Tuesday, September 19th. Finally, Hovde Group lifted their target price on shares of BancorpSouth from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. BancorpSouth currently has a consensus rating of “Hold” and an average price target of $33.13.
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BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.
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