Keeley Teton Advisors LLC lessened its stake in BancorpSouth, Inc. (NYSE:BXS) by 19.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 617,981 shares of the bank’s stock after selling 147,730 shares during the quarter. Keeley Teton Advisors LLC owned about 0.68% of BancorpSouth worth $19,806,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of BancorpSouth by 113.9% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,533,650 shares of the bank’s stock valued at $49,153,000 after purchasing an additional 816,760 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of BancorpSouth by 50.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,181,986 shares of the bank’s stock valued at $37,883,000 after purchasing an additional 397,740 shares during the last quarter. State Street Corp boosted its stake in shares of BancorpSouth by 6.8% in the 2nd quarter. State Street Corp now owns 4,886,258 shares of the bank’s stock valued at $149,028,000 after purchasing an additional 310,447 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of BancorpSouth in the 2nd quarter valued at about $6,063,000. Finally, Northern Trust Corp boosted its stake in shares of BancorpSouth by 8.2% in the 2nd quarter. Northern Trust Corp now owns 2,583,338 shares of the bank’s stock valued at $78,792,000 after purchasing an additional 196,469 shares during the last quarter. Hedge funds and other institutional investors own 66.37% of the company’s stock.
BancorpSouth, Inc. (NYSE BXS) opened at $33.15 on Wednesday. BancorpSouth, Inc. has a one year low of $27.20 and a one year high of $34.45. The firm has a market cap of $3,089.28, a P/E ratio of 20.85 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, December 14th. BancorpSouth’s payout ratio is currently 33.94%.
BXS has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $33.00 target price on shares of BancorpSouth in a research note on Friday, October 20th. Brean Capital reissued a “hold” rating on shares of BancorpSouth in a research note on Monday, October 30th. ValuEngine lowered shares of BancorpSouth from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $32.00 price objective on shares of BancorpSouth in a research note on Thursday, October 12th. Finally, Piper Jaffray Companies reissued a “neutral” rating and set a $31.00 price objective on shares of BancorpSouth in a research note on Thursday, October 5th. 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’s stock. The stock has an average rating of “Hold” and a consensus price target of $33.13.
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BancorpSouth Company Profile
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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