Nicholas Hoffman & Company LLC. bought a new stake in shares of BancorpSouth Bank (NYSE:BXS) in the fourth quarter, HoldingsChannel reports. The fund bought 11,018 shares of the bank’s stock, valued at approximately $347,000.
Several other institutional investors have also recently made changes to their positions in the business. Meeder Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 3,114 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of BancorpSouth Bank by 39.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock valued at $169,000 after purchasing an additional 1,534 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in shares of BancorpSouth Bank in the third quarter valued at approximately $202,000. Grandfield & Dodd LLC acquired a new stake in shares of BancorpSouth Bank in the third quarter valued at approximately $203,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of BancorpSouth Bank in the third quarter valued at approximately $203,000. 66.19% of the stock is owned by institutional investors and hedge funds.
BXS has been the subject of several recent research reports. Hovde Group increased their price target on BancorpSouth Bank from $32.00 to $33.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. Zacks Investment Research raised BancorpSouth Bank from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Brean Capital reaffirmed a “hold” rating on shares of BancorpSouth Bank in a report on Monday, October 30th. ValuEngine cut BancorpSouth Bank from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $34.00 price target on shares of BancorpSouth Bank in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.13.
BancorpSouth Bank (NYSE:BXS) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $184.46 million during 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 in the prior year, the business posted $0.40 earnings per share. analysts anticipate that BancorpSouth Bank will post 2.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be given a $0.14 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.56 annualized dividend and a yield of 1.73%. BancorpSouth Bank’s payout ratio is 33.74%.
About BancorpSouth Bank
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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