Loomis Sayles & Co. L P trimmed its position in shares of Bancorpsouth Bank (NYSE:BXS) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 497,728 shares of the bank’s stock after selling 17,226 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Bancorpsouth Bank were worth $16,276,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BXS. Trexquant Investment LP purchased a new position in Bancorpsouth Bank during the second quarter worth $252,000. Strs Ohio boosted its stake in Bancorpsouth Bank by 56.9% during the second quarter. Strs Ohio now owns 9,100 shares of the bank’s stock worth $299,000 after buying an additional 3,300 shares during the period. Tower Research Capital LLC TRC boosted its stake in Bancorpsouth Bank by 323.3% during the third quarter. Tower Research Capital LLC TRC now owns 10,854 shares of the bank’s stock worth $355,000 after buying an additional 8,290 shares during the period. Sowell Financial Services LLC purchased a new position in Bancorpsouth Bank during the third quarter worth $367,000. Finally, GSA Capital Partners LLP boosted its stake in Bancorpsouth Bank by 61.4% during the third quarter. GSA Capital Partners LLP now owns 12,017 shares of the bank’s stock worth $393,000 after buying an additional 4,572 shares during the period. 74.00% of the stock is owned by institutional investors.
Several research analysts have commented on the stock. Stephens reaffirmed a “buy” rating and set a $35.00 price objective on shares of Bancorpsouth Bank in a research note on Thursday. Brean Capital reaffirmed a “hold” rating on shares of Bancorpsouth Bank in a research note on Wednesday, November 14th. ValuEngine raised shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Zacks Investment Research raised shares of Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, SunTrust Banks dropped their price objective on shares of Bancorpsouth Bank to $31.00 and set a “hold” rating for the company in a research note on Monday, October 22nd. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.50.
Bancorpsouth Bank (NYSE:BXS) last released its earnings results on Wednesday, October 17th. The bank reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. Bancorpsouth Bank had a return on equity of 10.16% and a net margin of 23.71%. The business had revenue of $213.75 million during the quarter, compared to the consensus estimate of $216.90 million. During the same period last year, the company earned $0.43 earnings per share. On average, sell-side analysts anticipate that Bancorpsouth Bank will post 2.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 2.34%. Bancorpsouth Bank’s dividend payout ratio (DPR) is 40.72%.
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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