Bank of Montreal Can lowered its stake in shares of BancorpSouth, Inc. (NYSE:BXS) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 78,681 shares of the bank’s stock after selling 1,960 shares during the period. Bank of Montreal Can’s holdings in BancorpSouth were worth $2,399,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in BancorpSouth by 17,271.2% in the first quarter. BlackRock Inc. now owns 9,111,731 shares of the bank’s stock valued at $275,630,000 after buying an additional 9,059,278 shares during the last quarter. Vanguard Group Inc. raised its stake in BancorpSouth by 5.0% in the first quarter. Vanguard Group Inc. now owns 6,965,034 shares of the bank’s stock valued at $210,692,000 after buying an additional 331,845 shares during the last quarter. State Street Corp raised its stake in BancorpSouth by 3.5% in the first quarter. State Street Corp now owns 4,575,811 shares of the bank’s stock valued at $138,422,000 after buying an additional 155,635 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in BancorpSouth by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,141,704 shares of the bank’s stock valued at $125,288,000 after buying an additional 101,542 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in BancorpSouth by 57.6% in the first quarter. JPMorgan Chase & Co. now owns 1,896,088 shares of the bank’s stock valued at $57,356,000 after buying an additional 692,989 shares during the last quarter. Institutional investors own 66.96% of the company’s stock.
BancorpSouth, Inc. (BXS) traded down 1.471% during mid-day trading on Friday, reaching $28.475. The company’s stock had a trading volume of 123,189 shares. The firm’s 50 day moving average price is $30.27 and its 200 day moving average price is $30.28. BancorpSouth, Inc. has a 12-month low of $22.23 and a 12-month high of $32.40. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 17.534 and a beta of 1.39.
BancorpSouth (NYSE:BXS) last posted its earnings results on Wednesday, July 19th. The bank reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The company had revenue of $185.61 million for the quarter, compared to the consensus estimate of $187.78 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, equities analysts predict that BancorpSouth, Inc. will post $1.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.14 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.94%. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. BancorpSouth’s payout ratio is currently 30.86%.
BXS has been the topic of several recent research reports. Piper Jaffray Companies restated a “hold” rating and set a $31.00 price target on shares of BancorpSouth in a report on Friday, July 21st. Jefferies Group LLC restated a “hold” rating and set a $33.00 price target on shares of BancorpSouth in a report on Friday, May 5th. BidaskClub lowered BancorpSouth from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Stephens restated a “buy” rating on shares of BancorpSouth in a report on Wednesday, April 19th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 price target on shares of BancorpSouth in a report on Monday, June 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $31.67.
In other BancorpSouth news, Director James Elbert Campbell III bought 7,000 shares of BancorpSouth stock in a transaction on Thursday, May 18th. The shares were bought at an average price of $28.93 per share, for a total transaction of $202,510.00. Following the completion of the transaction, the director now directly owns 133,392 shares of the company’s stock, valued at $3,859,030.56. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 2.63% of the stock is owned by insiders.
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), 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.
Want to see what other hedge funds are holding BXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BancorpSouth, Inc. (NYSE:BXS).
Receive News & Ratings for BancorpSouth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancorpSouth Inc. and related companies with MarketBeat.com's FREE daily email newsletter.