Wesbanco Bank Inc. bought a new position in Bancorpsouth Bank (NYSE:BXS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,345 shares of the bank’s stock, valued at approximately $742,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in Bancorpsouth Bank by 3.1% in the fourth quarter. BlackRock Inc. now owns 9,251,355 shares of the bank’s stock worth $290,955,000 after acquiring an additional 277,464 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in Bancorpsouth Bank by 20.9% in the fourth quarter. King Luther Capital Management Corp now owns 513,949 shares of the bank’s stock worth $16,164,000 after acquiring an additional 88,716 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Bancorpsouth Bank by 39.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,375 shares of the bank’s stock worth $169,000 after acquiring an additional 1,534 shares during the last quarter. BancorpSouth Bank bought a new position in Bancorpsouth Bank in the fourth quarter worth about $20,913,000. Finally, Paloma Partners Management Co lifted its holdings in Bancorpsouth Bank by 9.1% in the fourth quarter. Paloma Partners Management Co now owns 25,511 shares of the bank’s stock worth $802,000 after acquiring an additional 2,128 shares during the last quarter. 70.66% of the stock is currently owned by hedge funds and other institutional investors.
BXS opened at $34.25 on Friday. The company has a market cap of $3.13 billion, a PE ratio of 19.14 and a beta of 1.41. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.02. Bancorpsouth Bank has a twelve month low of $27.20 and a twelve month high of $35.55.
Bancorpsouth Bank (NYSE:BXS) last released its quarterly earnings results on Wednesday, April 18th. The bank reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The company had revenue of $217.01 million for the quarter, compared to analysts’ expectations of $210.65 million. Bancorpsouth Bank had a return on equity of 9.49% and a net margin of 20.58%. During the same quarter in the previous year, the company posted $0.39 earnings per share. analysts anticipate that Bancorpsouth Bank will post 2.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.64%. Bancorpsouth Bank’s dividend payout ratio (DPR) is presently 33.53%.
BXS has been the topic of a number of recent research reports. ValuEngine cut shares of Bancorpsouth Bank from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Brean Capital reaffirmed a “hold” rating on shares of Bancorpsouth Bank in a report on Monday, April 16th. Zacks Investment Research cut Bancorpsouth Bank from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Stephens reaffirmed a “buy” rating and set a $36.00 price target on shares of Bancorpsouth Bank in a report on Friday, April 20th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $37.00 price target on shares of Bancorpsouth Bank in a report on Friday, April 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.13.
About Bancorpsouth Bank
BancorpSouth Bank operates as a financial holding company for BancorpSouth Bank that 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.
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