Peregrine Capital Management LLC boosted its holdings in shares of Bancorpsouth Bank (NYSE:BXS) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,475 shares of the bank’s stock after buying an additional 2,948 shares during the period. Peregrine Capital Management LLC’s holdings in Bancorpsouth Bank were worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. First Trust Advisors LP grew its stake in Bancorpsouth Bank by 10.4% during the 1st quarter. First Trust Advisors LP now owns 157,015 shares of the bank’s stock valued at $4,431,000 after purchasing an additional 14,741 shares during the last quarter. UBS Group AG grew its stake in Bancorpsouth Bank by 253.4% during the 4th quarter. UBS Group AG now owns 96,789 shares of the bank’s stock valued at $3,041,000 after purchasing an additional 69,401 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in Bancorpsouth Bank by 5.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 114,948 shares of the bank’s stock valued at $3,611,000 after purchasing an additional 6,411 shares during the last quarter. Jane Street Group LLC grew its stake in Bancorpsouth Bank by 14.8% during the 4th quarter. Jane Street Group LLC now owns 11,670 shares of the bank’s stock valued at $367,000 after purchasing an additional 1,504 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Bancorpsouth Bank by 66.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 29,291 shares of the bank’s stock valued at $920,000 after purchasing an additional 11,642 shares during the last quarter. 62.10% of the stock is currently owned by institutional investors.
Several analysts have weighed in on the company. Piper Sandler assumed coverage on Bancorpsouth Bank in a research note on Wednesday, July 8th. They set a “neutral” rating and a $23.00 price target on the stock. ValuEngine upgraded Bancorpsouth Bank from a “sell” rating to a “hold” rating in a research note on Thursday, June 4th. SunTrust Banks upped their target price on Bancorpsouth Bank from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Janney Montgomery Scott downgraded Bancorpsouth Bank from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Monday, June 8th. They noted that the move was a valuation call. Finally, Wedbush downgraded Bancorpsouth Bank from an “outperform” rating to a “neutral” rating in a research note on Monday, June 8th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $28.00.
Bancorpsouth Bank (NYSE:BXS) last issued its quarterly earnings results on Monday, July 20th. The bank reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.24. The company had revenue of $261.83 million for the quarter, compared to the consensus estimate of $247.16 million. Bancorpsouth Bank had a return on equity of 9.33% and a net margin of 19.19%. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, research analysts predict that Bancorpsouth Bank will post 1.87 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.74 dividend on an annualized basis and a yield of 3.54%. Bancorpsouth Bank’s dividend payout ratio is currently 29.48%.
Bancorpsouth Bank Profile
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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