Charles Schwab Investment Management Inc. grew its holdings in shares of Bancorpsouth Bank (NYSE:BXS) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 880,503 shares of the bank’s stock after purchasing an additional 65,533 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Bancorpsouth Bank were worth $20,023,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Bancorpsouth Bank by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,613,425 shares of the bank’s stock valued at $218,610,000 after acquiring an additional 418,338 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Bancorpsouth Bank during the 2nd quarter valued at approximately $3,787,000. Silvercrest Asset Management Group LLC grew its stake in shares of Bancorpsouth Bank by 2.0% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 5,641,210 shares of the bank’s stock valued at $128,281,000 after acquiring an additional 110,712 shares during the period. Geode Capital Management LLC grew its stake in shares of Bancorpsouth Bank by 7.5% during the 1st quarter. Geode Capital Management LLC now owns 1,376,484 shares of the bank’s stock valued at $26,043,000 after acquiring an additional 96,162 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Bancorpsouth Bank by 49.3% during the 1st quarter. Invesco Ltd. now owns 269,320 shares of the bank’s stock valued at $5,096,000 after acquiring an additional 88,979 shares during the period. 62.49% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on BXS shares. ValuEngine downgraded Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Wedbush downgraded Bancorpsouth Bank from an “outperform” rating to a “neutral” rating in a research note on Monday, June 8th. Piper Sandler began coverage on Bancorpsouth Bank in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $23.00 price target for the company. Janney Montgomery Scott downgraded Bancorpsouth Bank from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Monday, June 8th. They noted that the move was a valuation call. Finally, Raymond James restated a “hold” rating on shares of Bancorpsouth Bank in a research note on Wednesday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.25.
NYSE BXS opened at $19.31 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.82. The company has a market capitalization of $1.98 billion, a P/E ratio of 9.47 and a beta of 1.39. Bancorpsouth Bank has a one year low of $17.21 and a one year high of $32.97. The stock has a 50 day moving average price of $21.42 and a 200-day moving average price of $21.20.
Bancorpsouth Bank (NYSE:BXS) last posted its earnings results on Monday, July 20th. The bank reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.24. The firm had revenue of $261.83 million during 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 period in the prior year, the company earned $0.61 EPS. As a group, equities analysts predict that Bancorpsouth Bank will post 1.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders 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 dividend yield of 3.83%. Bancorpsouth Bank’s dividend payout ratio is currently 29.48%.
Bancorpsouth Bank Company 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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