Teza Capital Management LLC purchased a new position in shares of BancorpSouth, Inc. (NYSE:BXS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 11,265 shares of the company’s stock, valued at approximately $350,000.
A number of other hedge funds also recently made changes to their positions in the stock. Creative Planning increased its stake in BancorpSouth by 65.6% in the third quarter. Creative Planning now owns 4,369 shares of the company’s stock worth $101,000 after buying an additional 1,730 shares during the period. Kernodle & Katon Asset Management Group LLC acquired a new stake in BancorpSouth during the third quarter worth $105,000. US Bancorp DE increased its stake in BancorpSouth by 36.3% in the third quarter. US Bancorp DE now owns 4,715 shares of the company’s stock worth $109,000 after buying an additional 1,255 shares during the period. LS Investment Advisors LLC increased its stake in BancorpSouth by 6.3% in the third quarter. LS Investment Advisors LLC now owns 5,444 shares of the company’s stock worth $126,000 after buying an additional 323 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in BancorpSouth by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 11,856 shares of the company’s stock worth $269,000 after buying an additional 1,433 shares during the period. Institutional investors own 63.13% of the company’s stock.
Shares of BancorpSouth, Inc. (NYSE:BXS) traded up 1.223% during midday trading on Tuesday, hitting $31.025. 273,673 shares of the stock traded hands. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 22.019 and a beta of 1.33. The stock has a 50-day moving average of $30.47 and a 200-day moving average of $26.64. BancorpSouth, Inc. has a 52-week low of $19.20 and a 52-week high of $32.08.
BancorpSouth (NYSE:BXS) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. BancorpSouth had a net margin of 17.41% and a return on equity of 8.70%. During the same period in the prior year, the business posted $0.33 earnings per share. On average, equities analysts predict that BancorpSouth, Inc. will post $1.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be given a $0.125 dividend. The ex-dividend date is Monday, March 13th. This represents a $0.50 annualized dividend and a yield of 1.63%. BancorpSouth’s dividend payout ratio (DPR) is 35.46%.
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BXS has been the topic of a number of research reports. Brean Capital restated a “hold” rating on shares of BancorpSouth in a report on Thursday, January 26th. Zacks Investment Research upgraded shares of BancorpSouth from a “sell” rating to a “hold” rating in a report on Friday, December 16th. JMP Securities initiated coverage on shares of BancorpSouth in a report on Thursday, February 2nd. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods downgraded shares of BancorpSouth from an “outperform” rating to a “market perform” rating and upped their price target for the company from $25.00 to $30.00 in a report on Tuesday, November 29th. Finally, Raymond James Financial, Inc. upgraded shares of BancorpSouth from an “underperform” rating to a “market perform” rating in a report on Thursday, December 22nd. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. BancorpSouth currently has a consensus rating of “Hold” and an average target price of $25.80.
In related news, insider William L. Prater sold 10,000 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $30.75, for a total value of $307,500.00. Following the completion of the sale, the insider now owns 43,367 shares in the company, valued at approximately $1,333,535.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William James Threadgill, Jr. sold 4,333 shares of the company’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $28.72, for a total transaction of $124,443.76. Following the completion of the sale, the insider now owns 31,496 shares of the company’s stock, valued at approximately $904,565.12. The disclosure for this sale can be found here. 3.93% of the stock is owned by corporate 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).
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