Geode Capital Management LLC Has $25.59 Million Stock Holdings in Bancorpsouth Bank (NYSE:BXS)

Geode Capital Management LLC boosted its stake in shares of Bancorpsouth Bank (NYSE:BXS) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 979,129 shares of the bank’s stock after buying an additional 119,301 shares during the period. Geode Capital Management LLC owned about 1.08% of Bancorpsouth Bank worth $25,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its stake in shares of Bancorpsouth Bank by 2,755.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 928,911 shares of the bank’s stock valued at $36,000 after buying an additional 896,376 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Bancorpsouth Bank in the 4th quarter valued at approximately $43,000. NumerixS Investment Technologies Inc grew its stake in shares of Bancorpsouth Bank by 480.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,900 shares of the bank’s stock valued at $75,000 after buying an additional 2,400 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Bancorpsouth Bank by 11.8% in the 4th quarter. Bank of Montreal Can now owns 6,467 shares of the bank’s stock valued at $169,000 after buying an additional 684 shares in the last quarter. Finally, Symons Capital Management Inc. bought a new stake in shares of Bancorpsouth Bank in the 4th quarter valued at approximately $210,000. Hedge funds and other institutional investors own 65.16% of the company’s stock.

Shares of BXS traded up $0.50 during mid-day trading on Friday, hitting $29.04. The company’s stock had a trading volume of 938,120 shares, compared to its average volume of 446,835. Bancorpsouth Bank has a one year low of $24.31 and a one year high of $35.40. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 13.02 and a beta of 1.48. The business has a 50-day moving average of $28.33.

Bancorpsouth Bank (NYSE:BXS) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The company had revenue of $216.77 million during the quarter, compared to analysts’ expectations of $221.20 million. Bancorpsouth Bank had a return on equity of 10.34% and a net margin of 23.10%. During the same period in the prior year, the business earned $0.54 earnings per share. As a group, sell-side analysts forecast that Bancorpsouth Bank will post 2.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.17 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.34%. Bancorpsouth Bank’s payout ratio is 30.49%.

Several equities research analysts recently commented on BXS shares. Zacks Investment Research cut Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Stephens cut Bancorpsouth Bank from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $33.00 to $32.00 in a research report on Wednesday, March 6th. Finally, ValuEngine cut Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $32.50.

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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Institutional Ownership by Quarter for Bancorpsouth Bank (NYSE:BXS)

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