Gerber Kawasaki Wealth & Investment Management acquired a new stake in shares of Bancorpsouth Bank (NYSE:BXS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,363 shares of the bank’s stock, valued at approximately $584,000.
A number of other large investors also recently added to or reduced their stakes in BXS. LPL Financial LLC raised its stake in shares of Bancorpsouth Bank by 22.2% in the 4th quarter. LPL Financial LLC now owns 34,713 shares of the bank’s stock worth $907,000 after buying an additional 6,307 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Bancorpsouth Bank in the 4th quarter worth $43,000. BancorpSouth Bank raised its stake in shares of Bancorpsouth Bank by 11.4% in the 4th quarter. BancorpSouth Bank now owns 540,576 shares of the bank’s stock worth $14,131,000 after buying an additional 55,529 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Bancorpsouth Bank by 480.4% in the 4th quarter. First Trust Advisors LP now owns 142,274 shares of the bank’s stock worth $3,719,000 after buying an additional 117,763 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Bancorpsouth Bank by 46.6% in the 4th quarter. Prudential Financial Inc. now owns 90,722 shares of the bank’s stock worth $2,371,000 after buying an additional 28,820 shares in the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.
Shares of NYSE BXS traded up $0.07 during mid-day trading on Friday, reaching $29.86. The company had a trading volume of 1,260,403 shares, compared to its average volume of 582,761. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 13.39 and a beta of 1.47. Bancorpsouth Bank has a 1-year low of $24.31 and a 1-year high of $35.45.
Bancorpsouth Bank (NYSE:BXS) last issued its earnings results on Wednesday, January 23rd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Bancorpsouth Bank had a return on equity of 10.43% and a net margin of 23.66%. The business had revenue of $211.91 million for the quarter, compared to analysts’ expectations of $221.38 million. During the same period in the previous year, the firm posted $0.41 EPS. As a group, sell-side analysts expect that Bancorpsouth Bank will post 2.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.28%. Bancorpsouth Bank’s dividend payout ratio is 30.49%.
A number of equities analysts recently issued reports on the company. 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 report on Wednesday, March 6th. Zacks Investment Research upgraded Bancorpsouth Bank from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Tuesday. ValuEngine upgraded Bancorpsouth Bank from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a report on Friday, January 25th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Bancorpsouth Bank has a consensus rating of “Hold” and an average price target of $33.33.
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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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