California State Teachers Retirement System Grows Stake in Bancorpsouth Bank (NYSE:BXS)

California State Teachers Retirement System lifted its position in Bancorpsouth Bank (NYSE:BXS) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,157 shares of the bank’s stock after purchasing an additional 3,040 shares during the period. California State Teachers Retirement System owned about 0.16% of Bancorpsouth Bank worth $3,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Founders Capital Management purchased a new position in shares of Bancorpsouth Bank in the 4th quarter worth approximately $26,000. Oregon Public Employees Retirement Fund grew its position 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 worth $36,000 after buying an additional 896,376 shares during the last quarter. Toronto Dominion Bank purchased a new position in shares of Bancorpsouth Bank in the 4th quarter worth approximately $43,000. NumerixS Investment Technologies Inc grew its position 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 worth $75,000 after buying an additional 2,400 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Bancorpsouth Bank during the 3rd quarter worth approximately $100,000. 72.84% of the stock is owned by hedge funds and other institutional investors.

NYSE BXS traded down $0.53 on Friday, hitting $29.83. The company had a trading volume of 609,260 shares, compared to its average volume of 520,762. The firm has a market cap of $2.69 billion, a PE ratio of 13.38 and a beta of 1.44. Bancorpsouth Bank has a 12-month low of $24.31 and a 12-month high of $35.45.

Bancorpsouth Bank (NYSE:BXS) last released its earnings results on Wednesday, April 17th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. Bancorpsouth Bank had a net margin of 23.10% and a return on equity of 10.34%. The business had revenue of $216.77 million during the quarter, compared to analyst estimates of $221.20 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, research analysts predict that Bancorpsouth Bank will post 2.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.17 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 2.28%. Bancorpsouth Bank’s payout ratio is currently 30.49%.

Several research firms have weighed in on BXS. Zacks Investment Research downgraded shares of Bancorpsouth Bank from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Stephens reissued a “hold” rating and set a $33.00 target price on shares of Bancorpsouth Bank in a research report on Thursday, March 21st. Brean Capital restated a “hold” rating on shares of Bancorpsouth Bank in a research note on Friday, January 25th. Finally, ValuEngine cut shares of Bancorpsouth Bank from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $33.50.

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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.

See Also: Closed-End Mutual Funds

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

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