BancorpSouth (BXS) : Silvercrest Asset Management Group scooped up 951,651 additional shares in BancorpSouth during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,419,861 shares of BancorpSouth which is valued at $106,739,643.BancorpSouth makes up approximately 1.30% of Silvercrest Asset Management Group’s portfolio.
Other Hedge Funds, Including , Balyasny Asset Management reduced its stake in BXS by selling 10,450 shares or 2.51% in the most recent quarter. The Hedge Fund company now holds 405,541 shares of BXS which is valued at $9,793,815. BancorpSouth makes up approx 0.08% of Balyasny Asset Management’s portfolio.Keeley Asset Management Corp reduced its stake in BXS by selling 138,139 shares or 10.44% in the most recent quarter. The Hedge Fund company now holds 1,185,304 shares of BXS which is valued at $28,625,092. BancorpSouth makes up approx 1.13% of Keeley Asset Management Corp’s portfolio.Thrivent Financial For Lutherans boosted its stake in BXS in the latest quarter, The investment management firm added 162,730 additional shares and now holds a total of 236,360 shares of BancorpSouth which is valued at $5,708,094. BancorpSouth makes up approx 0.03% of Thrivent Financial For Lutherans’s portfolio.Blackrock Fund Advisors reduced its stake in BXS by selling 108,641 shares or 2.41% in the most recent quarter. The Hedge Fund company now holds 4,401,520 shares of BXS which is valued at $106,296,708. BancorpSouth makes up approx 0.02% of Blackrock Fund Advisors’s portfolio.Mutual Of America Capital Management boosted its stake in BXS in the latest quarter, The investment management firm added 7,124 additional shares and now holds a total of 64,844 shares of BancorpSouth which is valued at $1,547,826. BancorpSouth makes up approx 0.03% of Mutual Of America Capital Management’s portfolio.
BancorpSouth closed down -0.23 points or -0.92% at $24.67 with 3,68,900 shares getting traded on Thursday. Post opening the session at $25, the shares hit an intraday low of $24.48 and an intraday high of $25.08 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, BancorpSouth reported $0.39 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $0.39.Analysts expectations of $ 186.79.During the same quarter in the previous year, the company posted $0.41 EPS.
Investors should note that on Jul 27, 2016, BancorpSouth announced a cash dividend of $0.1250. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 3, 2016.
Many Wall Street Analysts have commented on BancorpSouth. BancorpSouth was Upgraded by Keefe Bruyette to ” Outperform” on Jun 30, 2016.
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 Mississippi Tennessee Alabama Arkansas Texas Louisiana Florida Missouri and Illinois. The Bank and its subsidiaries provide a range of financial services to individuals and small-to-medium size businesses. The Bank operates an insurance agency subsidiary which engages in sales of insurance products. The Bank’s wealth management department offers a range of services including investment brokerage services personal trust and estate services certain employee benefit accounts and plans including individual retirement accounts and limited corporate trust functions. Its lending activities include both commercial and consumer loans. Deposits include noninterest bearing demand deposits interest bearing demand deposits savings and other time deposits.