BancorpSouth Bank (NYSE:BXS) Short Interest Down 22.2% in September

BancorpSouth Bank (NYSE:BXS) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 1,750,000 shares, a drop of 22.2% from the September 15th total of 2,250,000 shares. Based on an average daily volume of 438,700 shares, the short-interest ratio is presently 4.0 days.

NYSE BXS traded down $0.04 during trading hours on Friday, hitting $21.96. The company’s stock had a trading volume of 301,368 shares, compared to its average volume of 535,874. The stock has a fifty day moving average of $20.89 and a 200 day moving average of $21.32. BancorpSouth Bank has a twelve month low of $17.21 and a twelve month high of $32.97. The firm has a market capitalization of $2.25 billion, a P/E ratio of 10.76 and a beta of 1.42. The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt-to-equity ratio of 0.12.

BancorpSouth Bank (NYSE:BXS) last announced its quarterly earnings data on Monday, July 20th. The bank reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.24. BancorpSouth Bank had a net margin of 19.19% and a return on equity of 9.33%. The business had revenue of $261.83 million for the quarter, compared to analyst estimates of $247.16 million. During the same period in the prior year, the business posted $0.61 earnings per share. On average, analysts predict that BancorpSouth Bank will post 1.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a $0.185 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.74 annualized dividend and a yield of 3.37%. BancorpSouth Bank’s dividend payout ratio (DPR) is presently 29.48%.

A number of equities analysts recently commented on the company. ValuEngine downgraded BancorpSouth Bank from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Piper Sandler decreased their price target on BancorpSouth Bank from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Raymond James reiterated a “hold” rating on shares of BancorpSouth Bank in a research note on Wednesday, September 9th. Finally, Zacks Investment Research downgraded BancorpSouth Bank from a “strong-buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Monday, October 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.08.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of BancorpSouth Bank by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 9,613,425 shares of the bank’s stock valued at $218,610,000 after acquiring an additional 418,338 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of BancorpSouth Bank in the second quarter worth approximately $3,787,000. Silvercrest Asset Management Group LLC grew its holdings in shares of BancorpSouth Bank by 2.0% in the second quarter. Silvercrest Asset Management Group LLC now owns 5,641,210 shares of the bank’s stock worth $128,281,000 after purchasing an additional 110,712 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of BancorpSouth Bank by 7.5% in the first quarter. Geode Capital Management LLC now owns 1,376,484 shares of the bank’s stock worth $26,043,000 after purchasing an additional 96,162 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of BancorpSouth Bank by 49.3% in the first quarter. Invesco Ltd. now owns 269,320 shares of the bank’s stock worth $5,096,000 after purchasing an additional 88,979 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.

BancorpSouth Bank Company Profile

BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. The company operates through Banking Services Group, Mortgage, Insurance Agencies, Wealth Management, and General Corporate and Other segments. It offers various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits.

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