40,187 Shares in Carriage Services, Inc. $CSV Bought by Bank of America Corp DE

Key Points

• Bank of America purchased 40,187 shares of Carriage Services in the second quarter, worth approximately $1.54 million and representing about 0.25% of the company. Institutional investors and hedge funds collectively own 66.46% of the stock.
• Carriage Services reported quarterly EPS of $0.78, below the $0.82 consensus estimate, while revenue of $102.95 million also missed expectations. The company reaffirmed fiscal 2026 EPS guidance of $3.35–$3.55.
• Analyst sentiment is mixed, with ratings ranging from “strong sell” to “outperform”; the consensus rating is Hold with a $51 price target. The company also pays a quarterly dividend of $0.1125, or $0.45 annually, yielding about 1.4%.

Bank of America Corp DE purchased a new position in Carriage Services, Inc. (NYSE:CSV - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 40,187 shares of the company's stock, valued at approximately $1,541,000. Bank of America Corp DE owned about 0.25% of Carriage Services at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. bought a new stake in Carriage Services in the second quarter valued at about $12,505,000. Manatuck Hill Partners LLC acquired a new position in shares of Carriage Services in the 2nd quarter worth approximately $2,553,000. Legal & General Group Plc bought a new stake in shares of Carriage Services in the 2nd quarter valued at approximately $54,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Carriage Services in the 2nd quarter valued at approximately $334,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Carriage Services during the 2nd quarter valued at approximately $611,000. 66.46% of the stock is owned by institutional investors and hedge funds.

Carriage Services Price Performance

Shares of NYSE CSV opened at $31.85 on Friday. Carriage Services, Inc. has a 1-year low of $30.11 and a 1-year high of $52.10. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.29. The business's fifty day moving average price is $34.55 and its two-hundred day moving average price is $39.75. The firm has a market capitalization of $505.52 million, a PE ratio of 11.42, a P/E/G ratio of 0.62 and a beta of 0.79.

Carriage Services (NYSE:CSV - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.04). The company had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, research analysts expect that Carriage Services, Inc. will post 3.38 EPS for the current year.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 3rd were issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Carriage Services's dividend payout ratio is 16.13%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer began coverage on Carriage Services in a research note on Thursday, August 13th. They set an "outperform" rating and a $48.00 price objective on the stock. Roth Capital set a $46.00 target price on shares of Carriage Services in a report on Friday, August 7th. Weiss Ratings downgraded shares of Carriage Services from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 19th. Zacks Research lowered shares of Carriage Services from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Finally, Raymond James Financial set a $50.00 price objective on shares of Carriage Services in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $51.00.

About Carriage Services

Carriage Services, Inc is a Houston-based provider of funeral and cemetery services in the United States. The company operates funeral homes and cemeteries that serve families through the funeral, cremation and burial processes.

Its services include funeral and memorial ceremonies, cremation services, cemetery interment, burial and cremation merchandise, and related planning arrangements. Carriage Services also offers pre-need funeral and cemetery planning, allowing customers to arrange and fund services in advance.

Founded in 1991, the company has built its business through a combination of acquiring established funeral homes and cemeteries and supporting their local operations.

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