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By The Online Investor Staff, updated Mon., Dec. 16, 1:14 AM

Slide #8. BancorpSouth Bank

Company: BancorpSouth Bank (NYSE:BXS)
Share Amount Authorized: 8,000,000
Buyback Details: BancorpSouth Bank (NYSE: BXS) (BancorpSouth) announced today that its Board of Directors has authorized a new share repurchase program to purchase up to an aggregate of 8 million shares of BancorpSouth's common stock. This new share repurchase program will become effective January 2, 2020 and will expire on December 31, 2020. Under the current share repurchase program, BancorpSouth has purchased 2,173,081 shares of the 3 million total shares authorized for repurchase. BancorpSouth may (or may not) repurchase the remaining 826,919 shares under the current share repurchase program on or prior to December 31, 2019. As a result of the successful completion of its previously announced public offering of $300 million of its 4.125% Fixed-to-Floating Rate Subordinated Notes and $172.5 million of its 5.5% Series A Non-Cumulative Perpetual Preferred Stock, BancorpSouth was able to increase the authorization under its new share repurchase program.

BancorpSouth Bank conducts commercial banking and financial services to individuals and small-to-medium size businesses. Co.'s segments are: Mortgage, which includes the mortgage banking activities of originating mortgage loans, selling mortgage loans in the secondary market and servicing the mortgage loans; Insurance Agencies, which serves as agents in the sale of commercial lines of insurance and lines of property and casualty, life, health and employee benefits products and services; Wealth Management, which includes credit related products; and General Corporate and Other, which includes other activities not allocated to the segments.

BXS SEC Filing Email Alerts Service

Preferred: BXS.PRA


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Company Name:  BancorpSouth Bank (Tupelo, MS)
Stock buyback:  BXS buyback
Website:  www.bancorpsouth.com
Sector:  Banking & Savings
Number of ETFs Holding BXS:  51
Total Market Value Held by ETFs:  $517.82M
Total Market Capitalization:  $2.83B
% of Market Cap. Held by ETFs:  18.27%
 

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December 16, 2019    1:14 AM Eastern
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Hold (2.29 out of 4)
9th percentile
(ranked lower than approx. 91% of all stocks covered)
Based on Zacks ABR data;
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