BancorpSouth Bank Buyback
OLI recorded this information on 12/9/2020
Company:
BancorpSouth Bank
Buyback:
BXS buyback
Share Amount Authorized:
6,000,000
Buyback Details:
BancorpSouth Bank (NYSE: BXS) (BancorpSouth) announced today that its Board of Directors authorized a new share repurchase program allowing the company to purchase up to an aggregate of 6 million shares of BancorpSouth's common stock. This new share repurchase program will be effective on January 4, 2021 and will expire on December 31, 2021. Under its current share repurchase program, BancorpSouth has purchased 3,300,000 shares of the 8 million total shares authorized for repurchase. BancorpSouth may (or may not) repurchase some portion of the remaining 4,700,000 shares under the current share repurchase program on or prior to December 31, 2020.
BancorpSouth Bank conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. 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, and health and employee benefits products and services; Wealth Management, which provides credit related products; and General Corporate and Other, which includes other activities not allocated to the segments.
Preferred: BXS.PRA
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Avg. Broker Rec.
 
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Buy (3.29 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: BXS Stock Forecast Based on Zacks ABR data; powered by Xignite |
