BancorpSouth launches stock repurchase program

Tupelo, Miss.-based BancorpSouth Inc.’s (NYSE: BXS) Board of Directors authorized a stock repurchase program through Nov. 30, 2016.

The authorization allows the holding company of six BancorpSouth branches in Springfield to purchase an aggregate of 6 percent of its outstanding common stock, or 5.8 million shares, according to a news release.

Share purchases would be made periodically at prevailing market prices.

As of 10:22 a.m., BXS shares were trading at $21.32, compared to a 52-week range of $19.22 to $26.24.