The bulk (body) should be connected to the source. Consider
the case that you tie source to PGND and body to AGND,
and have 1V of PGND bounce. The negative PGND bounce
would stand a very bad chance of lighting up the parasitic
BJT (or maybe it, and some of its friends, latching up).
I would recommend stiff body guardrings tied hard to the close-in
source metallization. In a high current design this may not
cost you much, as fat metal is liable to set the cell pitch.