The announcement of a stock repurchase plan typically has a positive impact on a company's stock price, as it signals confidence in the company's financial position and future prospects. In this case, BHB's plan to repurchase up to 756,000 shares, representing 5% of its outstanding common stock, may lead to an increase in demand for its shares and a subsequent increase in its stock price. However, the actual impact will depend on factors such as the timing and amount of share repurchases, market conditions, and the company's financial performance.