Columbia Financial, Inc. Announces Stock Repurchase Program To Acquire 2M Shares Of The Company's Outstanding Common Stock
Portfolio Pulse from Happy Mohamed
Columbia Financial, Inc. (NASDAQ:CLBK) has announced a new stock repurchase program to acquire up to 2 million shares, or approximately 1.9% of the company's outstanding common stock. This follows the completion of its fifth stock repurchase program, which authorized the purchase of up to 3 million shares at a cost of $57.7 million.
May 25, 2023 | 12:38 pm
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Columbia Financial announces a new stock repurchase program to acquire up to 2 million shares, potentially increasing shareholder value.
The announcement of a new stock repurchase program by Columbia Financial indicates the company's commitment to financial discipline and enhancing shareholder value. This could lead to an increase in demand for the stock, driving the price up in the short term.
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