NorthEast Community Bancorp, Inc. Announces Second Stock Repurchase Program Of Up To 1.509M Shares
Portfolio Pulse from Benzinga Newsdesk
NorthEast Community Bancorp, Inc. has announced a second stock repurchase program of up to 1.509 million shares. This follows their previous repurchase program and aims to return value to shareholders.

May 30, 2023 | 1:10 pm
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NorthEast Community Bancorp's second stock repurchase program of up to 1.509 million shares may lead to a short-term increase in stock price.
The announcement of a stock repurchase program typically leads to a short-term increase in stock price as it signals the company's confidence in its own stock and aims to return value to shareholders. This is the second such program for NECB, which may further boost investor confidence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100