Preferred Bank Receives Required Approvals To Begin Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Preferred Bank (PFBC) has received the necessary approvals to initiate its share repurchase program.
June 12, 2023 | 12:32 pm
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POSITIVE IMPACT
Preferred Bank's approved share repurchase program may lead to a short-term increase in stock price.
Share repurchase programs are generally seen as a positive signal for investors, as they indicate that the company believes its stock is undervalued and has confidence in its future prospects. This can lead to increased demand for the stock, driving up its price in the short term.
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