HarborOne Bancorp, Inc. Announces Share Repurchase Program; Company May Repurchase Up To 2,325,489 Shares Of Its Common Stock, Or ~5% Of The Company's Current Issued And Outstanding Shares
Portfolio Pulse from Happy Mohamed
HarborOne Bancorp, Inc. (HONE) has announced a share repurchase program, approved by its Board of Directors and regulatory authorities. The company may repurchase up to 2,325,489 shares of its common stock, approximately 5% of its current issued and outstanding shares. The repurchase program may be suspended or terminated at any time without prior notice, and it will expire on June 30, 2024.
July 05, 2023 | 12:44 pm
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HarborOne Bancorp's share repurchase program may lead to a short-term increase in the stock price due to the reduced number of shares in circulation.
Share repurchase programs often lead to a short-term increase in the stock price as they reduce the number of shares in circulation, increasing the earnings per share. However, the actual impact will depend on market conditions and the company's execution of the program.
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