Tompkins Financial Corporation Announces 24-Month Stock Repurchase Program Of 400,000 Shares At $0.10/Share; Program Replaces The Company's Existing 400,000 Share Repurchase Program Announced On October 22, 2021
Portfolio Pulse from Benzinga Newsdesk
Tompkins Financial Corporation has announced a stock repurchase program of 400,000 shares at $0.10 per share.
July 21, 2023 | 1:03 pm
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POSITIVE IMPACT
Tompkins Financial Corporation's stock repurchase program could potentially increase the stock's value due to the reduction in shares available in the market.
Stock repurchase programs are typically seen as a positive sign as they reduce the number of shares available in the market, which can increase the stock's value. The company's decision to repurchase shares indicates confidence in its own stock, which could potentially attract investors.
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IMPORTANCE 80
RELEVANCE 100