On July 20, Southside Bancshares Board Approved a Buyback of up to 1M Shares
Portfolio Pulse from Benzinga Newsdesk
Southside Bancshares' board of directors has approved a Stock Repurchase Plan authorizing the repurchase of up to 1.0 million shares of the company's outstanding common stock.
July 25, 2023 | 9:51 am
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Southside Bancshares has approved a stock buyback plan for up to 1 million shares, which could potentially increase the stock's value.
Stock buybacks often lead to an increase in the stock's value as they reduce the number of shares in circulation, thereby increasing earnings per share. This could potentially lead to a positive impact on Southside Bancshares' stock value.
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IMPORTANCE 80
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