FS Bancorp, Inc. Announces Additional Share Repurchase Authorization Of Up To $5M
Portfolio Pulse from Happy Mohamed
FS Bancorp, Inc. (NASDAQ:FSBW) has announced a new stock repurchase program, authorizing the company to repurchase up to $5.0 million or 2.5% of its outstanding shares of common stock over a 12-month period until July 31, 2024. The repurchase program may be suspended, terminated or modified at any time for any reason.

August 15, 2023 | 4:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
FS Bancorp's new stock repurchase program could potentially increase the stock's price by reducing the number of shares available in the market.
Stock repurchase programs are typically seen as a positive signal by the market, as they indicate that the company believes its stock is undervalued. By reducing the number of shares available in the market, the repurchase program could potentially increase the stock's price. However, the actual impact will depend on various factors, including the overall market conditions and the company's financial performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100