Community West Bancshares Authorizes Extension To Stock Repurchase Plan Until August 31, 2025
Portfolio Pulse from Happy Mohamed
Community West Bancshares (NASDAQ:CWBC) has extended its stock repurchase plan until August 31, 2025. The remaining balance available for common stock repurchase from the authorized $4.5 million is $1,435,783.
August 30, 2023 | 1:15 pm
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Community West Bancshares has extended its stock repurchase plan until 2025, with $1,435,783 remaining for repurchase.
Stock repurchase plans are generally seen as a positive signal by the market as they indicate that the company believes its stock is undervalued. This extension could therefore lead to a positive impact on CWBC's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100