Citizens & Northern Says Under Newly Approved Treasury Stock Repurchase Program, Co Authorized To Repurchase Up To 750,000 Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Citizens & Northern Corporation has announced a new treasury stock repurchase program, under which the company is authorized to repurchase up to 750,000 shares of its common stock. This follows the recent completion of a previous repurchase plan. The new program will be effective when publicly announced and will continue until suspended or terminated by the Board of Directors.
September 25, 2023 | 7:13 pm
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Citizens & Northern Corporation's new stock repurchase program could potentially increase the stock's price in the short term as it reduces the number of shares in circulation.
Stock repurchase programs are often seen as a sign of a company's confidence in its own stock, and can lead to a short-term increase in the stock's price as the number of shares in circulation is reduced. However, the long-term impact will depend on the company's future performance and market conditions.
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