Home Bancorp Says Board Approved New Share Repurchase Plan For Up To 405,000 Shares, Or Approximately 5% Of Outstanding Common Stock
Portfolio Pulse from Benzinga Newsdesk
Home Bancorp's board has approved a new share repurchase plan for up to 405,000 shares, or approximately 5% of outstanding common stock. As of September 30, 2023, there were 47,980 shares remaining that may be repurchased under the 2021 Repurchase Plan.
October 18, 2023 | 9:21 pm
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POSITIVE IMPACT
Home Bancorp has approved a new share repurchase plan. This could potentially increase the stock's value as it indicates the company's confidence in its own stock.
Share repurchase plans are often seen as a sign of a company's confidence in its own stock. By reducing the number of shares outstanding, it can increase earnings per share and potentially boost the stock's value. Therefore, this news could have a positive impact on Home Bancorp's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100