United Community Banks Authorizes $18.4M Buyback Program
Portfolio Pulse from Benzinga Newsdesk
United Community Banks has authorized a new share repurchase program of up to $18.4 million. The program is set to expire on December 31, 2022.
November 09, 2023 | 7:33 pm
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United Community Banks' new share repurchase program could potentially increase the stock's value in the short term.
Share buyback programs 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 short-term increase in UCBI's stock value.
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