BankFinancial Corporation Extends Share Repurchase Program To December 15, 2024 And Expands By 200,000 Shares
Portfolio Pulse from Benzinga Newsdesk
BankFinancial Corporation (BFIN) has extended its share repurchase program from January 15, 2024, to December 15, 2024, and expanded the program by 200,000 shares. As of December 14, 2023, the total number of shares authorized for repurchase is 213,625. The repurchases will be made at management's discretion and are subject to various limitations, including market conditions and liquidity. The program does not obligate the company to purchase any specific number of shares and can be modified, suspended, or terminated at any time.
December 15, 2023 | 5:40 pm
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BankFinancial Corporation has extended and expanded its share repurchase program, which may indicate confidence by management in the company's value and could lead to a positive impact on the stock price in the short term.
Share repurchase programs often signal to the market that a company believes its stock is undervalued and that management is confident in the company's financial health. This can lead to increased investor confidence and a potential short-term increase in the stock price. However, the impact may be moderated by the fact that the repurchase is not obligatory and is subject to various market conditions.
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