C&F Financial Corporation Reauthorizes Share Repurchase Program Of Up To $10M Of The Corporation's Common Stock Through December 31, 2024
Portfolio Pulse from Benzinga Newsdesk
C&F Financial Corporation (NASDAQ:CFFI) has reauthorized a share repurchase program to buy back up to $10 million of its common stock through December 31, 2024. The repurchases may occur via private transactions or the open market, subject to market conditions and legal requirements. The previous repurchase program, also for $10 million, will expire at the end of 2023, under which 135,327 shares have been bought back for $7.5 million since December 2022.
December 20, 2023 | 8:37 pm
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C&F Financial Corporation has reauthorized a share repurchase program for up to $10 million of its common stock, signaling confidence in the company's value and potentially supporting the stock price.
Share repurchase programs often indicate a company's belief that its stock is undervalued and can lead to a reduction in the number of shares outstanding, potentially increasing earnings per share and the stock price. However, the actual impact will depend on the execution of the program and market conditions.
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