Waterstone Financial Board Authorizes Repurchase Of Up To An Additional 2M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Waterstone Financial's board has authorized the repurchase of up to an additional 2 million shares of common stock. This authorization, combined with the remaining 224,852 shares from the existing program, totals 2.22 million shares available for repurchase, representing about 11.2% of the company's issued and outstanding shares as of April 23, 2024.
April 23, 2024 | 9:11 pm
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Waterstone Financial has authorized a significant share repurchase program, adding 2 million shares to the existing repurchase plan, for a total of 2.22 million shares, or 11.2% of its outstanding stock.
Share repurchase programs often signal a company's confidence in its financial health and prospects, potentially leading to a positive investor sentiment and an increase in stock price in the short term. The significant percentage of outstanding shares targeted for repurchase by Waterstone Financial underscores a strong commitment to returning value to shareholders, which could positively impact the stock price.
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