Western New England Bancorp May Repurchase Up To 1M Shares Of Common Stock Upon Completion Of 2022 Plan
Portfolio Pulse from Benzinga Newsdesk
Western New England Bancorp (WNEB) announced plans to repurchase up to 1 million shares of its common stock upon the completion of its 2022 plan.
May 22, 2024 | 8:39 pm
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Western New England Bancorp plans to repurchase up to 1 million shares of its common stock, which could positively impact the stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
Stock repurchase programs generally reduce the number of shares outstanding, which can lead to an increase in earnings per share and potentially boost the stock price. This announcement is likely to be viewed positively by investors.
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