HarborOne Bancorp Announces Share Repurchase Program For Up To 2.2M Shares, Not Exceeding $20M
Portfolio Pulse from Benzinga Newsdesk
HarborOne Bancorp (HONE) has announced a share repurchase program for up to 2.2 million shares, with a total value not exceeding $20 million.
May 29, 2024 | 8:52 pm
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POSITIVE IMPACT
HarborOne Bancorp (HONE) has announced a share repurchase program for up to 2.2 million shares, with a total value not exceeding $20 million. This move is likely to positively impact the stock price in the short term as it indicates confidence in the company's financial health and can reduce the number of shares outstanding, potentially increasing earnings per share.
Share repurchase programs are generally viewed positively by investors as they indicate the company's confidence in its financial health and can lead to an increase in earnings per share by reducing the number of shares outstanding. This announcement is likely to result in a short-term positive impact on HONE's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100