Northfield Bancorp Approved A New $10M Stock Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Northfield Bancorp has approved a new $10 million stock repurchase program, according to an SEC filing.
June 14, 2024 | 8:39 pm
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Northfield Bancorp has approved a new $10 million stock repurchase program, which is likely to positively impact the stock price in the short term.
Stock repurchase programs typically reduce the number of shares outstanding, which can increase earnings per share and often lead to a higher stock price. The $10 million buyback indicates confidence from the company in its own stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100