Bank OZK Announces $200M Stock Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Bank OZK has announced a $200 million stock repurchase program, approved by its Board, which will run until July 1, 2025. The decision to repurchase shares will be based on various factors including stock price, growth expectations, capital position, and macroeconomic conditions.
July 17, 2024 | 8:04 pm
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Bank OZK's Board has approved a $200 million stock repurchase program, which is expected to positively impact the stock price by reducing the number of outstanding shares and signaling confidence in the company's financial health.
Stock repurchase programs generally lead to a reduction in the number of outstanding shares, which can increase the stock price. Additionally, such programs often signal that the company believes its stock is undervalued and has a strong financial position.
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