CB Financial Services Authorizes New Stock Repurchase Program For Up To 5% Of Outstanding Common Stock; Program To Terminate On July 25, 2025, Regardless Of Purchase Completion
Portfolio Pulse from Benzinga Newsdesk
CB Financial Services has authorized a new stock repurchase program for up to 5% of its outstanding common stock. The program will terminate on July 25, 2025, regardless of whether the purchase is completed.
July 22, 2024 | 8:45 pm
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CB Financial Services has announced a stock repurchase program for up to 5% of its outstanding common stock, which will end on July 25, 2025. 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 available in the market.
Stock repurchase programs generally signal that a company believes its stock is undervalued and is confident in its financial stability. This can lead to a positive short-term impact on the stock price as it reduces the number of shares available in the market, potentially increasing earnings per share.
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