CB Financial Services Plans To Repurchase Up To 5% Of Its Outstanding Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
CB Financial Services announced a share repurchase program to buy back up to 5% of its outstanding common stock, totaling approximately $6.0 million. The program will end on July 25, 2025.
July 22, 2024 | 8:58 pm
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CB Financial Services plans to repurchase up to 5% of its outstanding shares, totaling approximately $6.0 million. The program will end on July 25, 2025.
Share repurchase programs typically signal management's confidence in the company's future prospects and can lead to a short-term increase in stock price due to reduced supply and increased demand.
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