PCB Bancorp Announces Extension Of Stock Repurchase Plan From August 2, 2024 To August 1, 2025. As Of July 24, 2024, The Co Has Repurchased And Retired 142,223 Shares Of Its Common Stock, Leaving An Aggregate Of 577,777 Shares In Authorized For Repurchase Under The Repurchase Program Amendment
Portfolio Pulse from Benzinga Newsdesk
PCB Bancorp (NASDAQ:PCB) has extended its stock repurchase plan from August 2, 2024, to August 1, 2025. As of July 24, 2024, the company has repurchased and retired 142,223 shares, leaving 577,777 shares authorized for repurchase.
July 25, 2024 | 8:46 pm
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PCB Bancorp has extended its stock repurchase plan to August 1, 2025, with 577,777 shares still authorized for repurchase. This move could support the stock price by reducing the number of shares outstanding.
Extending the stock repurchase plan indicates the company's commitment to returning value to shareholders, which can positively impact the stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
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