Reported Earlier, Heritage Commerce Authorizes $15M Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Heritage Commerce Corp. has authorized a $15 million share repurchase program. This move is likely to impact the company's stock price in the short term.
July 26, 2024 | 6:33 am
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Heritage Commerce Corp. has authorized a $15 million share repurchase program, which is likely to positively impact the stock price in the short term.
Share repurchase programs typically reduce the number of outstanding shares, which can increase earnings per share (EPS) and often lead to a higher stock price. This move signals confidence from the company's management in its financial health.
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