SR Bancorp Adopted Repurchase Program Of Up To 950,793 Shares
Portfolio Pulse from Benzinga Newsdesk
SR Bancorp has announced a share repurchase program, allowing the company to buy back up to 950,793 shares. This move is often seen as a way to return value to shareholders and can indicate that the company believes its stock is undervalued.
September 20, 2024 | 1:03 pm
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SR Bancorp has initiated a share repurchase program for up to 950,793 shares, which may suggest the company believes its stock is undervalued and aims to enhance shareholder value.
Share repurchase programs are typically viewed positively by the market as they can indicate that the company believes its stock is undervalued. This can lead to an increase in stock price as the supply of shares decreases and earnings per share potentially increase.
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