MetroCity Bankshares Board Approves Continuation Of Its Share Repurchase Program That Expired On September 30, 2024
Portfolio Pulse from Benzinga Newsdesk
MetroCity Bankshares has announced the continuation of its share repurchase program, allowing the company to buy back up to 925,250 shares. The program will run from October 17, 2024, to September 30, 2025.
October 16, 2024 | 7:56 pm
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MetroCity Bankshares has approved the continuation of its share repurchase program, allowing the buyback of up to 925,250 shares. This move could positively impact the stock price by reducing the number of shares outstanding.
The continuation of the share repurchase program indicates the company's confidence in its financial health and can lead to a higher stock price by reducing the supply of shares in the market. This is generally perceived positively by investors.
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