Central Plains Bancshares Adopts Repurchase Program Of Up To 200K Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Central Plains Bancshares, Inc. (CPBI) has announced a stock repurchase program to buy back up to 200,000 shares, representing about 5% of its outstanding shares. The repurchases will occur after the company's trading blackout period ends.
October 28, 2024 | 8:33 pm
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Central Plains Bancshares has initiated a stock repurchase program for up to 200,000 shares, which is approximately 5% of its outstanding shares. This move is likely to positively impact the stock price as it indicates confidence in the company's value.
Stock repurchase programs often lead to a positive impact on stock prices as they reduce the number of shares available in the market, potentially increasing earnings per share and indicating management's confidence in the company's value.
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