Home Federal Bancorp Of Louisiana Announces Approval Of Stock Repurchase Program Of Up To 100K Shares, Or ~3% Of The Co's Outstanding Common Stock From Time To Time, In Open Market Or Privately Negotiated Transactions
Portfolio Pulse from Benzinga Newsdesk
Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL) announced a stock repurchase program for up to 100,000 shares, approximately 3% of its outstanding common stock. The program has no expiration date and allows for repurchases in open market or privately negotiated transactions.
November 01, 2024 | 8:49 pm
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Home Federal Bancorp has initiated a stock repurchase program for up to 100,000 shares, representing about 3% of its outstanding stock. This move could positively impact the stock price by reducing the number of shares available in the market.
The stock 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. This is a common strategy to return value to shareholders and can signal that the company believes its stock is undervalued.
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