TrustCo Bank Corp NY Announces Million Share Stock Repurchase Plan
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TrustCo Bank Corp NY has announced a stock repurchase program to buy back up to 1,000,000 shares, representing about 5% of its outstanding shares. The repurchases can occur in various forms, including open market and private transactions.
March 18, 2025 | 8:15 pm
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POSITIVE IMPACT
TrustCo Bank Corp NY's stock repurchase program could positively impact its stock price by reducing the number of shares outstanding, potentially increasing earnings per share and shareholder value.
The announcement of a stock repurchase program often leads to a positive short-term impact on the stock price as it reduces the number of shares outstanding, potentially increasing earnings per share and signaling confidence from the company's management.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100