Targeted repurchase

New Residential Investment Corp. Announces Authorization of Common Share Repurchase Program of Up to $200 Million

Retrieved on: 
Tuesday, February 16, 2021
Commercial Building & Real Estate, Construction & Property, Finance, Professional services, Technology, REIT, Other Technology, Residential Building & Real Estate, Stock market, Share repurchase, NRZ, Targeted repurchase

New Residential Investment Corp. (NYSE: NRZ, New Residential, the Company) announced today that the Company's Board of Directors (the Board) authorized a new share repurchase program of up to $200 million of the Company's common shares through December 31, 2021.

Key Points: 
  • New Residential Investment Corp. (NYSE: NRZ, New Residential, the Company) announced today that the Company's Board of Directors (the Board) authorized a new share repurchase program of up to $200 million of the Company's common shares through December 31, 2021.
  • The new common share repurchase program replaces the Companys previous $200 million common share repurchase program, which expired on December 31, 2020.
  • Under the program, the Company may purchase its common shares from time to time in the open market or in privately negotiated transactions.
  • The common share repurchase program may be suspended or discontinued at any time.

Radware Announces Aggregate $80 Million Share Repurchase Plan for 2021

Retrieved on: 
Tuesday, February 16, 2021
Stock market, Share repurchase, Repurchase agreement, Corporate finance, Targeted repurchase

The share repurchase plan will expire on December 31, 2021.

Key Points: 
  • The share repurchase plan will expire on December 31, 2021.
  • The plan is comprised of a combination of the remainder of the 2020 share repurchase plan and the new 2021 authorization of additional share repurchases totaling an aggregate of $80 million shares.
  • The share repurchase plan authorizes management to repurchase ordinary shares, from time to time, in open market transactions, in privately negotiated transactions or in other legally permissible ways depending on market conditions, share price, trading volume and other factors.
  • The share repurchase plan does not obligate the Company to repurchase any specific number of shares and may be suspended or terminated at any time at managements discretion.

Capital Bancorp Announces Approval of New Stock Repurchase Program

Retrieved on: 
Tuesday, February 2, 2021
Financial markets, Stock market, Finance, Financial economics, Corporate finance, Equity securities, Share repurchase, Bank holding company, Stock, Preferred stock, Repurchase agreement, Targeted repurchase

ROCKVILLE, Md., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. (the Company) (NASDAQ - CBNK), the holding company for Capital Bank, NA, today announced that its Board of Directors has approved a new stock repurchase program, which authorizes the Company to repurchase up to $7.5 millionof its outstanding common stock.

Key Points: 
  • ROCKVILLE, Md., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. (the Company) (NASDAQ - CBNK), the holding company for Capital Bank, NA, today announced that its Board of Directors has approved a new stock repurchase program, which authorizes the Company to repurchase up to $7.5 millionof its outstanding common stock.
  • We believe having the option to repurchase shares offers an effective capital management tool for building long-term shareholder value, said Ed Barry, CEO of Capital Bancorp, Inc.
  • The new stock repurchase program replaces and supersedes the previous $5.0 million stock repurchase program approved by the Board in April 2019, which concluded in the fourth quarter of 2020.
  • In connection with the prior stock repurchase program, the Company purchased an aggregate of 304,114 shares of its common stock at an average price of $10.81 per share during the twelve months ended December 31, 2020.

Woodlands Financial Services Company Announces Extension of Stock Repurchase Program

Retrieved on: 
Friday, January 29, 2021
Stock market, Corporate finance, Share repurchase, Equity securities, Stock, Targeted repurchase

WILLIAMSPORT, Pa., Jan. 29, 2021 /PRNewswire/ -- Woodlands Financial Services Company (the "Company") (OTC Pink: WDFN) today announced that the Board of Directors of the Company has authorized and approved the extension of the Company's stock repurchase program under which the Company may repurchase up to 10% of the Company's outstanding shares of common stock, or approximately 154,300 shares, in the open market, in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended.

Key Points: 
  • WILLIAMSPORT, Pa., Jan. 29, 2021 /PRNewswire/ -- Woodlands Financial Services Company (the "Company") (OTC Pink: WDFN) today announced that the Board of Directors of the Company has authorized and approved the extension of the Company's stock repurchase program under which the Company may repurchase up to 10% of the Company's outstanding shares of common stock, or approximately 154,300 shares, in the open market, in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
  • Davidson & Co. as its independent repurchasing agent to repurchase shares of its common stock on its behalf.
  • Woodlands Financial Services Company is a financial services holding company of Woodlands Bank and Woodlands Stock Corporation.
  • The Company through its subsidiaries provides commercial and consumer banking and trust services inLycomingand Clinton Counties.Additional information on Woodlands Financial Services Companyis available at www.woodlandsbank.com .

First Business Announces New $5 million Repurchase Program

Retrieved on: 
Thursday, January 28, 2021
Banking, Professional services, Finance, Stock market, Financial economics, Finance, Corporate finance, Share repurchase, Financial market, Stock, Corporations, Targeted repurchase, Buyback

The program authorizes the repurchase by the Company of up to $5 million of its outstanding shares of common stock over a period of approximately twelve months, ending on January 31, 2022.

Key Points: 
  • The program authorizes the repurchase by the Company of up to $5 million of its outstanding shares of common stock over a period of approximately twelve months, ending on January 31, 2022.
  • The Company suspended its prior share repurchase program in March 2020 due to the uncertainty surrounding the COVID-19 pandemic.
  • Through this share repurchase program we have the ability to opportunistically purchase First Business shares in the open market, while continuing to meet the needs of our clients.
  • About First Business Financial Services, Inc.
    First Business Financial Services, Inc. (Nasdaq: FBIZ) is the parent company of First Business Bank.

Prudential Bancorp, Inc. Announces Adoption of New Stock Repurchase Program

Retrieved on: 
Thursday, January 21, 2021
Financial markets, Stock market, Finance, Financial economics, Corporate finance, Share repurchase, Equity securities, Repurchase agreement, Short, Stock, Bank holding company, Targeted repurchase

PHILADELPHIA, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the Company) (Nasdaq: PBIP) announced today that its Board of Directors approved the Companys fifth stock repurchase program covering up to 390,000 shares or approximately 5% of its issued and outstanding shares of common stock, taking in account the completion of the current repurchase program.

Key Points: 
  • PHILADELPHIA, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the Company) (Nasdaq: PBIP) announced today that its Board of Directors approved the Companys fifth stock repurchase program covering up to 390,000 shares or approximately 5% of its issued and outstanding shares of common stock, taking in account the completion of the current repurchase program.
  • Repurchases are expected to commence promptly following the later of announcement of the Companys operating results for the quarter year ended December 31, 2020 or the completion of the Companys current repurchase program.
  • The actual timing, number and value of shares repurchased under the stock repurchase program will depend on a number of factors, including the market price for the Companys common stock, and general business and market conditions and applicable legal and regulatory requirements.The stock repurchase program does not obligate the Company to acquire any specific number of shares in any period.
  • Adopting the fifth stock repurchase program is one of the strategies the Board believes is integral to the effective management of our capital.

FVCBankcorp Announces Extension of Share Repurchase Program

Retrieved on: 
Thursday, January 21, 2021
Banking, Professional services, Finance, Stock market, Financial economics, Finance, Corporate finance, Money, Share repurchase, Stock, Repurchase agreement, Targeted repurchase, Tuniu

FVCBankcorp, Inc. (Nasdaq FVCB) (the Company) announced today that its Board of Directors has extended its share repurchase program that was initiated in 2020, and increased the number of shares subject to repurchase.

Key Points: 
  • FVCBankcorp, Inc. (Nasdaq FVCB) (the Company) announced today that its Board of Directors has extended its share repurchase program that was initiated in 2020, and increased the number of shares subject to repurchase.
  • Under the revised repurchase program, the Company may repurchase up to 1,080,860 shares of its common stock, or approximately 8% of its outstanding shares of common stock at December 31, 2020.
  • The repurchase program will expire on December 31, 2021, subject to earlier termination of the program by the Board of Directors.
  • The repurchase program does not obligate the Company to repurchase any shares.

Cortland Bancorp Announces Share Repurchase Program

Retrieved on: 
Thursday, January 21, 2021
Stock market, Share repurchase, Finance, Money, Bank holding company, Financial economics, Targeted repurchase

CORTLAND, Ohio, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB), the holding company for The Cortland Savings and Banking Company, today adopted a new stock repurchase program (program).

Key Points: 
  • CORTLAND, Ohio, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB), the holding company for The Cortland Savings and Banking Company, today adopted a new stock repurchase program (program).
  • Under the program, the Company is authorized to repurchase up to 200,000 of its 4,223,153 issued and outstanding shares, equating to approximately 4.7%.
  • At the time the Program expired, the Company had repurchased 146,318 shares from the 300,000 shares authorized for repurchase in 2020.
  • The 200,000 share repurchase authorization for 2021 positions the Company to enhance the value of its stock and to manage its capital.

Pacific Premier Bancorp, Inc. Announces Approval of New Stock Repurchase Program

Retrieved on: 
Tuesday, January 12, 2021
Banking, Professional services, Finance, Stock market, Financial economics, Corporate finance, Finance, Money, Share repurchase, Equity securities, Stock, Repurchase agreement, Targeted repurchase, Buyback

The Program replaces and supersedes the previous $100 million stock repurchase program approved by the Board in December 2019.

Key Points: 
  • The Program replaces and supersedes the previous $100 million stock repurchase program approved by the Board in December 2019.
  • The Company had not repurchased any shares of common stock under the previous stock repurchase program.
  • Under the new stock repurchase program, the Company may repurchase shares of common stock from time to time in open market transactions or in privately negotiated transactions as permitted under applicable rules and regulations.
  • For additional information about Pacific Premier Bancorp, Inc. and Pacific Premier Bank, visit our website: www.ppbi.com .

PhenixFIN Corporation Announces Share Repurchase Program

Retrieved on: 
Monday, January 11, 2021
Stock market, Corporate finance, Share repurchase, Equity securities, Repurchase agreement, Stock, Targeted repurchase

NEW YORK, Jan. 11, 2021 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ: PFX), a publicly traded business development company, today announced that its board of directors has approved a share repurchase program authorizing up to $15 million in share repurchases.

Key Points: 
  • NEW YORK, Jan. 11, 2021 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ: PFX), a publicly traded business development company, today announced that its board of directors has approved a share repurchase program authorizing up to $15 million in share repurchases.
  • Under the share repurchase program, the Company is authorized to repurchase from time to time its common stock in open market or other transactions, subject to applicable regulatory requirements.
  • The share repurchase program does not obligate the Company to repurchase any specific number of common shares, and may be discontinued at any time.
  • "This important decision reflects managements focus on increasing shareholder value," said David Lorber, Chairman and Chief Executive Officer of PhenixFIN.