CALIFORNIA BANCORP ANNOUNCES INCREASE IN SHARE REPURCHASE PROGRAM
California BanCorp's board authorized an additional 1.6 million shares for repurchase, roughly 5.0% of shares outstanding, on top of the ~557,315 shares remaining under the existing program. Since the program's June 2023 inception, the company has bought back 1,042,685 shares for an aggregate $19.7 million.
Key figures
- Shares remaining prior
- 557315
- Aggregate repurchase value
- $19.7 million
- Additional shares authorized
- 1600000
- Percent of shares outstanding
- 5.0%
- Shares repurchased since inception
- 1042685
AI analysis
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