logo
Share SHARE
FONT-SIZE Plus   Neg

Provident Financial Announces New Stock Buyback Program

Provident Financial Holdings, Inc. (PROV), the holding company for Provident Savings Bank, F.S.B., said Thursday that its Board of Directors authorized the repurchase of up to 5% of the company's common stock, or about 522,523 shares.

The company said it will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period depending on market conditions, the capital requirements of the Company, and available cash that can be allocated to the stock repurchase plan, among other considerations.

The March 2013 stock repurchase program is effective immediately, since the company has completed the April 2012 stock repurchase program by purchasing the remaining 160,534 shares during the quarter ending March 31, 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Struggling fast-food giant McDonald's is trying to woo back customers to its stores with a new concept called "Experience of the Future." According to reports, as part of its "Experience of the Future" initiative McDonald's is planning to upgrade and renovate its restaurants that will provide modern... Facebook might be launching smart speakers with a touch panel next year. The touch screen could be used for 15-inch display of imageries. According to reports Facebook has already begun the pilot production in China. The new device is expected to be launched in the first quarter of 2018. Britain is the latest nation to announce that it will end the sale of new petrol and diesel cars in an effort to reduce air pollution. Britain said it will ban the sale of new petrol and diesel cars from 2040. In early July, France said it plans to end sales of all petrol and diesel vehicles in the country by 2040 as part of a plan to meet its targets under the Paris climate accord.
comments powered by Disqus
Follow RTT