logo
Share SHARE
FONT-SIZE Plus   Neg

Simplicity Bancorp Announces Fourth Stock Buyback Program

Simplicity Bancorp, Inc. (SMPL), the holding company for Simplicity Bank, said Friday that its Board of Directors authorized the fourth stock repurchase program pursuant to which the company plans to repurchase up to 5% of its issued and outstanding shares upon completion of the third stock repurchase program, or up to about 413,081 shares.

The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company's liquidity requirements and alternative uses of capital.

Since November 30, 2011, the company has repurchased about 1.35 million shares at prices ranging from $12.00 to $15.44 per share with an average price of $14.29 per share. There are 24,145 shares remaining to be repurchased under the previous repurchase programs.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Volkswagen plans to invest about 22.8 billion euros in its core brand from 2018 to 2022, with main focus on e-mobility and modularization. In a statement on Saturday, the German automaker announced that the investments, as part of the brand's Transform 2025+ strategy, will significantly boost the brand's largest product and technology offensive. Health IQ Insurance Services, a startup focused on providing life insurance for health-conscious individuals, said it has secured $34.6 million in Series C funding, led by Andreessen Horowitz. To date, the company has raised a total of $81 million in funding mostly from its existing investors. General Motors Co. is recalling nearly 49,000 trucks worldwide to fix a fuel tank issue that can increase the risk of a fire. The recall covers Chevrolet Silverado 3500 and GMC Sierra 3500 trucks from the 2011 through 2015 model years, all equipped with dual fuel tanks.
comments powered by Disqus
Follow RTT