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
Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016. The U.S. Food and Drug Administration has alerted health care professionals and patients of a voluntary recall of compounded multivitamin capsules containing high amounts of Vitamin D3 (Cholecalciferol), distributed nationwide by Glades Drugs in Pahokee, Florida. FDA has received reports of several... Flying is the passion for British aviatrix Tracey Curtis Taylor, and she is now on a solo flight to cross three continents and 23 countries in her own vintage open cockpit biplane. She has already crossed half of her journey from U.K. to Australia with a target to cover 13 thousand miles.
comments powered by Disqus
Follow RTT