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
The U.S. Food and Drug Administration Thursday announced it will start regulating all tobacco products, including e-cigarettes, cigars, hookah tobacco and pipe tobacco, just like it regulates cigarettes. Under the new rules, e-cigarettes manufacturers should receive marketing authorization from the... News Corp. (NWS, NWSA) on Thursday posted a loss for the third quarter, hurt largely by lower advertising revenue at news and information segment and a stronger dollar, partly offset by growth in the digital real estate business. The New York-based media company reported a third-quarter loss of $149... Action-sports camera maker GoPro Inc. (GPRO), Thursday posted a loss for the first quarter, as revenues nearly halved and margins dropped sharply reflecting weak demand for its wearable cameras. Loss for the quarter were higher than what Wall Street analysts estimated, but revenues trumped expectations. San...
comments powered by Disqus
Follow RTT