Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Teche Holding To Buy Back Up To 3% Of Stock

Teche Holding Co. (TSH: Quote), the holding company for Teche Federal Bank, said Friday that its Board of Directors has authorized a stock repurchase plan to repurchase up to 3%, or about 60,000 shares, of the company's common stock.

The repurchases will be made in accordance with the plan and are expected to be made from time to time in open-market and privately negotiated transactions, subject to availability of the stock, market conditions, the trading price of the stock and the Company's financial performance. Such repurchased shares may become treasury shares and utilized for general corporate and other purposes, including the issuances of shares pursuant to the Company's stock benefit plans in order to mitigate the potentially dilutive effects of such plans.

The repurchase program is expected to be completed in 12 to 18 months.

Click here to receive FREE breaking news email alerts for Teche Holdings Company and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Yukiya Amano, Director General of the International Atomic Energy Agency (IAEA), said Monday that nuclear programs of the Democratic People's Republic of Korea (DPRK) and Iran remain matters of serious concern. The head of the United Nations nuclear watchdog made the remarks at the opening of the... Stocks largely turned in a lackluster performance during trading on Monday, as traders looked ahead to the Federal Reserve's monetary policy announcement later this week. Technology stocks saw significant weakness, however, resulting in a sharp drop by the tech-heavy Nasdaq. While most Americans support President Barack Obama's decision to take action against the terrorist group ISIS, the results of a new NBC News/Wall Street Journal/Annenberg poll found that the vast majority lack confidence that the U.S. will achieve its goals.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.