PCB Bancorp Approves 700,000-Share Buyback Through September 2027

Seeking Alpha··US·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

PCB Bancorp said Monday that it approved a program to repurchase up to 700,000 common shares through open-market or privately negotiated transactions. The buyback runs through September 22, 2027, though the company is not obligated to repurchase any shares, and the timing and pricing have yet to be determined. PCB Bancorp also plans to adopt a Rule 10b5-1 trading plan, which would allow an independent broker to execute buybacks under preset price, volume, and timing restrictions.

Impact on assets 1

Financials▲ · 1 stocks
PCB Bancorp
PCB
▲ PositiveCapitalrelevance

PCB Bancorp approved a 700,000-share buyback program through September 2027.