(NASDAQ:OPBK) LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (Nasdaq; OPBK), the holding company of Open Bank (the “Bank”), announced that its Board of Directors approved a new stock repurchase program authorizing the repurchase up to 700,000 shares of its common stock (the “Repurchase Program”). The Repurchase Program is intended to be conducted in accordance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended (“Rule 10b-18”). Purchases under the Repurchase Program m
Related Questions
How will the $700,000 share repurchase impact OP Bancorp's earnings per share and valuation metrics?
What is the expected timeline and price range for the buyback, and how does it compare to the company's free float and prior repurchase programs?
Does the board's approval of this buyback signal confidence in the bank's cash flow and outlook, or could it be a defensive move amid sector pressures?