other material
confidence high
sentiment positive
materiality 0.60
Bridgewater Bancshares authorizes $25M stock repurchase program, replacing prior $40M program
Bridgewater Bancshares Inc
- Board approved new $25M stock repurchase program, effective Aug 17, 2022 through Aug 16, 2024.
- Replaces $40M program (Jan 2019) that had $1.6M remaining and was set to expire Oct 2022.
- Company repurchased ~$1.6M in Q3 2022 under prior program.
- Repurchases may be made in open market or privately, subject to Rule 10b-18 and Rule 10b5-1 plans.
- Program does not obligate repurchases; may be suspended or discontinued at any time.