other material
confidence high
sentiment positive
materiality 0.60
CB Financial authorizes $10M share repurchase, up to 8.4% of outstanding shares
CB Financial Services, Inc.
- Program authorizes repurchase of up to $10M of common stock, representing ~8.4% of outstanding shares.
- At $23.07 closing price on April 19, 2022, full buyback would repurchase 433,463 shares.
- Repurchases commence after Q1 2022 earnings release, expected in late April.
- Repurchases may be executed under Rule 10b5-1 plan to allow activity during trading blackouts.