other material
confidence high
sentiment positive
materiality 0.55
OP Bancorp board authorizes repurchase of up to 750,000 shares (~5% of outstanding)
OP Bancorp
- Board approved stock repurchase program on August 24, 2023; up to 750,000 shares or ~5% of shares outstanding.
- Program runs until December 31, 2024 unless terminated earlier or maximum shares repurchased.
- Shares may be bought via open market, block trades, privately negotiated transactions, or Rule 10b5-1 plans.
- Repurchase timing and amount depend on market conditions, price, trading volume, and regulatory requirements.