Reported Earlier, Peapack-Gladstone Financial Announced During Q1 2023, The Co Authorized A New 5% Stock Repurchase Program Of Up To 890,000 Shares
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During the first quarter of 2023, the Company authorized a new 5% stock repurchase program of up to 890,000 shares. Purchases will be conducted in accordance with SEC Rule 10b-18. Mr. Kennedy noted,
During the first quarter of 2023, the Company authorized a new 5% stock repurchase program of up to 890,000 shares. Purchases will be conducted in accordance with SEC Rule 10b-18.
Mr. Kennedy noted, "We believe that repurchasing shares of our common stock at appropriate times will continue to drive additional shareholder value. While this repurchase plan was approved during the first quarter, we will proceed cautiously with regard to capital management as conditions continue to unfold."
The following are select highlights for the period ended March 31, 2023: