Standard AVB Financial Corp. Announces a Stock Repurchase Program
STANDARD AVB FINANCIAL CORP COMMON (STND)
US:NASDAQ Investor Relations:
standardbankpa.com/sfc-investor-relations
Company Research
Source: GlobeNewswire
MONROEVILLE, Pa., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Standard AVB Financial Corp. (the “Company”) - (NASDAQ: STND), the holding company for Standard Bank, PaSB, today announced that its Board of Directors approved a new stock repurchase program. The new stock repurchase program is to be implemented upon the completion of the Company’s current stock repurchase program. There are 101,211 shares that remained available for repurchased under the Company’s current stock repurchase program. Pursuant to the new stock repurchase program, the Company may repurchase up to an additional 230,000 shares of its common stock, or approximately 5% of its current outstanding shares. Timothy K. Zimmerman, CEO, noted, “The continued repurchase of our common stock represents our long-term commitment to enhancing shareholder value. We intend to repurchase our common stock to the extent we believe that our stock price makes repurchases an attractive use of capital.” Standard AVB Financial Corp.
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