Navient (NAVI) Rewards Shareholders With New Share Buyback
Zacks Investment Research | Dec 14, 2021 05:30AM ET
Navient (NASDAQ:NAVI) Corporation industry it belongs to.
Currently, Navient carries a Zacks Rank #3 (Hold). You can see MBIN .
Washington Trust’s board of directors approved a repurchase of about 5% of its outstanding common stock or 850,000 shares. WASH’s new buyback plan expires on Dec 31, 2022.
As of Oct 31, 2021, Washington Trust had 17.3 million shares outstanding.
United Community Banks’ board of directors approved a buyback of up to $50 million of UCBI’s outstanding shares. The plan will expire on Dec 31, 2022.
The new repurchase plan replaces the previous one, which authorized United Community Banks to buy back up to $50 million shares through Dec 31, 2021.
Merchants Bancorp’s board of directors okayed the renewal and expansion of its share repurchase program of up to $75 million. The share buyback plan will expire on Dec 31, 2023.
This apart, Merchants Bancorp announced a three-for-two stock split. MBIN’s shareholders of record as of Jan 3, 2022, will be eligible to receive one additional share for every two shares they own from the company’s common stock.
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