New Mountain Finance (NMFC) Extends Share Buyback, Stock Up
Zacks Investment Research | Dec 27, 2021 12:24AM ET
New Mountain Finance (NASDAQ:NMFC) Corporation CADE .
United Community Banks’ board of directors approved a repurchase 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 until Dec 31, 2021.
This plan was announced in November 2020. As of Sep 30, 2021, authorization to repurchase shares worth $34.9 million was intact.
Columbia Financial announced that its board of directors approved the repurchase of up to 5 million shares or 4.6% of its outstanding shares. The plan has no expiry date.
CLBK’s new share repurchase plan was adopted after receiving the no-objection from the Federal Reserve Bank of Philadelphia. The new repurchase plan will be effective following the completion of Columbia Financial’s previous buyback program, which was announced in February 2021.
Cadence Bank announced that its board of directors authorized a share repurchase program for 2022. The board of directors has approved the buyback of up to 10 million shares of CADE.
The new share repurchase program is subject to the approval of the Federal Deposit Insurance Corporation and will be effective Jan 3, 2022. CADE’s buyback plan will expire on Dec 30, 2022.
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