Gotta love Collins' thinking; a stock repurchase plan to fund the stock incentive plan "avoiding unnecessary dilution.." Wall Streetr views stock repurchase a a sign of company strength... and bullish. Also noted, Chicopee Bancorp Volume has evaporated. I believe the prices of these to respective stocks will cross... with UBNK trending upwards. Just my optimistic two cents.
This is unfolding perfectly. I agree, that the Stock Repurchase Plan is further evidence of the value/growth story that management perceives.
As noted by another poster, this Bank has a similar footprint to Rockville Bank. I'm betting 14's are in the short-term future. To me THAT is the "easy money".
When we hit 14-15, a part of me WILL be tempted to take some profit. However, with the Savings Bank of Manchester (Now New Alliance), I booked a nifty gain (Double) only to miss out on the HUGE gain (5 Bagger). There are other examples of bank IPO's where I did the same darn thing.
At these prices, this is a strong buy with low risk, and that's the fun and easy part, IMO.