United Financial to repurchase more shares
United Financial Bancorp to repurchase up to 5 pct of its outstanding shares under new plan
- On 4:48 pm EDT, Friday October 16, 2009
WEST SPRINGFIELD, Mass. (AP) -- United Financial Bancorp Inc., the holding company for United Bank, said Friday it plans to buy back up to 798,055, or 5 percent, of its outstanding shares under a new stock repurchase plan.
The company said the share buyback program -- its fifth since the company went public -- will follow its current stock repurchase plan, which was approved Feb. 19 and began Feb. 25.
United Financial has repurchased of a total of 632,800 shares at an average price of $12.89 per share under its current program. The company currently has 208,338 shares remaining under its existing program.
Shares of the company gained 23 cents, or nearly 2 percent, to $12.38 in afternoon trading.
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