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Fifth District Bancorp, Inc. Authorizes Stock Repurchase Program

1. Fifth District Bancorp announces a stock repurchase program for 555,947 shares. 2. The repurchase represents 10% of the shares currently outstanding. 3. Repurchases will occur in open market under SEC Rule 10b5-1. 4. No guarantee exists on the number of shares to be purchased. 5. The program may be suspended or discontinued at any time.

Shares Buyback
0%Current Return
VS
0%S&P 500
$13.4108/25 04:02 PM EDTEvent Start
$13.410208/26 12:21 AM EDTLatest Updated
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FAQ

Why Bullish?

Stock repurchase programs often indicate confidence and aim to enhance shareholder value. Historical examples show that similar announcements generally lead to a positive price reaction.

How important is it?

The stock repurchase program directly affects FDSB's share structure, indicating strong management confidence that may influence investor sentiment positively.

Why Short Term?

The immediate impact of the stock repurchase is expected to positively influence share price and investor sentiment short-term. Immediate market actions typically arise from such announcements, affecting stock liquidity and valuation.

Related Companies

FDSBNASDAQ
, /PRNewswire/ -- Fifth District Bancorp, Inc. (the "Company") (Nasdaq: FDSB), the holding company for Fifth District Savings Bank, announced today it has authorized a stock repurchase program for up to 555,947 shares of its common stock, representing 10% of shares currently outstanding. The Company intends to conduct the repurchases on the open market, including by means of a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors. There is no guarantee as to the number of shares that the Company may ultimately repurchase. The Company may suspend or discontinue the program at any time. About Fifth District Savings Bank Originally chartered in 1926, Fifth District Savings Bank is a federally-chartered stock savings bank that conducts its business from its main office and six branch offices located in Orleans, St. Tammany and Jefferson Parishes. Forward-Looking Statements This press release contains certain forward-looking statements about the stock repurchase program. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include the Company's inability to execute the repurchase program due to stock market conditions or otherwise. SOURCE Fifth Distirct Bancorp, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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