Gouverneur Bancorp, Inc. announced on December 11, 2024, that its Board of Directors approved a stock repurchase program. This program authorizes the company to repurchase up to 55,356 shares of its outstanding common stock.
The authorized amount represents 5% of the company’s outstanding common stock. Stock repurchases will be conducted through open market purchases, which may include purchases under a trading plan.
This initiative demonstrates the company's focus on enhancing shareholder value. The repurchase program allows for capital to be returned to shareholders and can signal management's belief that the company's stock is undervalued.
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