Projo Biz Blog

Newport Bancorp completes stock repurchase

3:11 PM Thu, Jul 03, 2008 |
By John Kostrzewa    Email this author |   Email this entry

Newport Bancorp, Inc. (NFSB:Nasdaq) the holding company for Newport Federal Savings Bank, said today that that it has completed its second stock repurchase program.

The company acquired 231,721 shares, or 5%, of the Company's outstanding common stock at an average purchase price of approximately $12.45 per share.

The company's stock closed today at 1 p.m. in abbreviated Wall Street trading at $11.81 a share, off nine cents a share.

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