Green Dot Corporation Buyback
OLI recorded this information on 3/13/2017
Company:
Green Dot Corporation
Buyback:
GDOT buyback
$Amount Authorized:
$50,000,000
Buyback Details:
Green Dot Corporation [NYSE: GDOT] today announced that in March 2017 it entered into a definitive agreement with Bank of America Merrill Lynch to purchase a total of $50 million of its Class A common stock under an accelerated stock repurchase transaction, with actual repurchase activity under that agreement being subject to certain conditions that have now been met.
Green Dot is a financial technology and bank holding company. Through its bank, Co. provides a set of financial products to consumers and businesses including debit, checking, credit, prepaid, and payroll cards, as well as money processing services, such as tax refunds, cash deposits and disbursements. Co. has three reportable segments: Consumer Services, which consists of deposit account program and directly through various marketing channels; Business to Business, which its partnerships with some of the U.S.'s consumer and technology companies and a payroll platform; and Money Movement Services, which focuses in facilitating the movement of cash on behalf of consumers and businesses.
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Hold (1.67 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: GDOT Stock Forecast Based on Zacks ABR data; powered by Xignite |