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By The Online Investor Staff, updated Thu., Sep. 18, 7:43 PM

Slide #2. Prudential Bancorp, Inc.

Company: Prudential Bancorp, Inc. (NASDAQ:PBIP)
Share Amount Authorized: 950,000
Buyback Details: Prudential Bancorp, Inc. (the "Company") (Nasdaq:PBIP) announced that its Board of Directors, at a meeting held today, approved the Company's first stock repurchase program covering up to 950,000 shares or approximately 10% of its issued and outstanding shares of common stock. The shares may be purchased in the open market or in privately negotiated transactions from time to time depending upon market conditions and other factors over a one-year period or such longer period of time as may be necessary to complete such repurchases. Repurchases are expected to commence after the one-year anniversary of the date of consummation of Prudential Mutual Holding Company's second-step conversion on October 9, 2014.

Prudential Bancorp is a bank holding company. Through its subsidiary, Prudential Savings Bank, Co. is engaged in accepting deposits and using those funds to invest in loans and securities. Co. originates various loans including single-family residential mortgage loans, construction and land development loans, non-residential or commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans and consumer loans. Co.'s deposit accounts include checking, money market, savings and certificate of deposit accounts. Co.'s primary market area is Philadelphia. As of Sep 30 2013, Co. had total assets of $607.9 million and total deposits of $542.7 million.
Open the PBIP Page at The Online Investor »

Company Name:  Prudential Bancorp Inc (New)
Sector:  Banking & Savings

Open the PBIP Page at The Online Investor (in a new window) »

September 18, 2014    7:43 PM Eastern
Quotes delayed 20 minutes

Strong Buy (4.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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