First Federal Bancshares Authorizes Stock Repurchase

Harrison’s First Federal Bancshares of Arkansas Inc. announced on April 2 that it completed a buyback and authorized the repurchase of up to 150,638 shares, about 5 percent of its common stock.

The savings and loan holding company said in a news release that it will hold the 158,334 shares it repurchased between Nov. 16 and April 2 as treasury shares. It said it would use the shares for general corporate purposes.

For the last available quarter ended Dec. 31, the company reported total assets of $680.3 million, revenue of about $13.1 million and gross profits of $6.8 million.