For the second time in three months, IBS Financial Corp. announced a new stock buyback plan.

The $750 million-asset company, parent of Inter-Boro Savings and Loan Association, said last week that under the plan it will repurchase up to 496,795 shares during the next nine months.

That's 5% of its outstanding common stock. The plan announced in November was also for 5% of outstanding stock.

Buybacks have been "a big tool ... for capital management," said Martin Friedman, senior vice president and analyst at Friedman, Billings, Ramsay & Co. in Arlington, Va.

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