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Cathay General Bancorp Announces $150M Share Buyback

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Cathay General Bancorp Announces $150M Share Buyback

Elevate Your Investing Strategy:

Cathay General Bancorp ( (CATY) ) has provided an update.

On June 4, 2025, Cathay General Bancorp announced a new share repurchase program authorizing the buyback of up to $150 million of its common stock. This initiative follows the completion of a previous $125 million repurchase program. The timing, price, and volume of repurchases will be determined by management, and the program can be adjusted based on market conditions and other factors. This move reflects the company’s strategic financial management and could impact its stock value and shareholder returns.

The most recent analyst rating on (CATY) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Cathay General Bancorp stock, see the CATY Stock Forecast page.

Spark’s Take on CATY Stock

According to Spark, TipRanks’ AI Analyst, CATY is a Neutral.

Cathay General Bancorp has a strong financial foundation with solid revenue growth and a robust balance sheet, although profitability and cash flow generation need improvement. The stock’s technical indicators show mixed trends with potential overbought conditions. The valuation appears reasonable, offering a good dividend yield. The earnings call presented a mixed outlook, with positive net interest margin developments but challenges in income and growth guidance due to economic uncertainties.

To see Spark’s full report on CATY stock, click here.

More about Cathay General Bancorp

Cathay General Bancorp, a publicly traded company on Nasdaq under the symbol CATY, is the holding company for Cathay Bank, a state-chartered bank. Founded in 1962, it offers a wide range of financial services and operates over 60 branches across the United States and internationally, with locations in Hong Kong, Beijing, Shanghai, and Taipei.

Average Trading Volume: 461,095

Technical Sentiment Signal: Buy

Current Market Cap: $3.03B

See more data about CATY stock on TipRanks’ Stock Analysis page.

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