Cathay General Bancorp Announces New $150 Million Buyback

The latest announcement is out from Cathay General Bancorp ( (CATY) ).

On April 23, 2026, Cathay General Bancorp announced that its board had adopted a new share repurchase program authorizing buybacks of up to $150 million of its common stock, to be executed in the open market or through private transactions. The move follows completion on February 4, 2026, of a prior $150 million program launched in June 2025, under which the bank repurchased 3,217,481 shares at an average price of $46.62.

Management will determine the timing, pricing and volume of repurchases based on market conditions, legal requirements and other capital allocation considerations, and may use a Rule 10b5-1 plan to facilitate trading during blackout periods. The program, which can be suspended or modified at any time, covers a share base of roughly 67.1 million outstanding shares, underscoring the board’s continued emphasis on returning capital to shareholders while retaining flexibility amid changing market and liquidity conditions.

The most recent analyst rating on (CATY) stock is a Sell with a $45.00 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 Outperform.

CATY scores well primarily on strong financial quality (high margins, low leverage, solid ROE) and attractive valuation (low P/E). Technicals are supportive with the stock trading above key moving averages and positive MACD, though momentum looks somewhat extended. The latest earnings call was constructive on margin outlook and shareholder returns, tempered by softer growth, deposit competition, and securities/credit-model headwinds.

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

More about Cathay General Bancorp

Cathay General Bancorp, traded on Nasdaq as CATY, is the holding company for Cathay Bank, a state-chartered bank offering a wide range of financial services. Founded in 1962, it operates more than 60 branches across multiple U.S. states and maintains a presence in Hong Kong, as well as representative offices in Beijing, Shanghai and Taipei.

The bank focuses on retail and commercial banking services across key U.S. metropolitan markets with meaningful ties to Asian-American communities. Its multi-state branch network and overseas offices position the company to serve cross-border clients and businesses engaged in U.S.-Asia trade and investment flows.

Average Trading Volume: 478,720

Technical Sentiment Signal: Buy

Current Market Cap: $3.59B

For detailed information about CATY stock, go to TipRanks’ Stock Analysis page.