Cathay General Bancorp has announced a new share repurchase program, authorizing the company to buy back up to $150 million of its common stock. This follows the completion of a previous $125 million program, where 2,905,487 shares were repurchased at an average cost of 43.02. The repurchases will be conducted based on market conditions and other factors, with potential suspension or modification of the program at any time.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.