Guo Ji Jin Rong Bao·2025-11-22 09:15Core Viewpoint - Local listed banks are experiencing a surge in share buybacks by executives and board members, indicating confidence in their long-term investment value and potential for growth [1][2][4]. Group 1: Executive Buybacks - Changshu Bank announced plans for executives to collectively buy at least 550,000 shares within six months, with the president planning to purchase no less than 200,000 shares [2]. - Executives from Hu Nong Commercial Bank purchased a total of 259,100 shares between November 13 and November 17, spending over 2.3 million yuan [2]. - Qilu Bank reported that its executives had already completed 90% of their planned buyback amount, totaling approximately 3.15 million yuan [3]. Group 2: Investment Value - The recent buybacks are attributed to multiple factors, including the valuation prediction window, market characteristics of bank stocks, and supportive policy effects [4]. - The end of the year is seen as a favorable time for bank stock valuation, with increased certainty in bank profits and clearer bad debt pressures [4]. - New policies enhancing dividend stability and predictability have provided additional support for high-dividend bank stocks, making them attractive for buybacks [4]. Group 3: Market Performance - The banking index has risen by 10.93% this year, with several regional banks showing significant gains, such as Xiamen Bank and Qingdao Bank, which increased by 27.37% and 27.69%, respectively [5]. - Despite the strong performance, many regional banks remain undervalued, with price-to-book ratios below 1, indicating a significant undervaluation in the market [4][5]. - The current low-interest-rate environment has made regional banks with high dividend yields (over 4%) appealing as low-risk investment options [4][6].