NASDAQ:CATY - Cathay General Bancorp Stock Price, News, & Analysis

Cathay General Bancorp trades on the NASDAQ under the ticker symbol "CATY."

Cathay General Bancorp declared a quarterly dividend on Thursday, November 15th. Investors of record on Monday, December 3rd will be given a dividend of $0.31 per share on Thursday, December 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, November 30th. This is a positive change from Cathay General Bancorp's previous quarterly dividend of $0.24. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp announced that its Board of Directors has initiated a share buyback program on Friday, October 26th 2018, which authorizes the company to buyback $45,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 1.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Cathay General Bancorp (NASDAQ:CATY) announced its quarterly earnings results on Wednesday, October, 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.85. The bank had revenue of $152.92 million for the quarter, compared to analyst estimates of $153.90 million. Cathay General Bancorp had a net margin of 33.74% and a return on equity of 12.64%. During the same period in the prior year, the company earned $0.61 earnings per share. View Cathay General Bancorp's Earnings History.

Cathay General Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, January 23rd 2019. View Earnings Estimates for Cathay General Bancorp.

Cathay General Bancorp will be holding an earnings conference call on Wednesday, January 23rd at 6:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8557613186.

4 Wall Street analysts have issued 1 year price objectives for Cathay General Bancorp's shares. Their predictions range from $43.50 to $51.00. On average, they expect Cathay General Bancorp's stock price to reach $47.6250 in the next twelve months. This suggests a possible upside of 28.2% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cathay General Bancorp.

News coverage about CATY stock has trended very positive this week, InfoTrie reports. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cathay General Bancorp earned a news impact score of 3.7 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future.

Some companies that are related to Cathay General Bancorp include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Investors Bancorp (ISBC), First Financial Bankshares (FFIN), Wintrust Financial (WTFC), IBERIABANK (IBKC), Glacier Bancorp (GBCI), United Bankshares (UBSI), Bank Ozk (OZK) and Associated Banc (ASB).

Cathay General Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.27%), Boston Advisors LLC (0.05%), Bowling Portfolio Management LLC (0.04%), Louisiana State Employees Retirement System (0.03%) and Alpha Windward LLC (0.02%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Kelly L Chan, Kim R Bingham, Lisa L Kim, Patrick Lee, Peter Wu and Ting Y Liu. View Institutional Ownership Trends for Cathay General Bancorp.

CATY stock was sold by a variety of institutional investors in the last quarter, including Boston Advisors LLC, Louisiana State Employees Retirement System and Alpha Windward LLC. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Irwin Wong, Kim R Bingham, Lisa L Kim and Peter Wu. View Insider Buying and Selling for Cathay General Bancorp.

CATY stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC and Bowling Portfolio Management LLC. View Insider Buying and Selling for Cathay General Bancorp.

Shares of CATY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CATY stock can currently be purchased for approximately $37.14.

Cathay General Bancorp has a market capitalization of $2.89 billion and generates $612.45 million in revenue each year. The bank earns $176.04 million in net income (profit) each year or $2.46 on an earnings per share basis. Cathay General Bancorp employs 1,271 workers across the globe.

The official website for Cathay General Bancorp is http://www.cathaybank.com.

Cathay General Bancorp's mailing address is 777 N BROADWAY, LOS ANGELES CA, 90012. The bank can be reached via phone at 213-625-4700 or via email at [email protected]