NASDAQ:CATYCathay General Bancorp Stock Price, Forecast & News

Cathay General Bancorp's stock was trading at $23.34 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CATY stock has increased by 4.0% and is now trading at $24.28.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
View our earnings forecast for Cathay General Bancorp.

Cathay General Bancorp (NASDAQ:CATY) issued its earnings results on Monday, July, 27th. The bank reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.11. The bank earned $150.08 million during the quarter, compared to analysts' expectations of $144.33 million. Cathay General Bancorp had a net margin of 30.55% and a return on equity of 10.50%. During the same period in the prior year, the firm earned $0.90 earnings per share.
View Cathay General Bancorp's earnings history.

Cathay General Bancorp declared a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 2nd will be given a dividend of $0.31 per share on Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Monday, June 1st.
View Cathay General Bancorp's dividend history.

Cathay General Bancorp announced that its board has authorized a share buyback plan on Tuesday, May 7th 2019, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

3 brokers have issued 1-year target prices for Cathay General Bancorp's stock. Their forecasts range from $27.00 to $39.00. On average, they anticipate Cathay General Bancorp's stock price to reach $31.33 in the next twelve months. This suggests a possible upside of 29.0% from the stock's current price.
View analysts' price targets for Cathay General Bancorp.

News headlines about CATY stock have trended somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cathay General Bancorp earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the immediate future.
View the latest news about Cathay General Bancorp.

Some companies that are related to Cathay General Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cathay General Bancorp investors own include Energy Transfer LP Unit (ET), Ford Motor (F), Pfizer (PFE), Verizon Communications (VZ), Broadcom (AVGO), Bank of America (BAC), CBL & Associates Properties (CBL), Enterprise Products Partners (EPD), Gilead Sciences (GILD) and AT&T (T).

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

Cathay General Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (0.62%), First Trust Advisors LP (0.34%), Raymond James & Associates (0.30%), Wedge Capital Management L L P NC (0.27%), New York State Teachers Retirement System (0.22%) and Smith Graham & Co. Investment Advisors LP (0.17%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Jane H Jelenko, Kelly L Chan, Kim R Bingham and Lisa L Kim.
View institutional ownership trends for Cathay General Bancorp.

CATY stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, UBS Group AG, Comerica Bank, Texas Permanent School Fund, M&T Bank Corp, Oregon Public Employees Retirement Fund, Envestnet Asset Management Inc., and Arizona State Retirement System. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Jane H Jelenko, Kim R Bingham, and Lisa L Kim.
View insider buying and selling activity for Cathay General Bancorp.

CATY stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, WESPAC Advisors SoCal LLC, Dupont Capital Management Corp, Boston Trust Walden Corp, Duality Advisers LP, SG Americas Securities LLC, Mackay Shields LLC, and Denali Advisors LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of CATY stock can currently be purchased for approximately $24.28.

Cathay General Bancorp has a market capitalization of $1.93 billion and generates $814.02 million in revenue each year. The bank earns $279.14 million in net income (profit) each year or $3.48 on an earnings per share basis. Cathay General Bancorp employs 1,219 workers across the globe.

The official website for Cathay General Bancorp is 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]