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, August 16th. Stockholders of record on Tuesday, September 4th will be given a dividend of $0.24 per share on Friday, September 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, August 31st. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp declared that its Board of Directors has approved a stock repurchase plan on Friday, October 26th 2018, which authorizes the company to buyback $45,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 1.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Cathay General Bancorp (NASDAQ:CATY) released its quarterly earnings data on Wednesday, October, 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate 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 previous year, the firm posted $0.61 EPS. View Cathay General Bancorp's Earnings History.

Cathay General Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, January 29th 2019. View Earnings Estimates for Cathay General Bancorp.

6 Wall Street analysts have issued 12-month target prices for Cathay General Bancorp's shares. Their predictions range from $43.50 to $51.00. On average, they anticipate Cathay General Bancorp's stock price to reach $47.75 in the next twelve months. This suggests a possible upside of 24.1% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cathay General Bancorp.

Headlines about CATY stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive 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 five, with scores nearest to five being the most favorable. Cathay General Bancorp earned a daily sentiment score of 1.3 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.

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

Cathay General Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.47%), Dimensional Fund Advisors LP (4.87%), Bank of New York Mellon Corp (1.62%), LSV Asset Management (1.43%), JPMorgan Chase & Co. (1.04%) and JPMorgan Chase & Co. (1.04%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Heng W Chen, Irwin Wong, 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 Prudential Financial Inc., ClariVest Asset Management LLC, Wedge Capital Management L L P NC, Quantbot Technologies LP, Comerica Bank, Strs Ohio, Rothschild & Co. Asset Management US Inc. and Opus Capital Group 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 bought by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Victory Capital Management Inc., Panagora Asset Management Inc., Man Group plc, Massachusetts Financial Services Co. MA and Dimensional Fund Advisors LP. 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 $38.48.

Cathay General Bancorp has a market capitalization of $3.10 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]