NASDAQ:CATYCathay General Bancorp Stock Price, Forecast & News

Cathay General Bancorp's stock was trading at $23.34 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CATY shares have decreased by 2.4% and is now trading at $22.79. View which stocks have been mosted impacted by Coronavirus.

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

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, April 15th 2020. View our earnings forecast for Cathay General Bancorp.

Cathay General Bancorp (NASDAQ:CATY) released its quarterly earnings data on Wednesday, January, 22nd. The bank reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.01. The bank earned $149.86 million during the quarter, compared to the consensus estimate of $152.30 million. Cathay General Bancorp had a net margin of 34.29% and a return on equity of 12.54%. During the same quarter in the previous year, the firm earned $0.80 EPS. View Cathay General Bancorp's earnings history.

Cathay General Bancorp announced a quarterly dividend on Thursday, February 20th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.31 per share on Thursday, March 12th. This represents a $1.24 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Friday, February 28th. View Cathay General Bancorp's dividend history.

Cathay General Bancorp declared that its board has authorized a stock buyback program on Tuesday, May 7th 2019, which authorizes the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

2 Wall Street analysts have issued 1-year price objectives for Cathay General Bancorp's stock. Their forecasts range from $39.00 to $44.00. On average, they anticipate Cathay General Bancorp's stock price to reach $41.50 in the next twelve months. This suggests a possible upside of 82.1% from the stock's current price. View analysts' price targets for Cathay General Bancorp.

News headlines about CATY stock have trended very negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cathay General Bancorp earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutCathay General Bancorp.

Cathay General Bancorp saw a increase in short interest in March. As of March 13th, there was short interest totaling 2,105,500 shares, an increase of 10.2% from the February 27th total of 1,910,000 shares. Based on an average daily volume of 531,700 shares, the days-to-cover ratio is currently 4.0 days. Currently, 2.8% of the shares of the stock are short sold. View Cathay General Bancorp's Current Options Chain.

Some companies that are related to Cathay General Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and First Financial Bankshares (FFIN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cathay General Bancorp investors own include Energy Transfer LP Unit (ET), CBL & Associates Properties (CBL), Ford Motor (F), AT&T (T), Gilead Sciences (GILD), Martin Midstream Partners (MMLP), Dominion Energy (D), Oasis Petroleum (OAS), Occidental Petroleum (OXY) and SandRidge Permian Trust (PER).

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

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 $22.79.

Cathay General Bancorp has a market capitalization of $1.82 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. View additional information about Cathay General Bancorp.

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]