Cathay General Bancorp Stock Forecast, Price & News

Cathay General Bancorp's stock was trading at $23.34 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CATY stock has decreased by 8.7% and is now trading at $21.30.
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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) released its quarterly earnings results on Monday, July, 27th. The bank reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. The bank earned $150.08 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.90 EPS.
View Cathay General Bancorp's earnings history.

Cathay General Bancorp declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.31 per share on Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date is Monday, August 31st.
View Cathay General Bancorp's dividend history.

Cathay General Bancorp announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 7th 2019, which authorizes the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

3 brokerages have issued 12-month price objectives for Cathay General Bancorp's shares. Their forecasts range from $27.00 to $39.00. On average, they expect Cathay General Bancorp's share price to reach $31.33 in the next twelve months. This suggests a possible upside of 47.1% from the stock's current price.
View analysts' price targets for 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), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) 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), Pfizer (PFE), AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Broadcom (AVGO), Bank of America (BAC), Ford Motor (F), Gilead Sciences (GILD) and Citigroup (C).

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

Cathay General Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.24%), Principal Financial Group Inc. (4.17%), Principal Financial Group Inc. (4.17%), Nuveen Asset Management LLC (2.05%), LSV Asset Management (1.51%) and Bank of New York Mellon Corp (1.50%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Jane H Jelenko, Kelly L Chan, Kim R Bingham, Lisa L Kim and Richard Sun.
View institutional ownership trends for Cathay General Bancorp.

CATY stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Victory Capital Management Inc., Nuveen Asset Management LLC, Wedge Capital Management L L P NC, Sei Investments Co., Prudential Financial Inc., LSV Asset Management, and Principal Financial Group Inc.. 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 Charles Schwab Investment Management Inc., Nordea Investment Management AB, Skandinaviska Enskilda Banken AB publ, AQR Capital Management LLC, FMR LLC, FMR LLC, Bank of Montreal Can, and First Trust Advisors LP. Company insiders that have bought Cathay General Bancorp stock in the last two years include Kelly L Chan, and Richard Sun.
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 $21.30.

Cathay General Bancorp has a market capitalization of $1.70 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]