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 (WHO). Since then, CATY shares have increased by 4.2% and is now trading at $24.31. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for Cathay General Bancorp.

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Cathay General Bancorp.

Cathay General Bancorp will be holding an earnings conference call on Monday, July 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cathay General Bancorp (NASDAQ:CATY) announced its quarterly earnings data on Monday, April, 27th. The bank reported $0.59 EPS for the quarter, missing the Zacks' consensus estimate of $0.67 by $0.08. The bank earned $146.10 million during the quarter, compared to the consensus estimate of $145.95 million. Cathay General Bancorp had a net margin of 32.18% and a return on equity of 11.46%. During the same quarter in the previous year, the firm posted $0.83 EPS. 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 yield of 5.10%. 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 of Directors has approved a stock buyback plan on Tuesday, May 7th 2019, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

3 brokerages have issued 12 month price objectives for Cathay General Bancorp's stock. Their forecasts range from $27.00 to $39.00. On average, they anticipate Cathay General Bancorp's share price to reach $31.33 in the next year. This suggests a possible upside of 28.9% from the stock's current price. View analysts' price targets for Cathay General Bancorp.

News headlines about CATY stock have trended very negative this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cathay General Bancorp earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Cathay General Bancorp.

Cathay General Bancorp saw a drop in short interest in June. As of June 15th, there was short interest totaling 1,700,000 shares, a drop of 7.6% from the May 31st total of 1,840,000 shares. Based on an average daily volume of 511,700 shares, the short-interest ratio is presently 3.3 days. Approximately 2.3% of the company's 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), 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). View all competitors.

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 retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.27%) and Envestnet Asset Management Inc. (0.07%). 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, and Envestnet Asset Management 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.

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 $24.31.

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]