NASDAQ:CATY - Cathay General Bancorp Stock Price, News, & Analysis

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

Cathay General Bancorp announced a quarterly dividend on Thursday, November 15th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.31 per share on Thursday, December 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, November 30th. This is an increase from Cathay General Bancorp's previous quarterly dividend of $0.24. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp announced that its Board of Directors has approved a stock repurchase program on Friday, October 26th 2018, which permits the company to repurchase $45,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Cathay General Bancorp (NASDAQ:CATY) issued its quarterly earnings results on Wednesday, October, 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' 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 last year, the business earned $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 brokerages have issued 12-month price objectives for Cathay General Bancorp's shares. Their predictions range from $43.50 to $51.00. On average, they anticipate Cathay General Bancorp's share price to reach $47.75 in the next twelve months. This suggests a possible upside of 36.1% 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.

Media stories about CATY stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing 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 1.0 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

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

Cathay General Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.47%), Vanguard Group Inc. (9.15%), Vanguard Group Inc (9.15%), Dimensional Fund Advisors LP (4.87%), Bank of New York Mellon Corp (1.62%) and LSV Asset Management (1.43%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Kelly L Chan, 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., Morgan Stanley, AQR Capital Management LLC, ClariVest Asset Management LLC, TIAA CREF Investment Management LLC, Wedge Capital Management L L P NC, Quantbot Technologies LP and Comerica Bank. 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 purchased 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., Vanguard Group Inc, Vanguard Group Inc. and Man Group plc. 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 $35.08.

Cathay General Bancorp has a market capitalization of $2.84 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]