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, February 21st. Investors of record on Monday, March 4th will be given a dividend of $0.31 per share on Thursday, March 14th. This represents a $1.24 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, March 1st. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp announced that its Board of Directors has authorized a share buyback plan on Friday, October 26th 2018, which permits the company to buyback $45,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Wednesday, January, 23rd. The bank reported $0.80 EPS for the quarter, meeting the Zacks' consensus estimate of $0.80. The bank earned $155.88 million during the quarter, compared to analyst estimates of $155.75 million. Cathay General Bancorp had a net margin of 37.84% and a return on equity of 13.18%. During the same quarter in the prior year, the company earned $0.61 earnings per share. View Cathay General Bancorp's Earnings History.

Cathay General Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, April 17th 2019. View Earnings Estimates for Cathay General Bancorp.

3 brokerages have issued 12 month target prices for Cathay General Bancorp's shares. Their forecasts range from $43.50 to $49.00. On average, they anticipate Cathay General Bancorp's stock price to reach $46.50 in the next year. This suggests a possible upside of 41.8% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

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.

News coverage about CATY stock has been trending somewhat negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of 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 -1.1 on InfoTrie's scale. They also gave news 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 few days.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Cathay General Bancorp investors own include Energy Transfer LP Unit (ET), Cornerstone Total Return Fund (CRF), Cornerstone Strategic Value Fund (CLM), SunCoke Energy Partners (SXCP), SandRidge Permian Trust (PER), CBL & Associates Properties (CBL), Navios Maritime Midstream Partners (NAP), Martin Midstream Partners (MMLP), Arlington Asset Investment (AI) and BP Prudhoe Bay Royalty Trust (BPT).

Cathay General Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.01%), Dimensional Fund Advisors LP (4.62%), Northern Trust Corp (2.91%), Bank of New York Mellon Corp (1.64%), Nuveen Asset Management LLC (1.55%) and Principal Financial Group Inc. (1.46%). 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 and Peter Wu. 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., Dimensional Fund Advisors LP, Thrivent Financial for Lutherans, Boston Advisors LLC, Millennium Management LLC, Amundi Pioneer Asset Management Inc., Two Sigma Investments LP and SG Americas Securities 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 and Lisa L Kim. View Insider Buying and Selling for Cathay General Bancorp.

CATY stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, BlackRock Inc., Mackenzie Financial Corp, Geode Capital Management LLC, Geode Capital Management LLC, Rhumbline Advisers and Principal Financial Group Inc.. 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 $32.79.

Cathay General Bancorp has a market capitalization of $2.64 billion and generates $719.30 million in revenue each year. The bank earns $271.89 million in net income (profit) each year or $3.34 on an earnings per share basis. Cathay General Bancorp employs 1,277 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]