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 paid a dividend of $0.31 per share on Thursday, March 14th. This represents a $1.24 annualized dividend and a yield of 3.44%. 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 has initiated a share buyback program 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 purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Wednesday, April, 17th. The bank reported $0.83 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.80 by $0.03. The bank had revenue of $156.24 million for the quarter, compared to the consensus estimate of $153.10 million. Cathay General Bancorp had a net margin of 36.43% and a return on equity of 13.08%. During the same period in the prior year, the company posted $0.78 EPS. View Cathay General Bancorp's Earnings History.

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

2 Wall Street analysts have issued 1 year target prices for Cathay General Bancorp's stock. Their predictions range from $47.00 to $49.00. On average, they anticipate Cathay General Bancorp's stock price to reach $48.00 in the next year. This suggests a possible upside of 33.3% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cathay General Bancorp.

News stories about CATY stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. 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 news impact score of 1.5 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.

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

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), CBL & Associates Properties (CBL), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Martin Midstream Partners (MMLP), Navios Maritime Midstream Partners (NAP), Government Properties Income Trust (GOV) and Arlington Asset Investment (AI).

Cathay General Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.31%), Los Angeles Capital Management & Equity Research Inc. (0.19%), Smith Graham & Co. Investment Advisors LP (0.17%), Retirement Systems of Alabama (0.12%), First Quadrant L P CA (0.08%) and Aurora Investment Counsel (0.06%). 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 Strs Ohio, First Quadrant L P CA, First Hawaiian Bank, LS Investment Advisors LLC, Foundry Partners LLC, BNP Paribas Arbitrage SA, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC and Alpha Windward 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 bought by a variety of institutional investors in the last quarter, including Los Angeles Capital Management & Equity Research Inc., Mercer Global Advisors Inc. ADV, Mercer Global Advisors Inc. ADV, Peregrine Capital Management LLC, Douglas Lane & Associates LLC, Meeder Asset Management Inc., First Citizens Bank & Trust Co. and Smith Graham & Co. Investment Advisors LP. 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 $36.02.

Cathay General Bancorp has a market capitalization of $2.89 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]