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, February 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.49%. 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 stock repurchase program on Friday, October 26th 2018, which allows the company to repurchase $45,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) announced its earnings results on Wednesday, April, 17th. The bank reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.03. The bank earned $156.24 million during the quarter, compared to analyst estimates of $153.10 million. Cathay General Bancorp had a return on equity of 13.18% and a net margin of 37.84%. During the same period last year, the firm 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 brokers have issued 12 month target prices for Cathay General Bancorp's shares. Their forecasts range from $47.00 to $49.00. On average, they anticipate Cathay General Bancorp's share price to reach $48.00 in the next twelve months. This suggests a possible upside of 34.9% 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.

Media stories about CATY stock have been trending positive recently, InfoTrie reports. InfoTrie identifies positive and negative press 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 positive five, with scores closest to five being the most favorable. Cathay General Bancorp earned a coverage optimism score of 2.6 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the next few days.

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 many different of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.31%), Retirement Systems of Alabama (0.12%), Aurora Investment Counsel (0.06%), Mercer Global Advisors Inc. ADV (0.04%), Nisa Investment Advisors LLC (0.02%) and Alpha Windward LLC (0.02%). 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 Hawaiian Bank, Alpha Windward LLC and Retirement Systems of Alabama. 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 Mercer Global Advisors Inc. ADV, Peregrine Capital Management LLC, Meeder Asset Management Inc., First Citizens Bank & Trust Co., Nisa Investment Advisors LLC and Aurora Investment Counsel. 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 $35.57.

Cathay General Bancorp has a market capitalization of $2.86 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]