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. Stockholders of record on Monday, December 3rd will be given a dividend of $0.31 per share on Thursday, December 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, November 30th. This is a positive change 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 has authorized 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 buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) issued its quarterly earnings data on Wednesday, October, 17th. The bank reported $0.85 EPS for the quarter, hitting analysts' consensus estimates of $0.85. The bank earned $152.92 million during the quarter, compared to analyst estimates of $153.90 million. Cathay General Bancorp had a return on equity of 12.64% and a net margin of 33.74%. During the same period in the previous year, the business 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 Tuesday, January 29th 2019. View Earnings Estimates for Cathay General Bancorp.

6 brokers have issued 12 month price objectives for Cathay General Bancorp's stock. Their predictions range from $43.50 to $51.00. On average, they anticipate Cathay General Bancorp's stock price to reach $47.75 in the next year. This suggests a possible upside of 23.6% 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.

News stories about CATY stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cathay General Bancorp earned a daily sentiment score of 1.8 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the near term.

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

Cathay General Bancorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.47%), Dimensional Fund Advisors LP (4.87%), Bank of New York Mellon Corp (1.62%), LSV Asset Management (1.43%), JPMorgan Chase & Co. (1.04%) and JPMorgan Chase & Co. (1.04%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, 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 bought 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., Man Group plc, Massachusetts Financial Services Co. MA and Dimensional Fund 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 $38.64.

Cathay General Bancorp has a market capitalization of $3.17 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]aybank.com.