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, November 15th. Investors 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 yield of 3.43%. 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 buyback plan on Friday, October 26th 2018, which permits the company to repurchase $45,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) posted its quarterly earnings results on Wednesday, October, 17th. The bank reported $0.85 earnings per share for the quarter, hitting analysts' consensus estimates of $0.85. The bank had revenue of $152.92 million for the quarter, compared to the consensus estimate 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 prior year, the business posted $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 Wall Street analysts have issued 12 month target prices for Cathay General Bancorp's stock. Their forecasts range from $43.50 to $51.00. On average, they expect Cathay General Bancorp's share price to reach $47.75 in the next twelve months. This suggests a possible upside of 32.1% 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.

News coverage about CATY stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cathay General Bancorp earned a media sentiment score of 1.1 on InfoTrie's scale. They also assigned media headlines 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 several days.

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

Cathay General Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.47%), Vanguard Group Inc. (9.15%), Dimensional Fund Advisors LP (4.87%), Bank of New York Mellon Corp (1.62%), LSV Asset Management (1.43%) and JPMorgan Chase & Co. (1.04%). 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 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., Vanguard Group Inc., Man Group plc and Massachusetts Financial Services Co. MA. 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 $36.15.

Cathay General Bancorp has a market capitalization of $3.02 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]