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, May 16th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.31 per share on Thursday, June 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Friday, May 31st. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp declared that its Board of Directors has approved a share buyback program on Tuesday, May 7th 2019, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Cathay General Bancorp (NASDAQ:CATY) released its earnings results on Wednesday, April, 17th. The bank reported $0.83 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.80 by $0.03. The bank had revenue of $156.24 million for the quarter, compared to analyst estimates 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 previous year, the company earned $0.78 earnings per share. 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.

1 brokerages have issued 12 month target prices for Cathay General Bancorp's shares. Their predictions range from $47.00 to $47.00. On average, they expect Cathay General Bancorp's stock price to reach $47.00 in the next year. This suggests a possible upside of 33.2% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 1 hold 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, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news 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 news impact score of -1.8 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near future.

Some companies that are related to Cathay General Bancorp include First Financial Bankshares (FFIN), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), IBERIABANK (IBKC), Wintrust Financial (WTFC), Bank Ozk (OZK), United Bankshares (UBSI), First Hawaiian (FHB), Associated Banc (ASB) 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.97%), Dimensional Fund Advisors LP (4.41%), Principal Financial Group Inc. (3.06%), Northern Trust Corp (2.95%), LSV Asset Management (1.49%) and Geode Capital Management LLC (1.39%). 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 Public Employees Retirement Association of Colorado, Dimensional Fund Advisors LP, Amundi Pioneer Asset Management Inc., BlackRock Inc., Morgan Stanley, Martingale Asset Management L P, ClariVest Asset Management LLC and Man Group plc. 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 Principal Financial Group Inc., Ceredex Value Advisors LLC, JPMorgan Chase & Co., Acadian Asset Management LLC, Great Lakes Advisors LLC, Raymond James & Associates, Goldman Sachs Group Inc. and Hillcrest Asset Management LLC. 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 $35.29.

Cathay General Bancorp has a market capitalization of $2.84 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]