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. Investors of record on Monday, June 3rd will be paid 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 3.62%. The ex-dividend date is Friday, May 31st. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp declared that its board has initiated a stock buyback program on Tuesday, May 7th 2019, which permits the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) released its earnings results on Wednesday, April, 17th. The bank reported $0.83 EPS for the quarter, topping the 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 return on equity of 13.08% and a net margin of 36.43%. During the same quarter in the prior year, the firm earned $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.

1 equities research analysts have issued 12 month price objectives for Cathay General Bancorp's shares. Their predictions range from $47.00 to $47.00. On average, they anticipate Cathay General Bancorp's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 37.2% 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.

Headlines about CATY stock have been trending neutral on Monday, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cathay General Bancorp earned a daily sentiment score of 0.5 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Cathay General Bancorp.

Cathay General Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,439,800 shares, an increase of 8.9% from the April 15th total of 2,240,800 shares. Based on an average daily trading volume, of 459,200 shares, the days-to-cover ratio is currently 5.3 days. Currently, 3.2% of the company's shares are short sold. View Cathay General Bancorp's Current Options Chain.

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

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 variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.97%), Principal Financial Group Inc. (3.06%), LSV Asset Management (1.49%), JPMorgan Chase & Co. (1.16%), Amundi Pioneer Asset Management Inc. (0.91%) and Ceredex Value Advisors LLC (0.65%). 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, Amundi Pioneer Asset Management Inc., BlackRock Inc., Martingale Asset Management L P, ClariVest Asset Management LLC, Wedge Capital Management L L P NC, Nordea Investment Management AB and California Public Employees Retirement System. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Kim R Bingham and Lisa L Kim. View Insider Buying and Selling for Cathay General Bancorp.

CATY stock was acquired 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, Hillcrest Asset Management LLC and Citigroup Inc.. 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 $34.25.

Cathay General Bancorp has a market capitalization of $2.75 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.View Additional Information About Cathay General Bancorp.

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]