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. Shareholders 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 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend 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 declared that its board has initiated a stock buyback plan on Friday, October 26th 2018, which authorizes the company to buyback $45,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) released its quarterly earnings data on Wednesday, January, 23rd. The bank reported $0.80 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.80. The bank had revenue of $155.88 million for the quarter, compared to the consensus estimate of $155.75 million. Cathay General Bancorp had a return on equity of 13.18% and a net margin of 37.84%. During the same quarter last 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 Wednesday, April 17th 2019. View Earnings Estimates for Cathay General Bancorp.

3 brokerages have issued 1-year target prices for Cathay General Bancorp's stock. Their forecasts range from $43.50 to $49.00. On average, they expect Cathay General Bancorp's stock price to reach $46.50 in the next year. This suggests a possible upside of 17.6% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating 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 this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news 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 1.7 on InfoTrie's scale. They also gave news headlines 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 company's share price in the immediate future.

Some companies that are related to Cathay General Bancorp include East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH), Popular (BPOP), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Investors Bancorp (ISBC), IBERIABANK (IBKC), First Financial Bankshares (FFIN), Wintrust Financial (WTFC), Bank Ozk (OZK), United Bankshares (UBSI), 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), Cornerstone Strategic Value Fund (CLM), SunCoke Energy Partners (SXCP), SandRidge Permian Trust (PER), CBL & Associates Properties (CBL), Navios Maritime Midstream Partners (NAP), Martin Midstream Partners (MMLP), Arlington Asset Investment (AI) and BP Prudhoe Bay Royalty Trust (BPT).

Cathay General Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.01%), Dimensional Fund Advisors LP (4.62%), Northern Trust Corp (2.91%), Bank of New York Mellon Corp (1.64%), Nuveen Asset Management LLC (1.55%) and Principal Financial Group Inc. (1.46%). 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 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 Prudential Financial Inc., Dimensional Fund Advisors LP, Thrivent Financial for Lutherans, Boston Advisors LLC, Millennium Management LLC, Amundi Pioneer Asset Management Inc., Two Sigma Investments LP and SG Americas Securities LLC. 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 Oregon Public Employees Retirement Fund, BlackRock Inc., Mackenzie Financial Corp, Geode Capital Management LLC, Rhumbline Advisers, Principal Financial Group Inc., MUFG Securities EMEA plc and GW&K Investment 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 $39.54.

Cathay General Bancorp has a market capitalization of $3.21 billion and generates $719.30 million in revenue each year. The bank earns $272.17 million in net income (profit) each year or $3.34 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]