NASDAQ:CATY - Cathay General Bancorp Stock Price, Forecast & News

Cathay General Bancorp trades on the NASDAQ under the ticker symbol "CATY."

Cathay General Bancorp announced a quarterly dividend on Thursday, November 21st. Shareholders of record on Monday, December 2nd will be given a dividend of $0.31 per share on Thursday, December 12th. This represents a $1.24 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, November 29th. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp declared that its board has authorized a stock repurchase plan on Tuesday, May 7th 2019, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Wednesday, October, 16th. The bank reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.88 by $0.03. The bank earned $157.39 million during the quarter, compared to analyst estimates of $156.07 million. Cathay General Bancorp had a return on equity of 12.68% and a net margin of 34.23%. During the same quarter in the prior year, the company earned $0.85 EPS. View Cathay General Bancorp's Earnings History.

Cathay General Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, January 22nd 2020. View Earnings Estimates for Cathay General Bancorp.

2 equities research analysts have issued twelve-month target prices for Cathay General Bancorp's shares. Their forecasts range from $39.00 to $44.00. On average, they anticipate Cathay General Bancorp's stock price to reach $41.50 in the next year. This suggests a possible upside of 11.6% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cathay General Bancorp.

Media stories about CATY stock have trended neutral recently, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cathay General Bancorp earned a coverage optimism score of 0.5 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company's share price in the near future. View News Stories for Cathay General Bancorp.

Cathay General Bancorp saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,620,000 shares, a decrease of 5.3% from the December 15th total of 1,710,000 shares. Based on an average trading volume of 237,200 shares, the short-interest ratio is currently 6.8 days. Approximately 2.2% of the shares of the stock are sold short. View Cathay General Bancorp's Current Options Chain.

Some companies that are related to Cathay General Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), TCF Financial (TCF) and East West Bancorp (EWBC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cathay General Bancorp investors own include Energy Transfer LP Unit (ET), CBL & Associates Properties (CBL), Ford Motor (F), AT&T (T), Gilead Sciences (GILD), Martin Midstream Partners (MMLP), Dominion Energy (D), Oasis Petroleum (OAS), SandRidge Permian Trust (PER) and Pfizer (PFE).

Cathay General Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.36%), Peregrine Capital Management LLC (0.25%), Smith Graham & Co. Investment Advisors LP (0.16%), Johanson Financial Advisors Inc. (0.04%), State of Alaska Department of Revenue (0.02%) and Sciencast Management LP (0.01%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, 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 Smith Graham & Co. Investment Advisors LP, Wedge Capital Management L L P NC, State of Alaska Department of Revenue and Peregrine Capital Management LLC. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Jane H Jelenko, 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 Johanson Financial Advisors Inc. and Sciencast Management 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, Robinhood, Fidelity and Charles Schwab.

One share of CATY stock can currently be purchased for approximately $37.20.

Cathay General Bancorp has a market capitalization of $2.97 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]