NASDAQ:CATYCathay General Bancorp Stock Price, Forecast & News

Cathay General Bancorp's stock was trading at $23.34 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CATY stock has increased by 3.7% and is now trading at $24.20. View which stocks have been most impacted by Coronavirus.

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.

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for Cathay General Bancorp.

Cathay General Bancorp (NASDAQ:CATY) announced its quarterly earnings results on Monday, April, 27th. The bank reported $0.59 EPS for the quarter, missing the consensus estimate of $0.67 by $0.08. The bank earned $146.10 million during the quarter, compared to analyst estimates of $145.95 million. Cathay General Bancorp had a net margin of 32.18% and a return on equity of 11.46%. During the same period in the previous year, the company earned $0.83 EPS. View Cathay General Bancorp's earnings history.

Cathay General Bancorp declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Tuesday, June 2nd will be paid a dividend of $0.31 per share on Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend is Monday, June 1st. View Cathay General Bancorp's dividend history.

Cathay General Bancorp declared that its board has authorized a stock buyback plan 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 buy up to 1.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

3 analysts have issued 1 year target prices for Cathay General Bancorp's shares. Their forecasts range from $27.00 to $39.00. On average, they expect Cathay General Bancorp's stock price to reach $31.33 in the next year. This suggests a possible upside of 29.5% from the stock's current price. View analysts' price targets for Cathay General Bancorp.

Press coverage about CATY stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cathay General Bancorp earned a news sentiment score of -1.6 on InfoTrie's scale. They also assigned media stories 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 next few days. View the latest news about Cathay General Bancorp.

Cathay General Bancorp saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,700,000 shares, a drop of 7.6% from the May 31st total of 1,840,000 shares. Based on an average trading volume of 511,700 shares, the short-interest ratio is presently 3.3 days. Currently, 2.3% of the company's stock are short sold. View Cathay General Bancorp's Current Options Chain.

Some companies that are related to Cathay General Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cathay General Bancorp investors own include Energy Transfer LP Unit (ET), Ford Motor (F), Pfizer (PFE), Verizon Communications (VZ), Broadcom (AVGO), Bank of America (BAC), CBL & Associates Properties (CBL), Enterprise Products Partners (EPD), Gilead Sciences (GILD) and AT&T (T).

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

Cathay General Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.07%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Jane H Jelenko, Kelly L Chan, Kim R Bingham and Lisa L Kim. View institutional ownership trends for Cathay General Bancorp.

CATY stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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 activity 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 $24.20.

Cathay General Bancorp has a market capitalization of $1.93 billion and generates $814.02 million in revenue each year. The bank earns $279.14 million in net income (profit) each year or $3.48 on an earnings per share basis. Cathay General Bancorp employs 1,219 workers across the globe.

The official website for Cathay General Bancorp is 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]