Cathay General Bancorp Stock Price, News & Analysis (NASDAQ:CATY)

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

Cathay General Bancorp announced a quarterly dividend on Thursday, August 15th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.31 per share on Friday, September 13th. This represents a $1.24 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Friday, August 30th. 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 allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) posted its quarterly earnings results on Wednesday, July, 17th. The bank reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.04. The bank earned $156.17 million during the quarter, compared to the consensus estimate of $154.13 million. Cathay General Bancorp had a return on equity of 12.73% and a net margin of 34.86%. During the same quarter last year, the company earned $0.90 EPS. View Cathay General Bancorp's Earnings History.

Cathay General Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, October 16th 2019. View Earnings Estimates for Cathay General Bancorp.

1 Wall Street analysts have issued 12-month price objectives for Cathay General Bancorp's stock. Their forecasts range from $44.00 to $44.00. On average, they expect Cathay General Bancorp's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 25.1% 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 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cathay General Bancorp.

Headlines about CATY stock have been trending somewhat negative on Saturday, according to InfoTrie Sentiment. The research group identifies negative and positive 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 -1.3 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Cathay General Bancorp.

Cathay General Bancorp saw a decrease in short interest in the month of August. As of August 15th, there was short interest totalling 2,636,300 shares, a decrease of 5.2% from the July 15th total of 2,780,400 shares. Based on an average daily volume of 402,100 shares, the short-interest ratio is presently 6.6 days. Approximately 3.5% 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 SVB Financial Group (SIVB), Commerce Bancshares (CBSH), East West Bancorp (EWBC), Signature Bank (SBNY), First Citizens BancShares (FCNCA), Popular (BPOP), Western Alliance Bancorporation (WAL), Prosperity Bancshares (PB), First Financial Bankshares (FFIN), IBERIABANK (IBKC), United Bankshares (UBSI), Wintrust Financial (WTFC), First Hawaiian (FHB), Bank Ozk (OZK) 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 investors include BlackRock Inc. (13.79%), BlackRock Inc. (13.79%), Vanguard Group Inc. (9.53%), Northern Trust Corp (3.13%), Nuveen Asset Management LLC (2.98%) and Invesco Ltd. (1.79%). 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 JPMorgan Chase & Co., Invesco Ltd., Man Group plc, Renaissance Technologies LLC, Vanguard Group Inc., Panagora Asset Management Inc., Bank of New York Mellon Corp and AQR Capital Management LLC. 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 Nuveen Asset Management LLC, BlackRock Inc., BlackRock Inc., LSV Asset Management, Northern Trust Corp, Royal Bank of Canada, Amundi Pioneer Asset Management Inc. and Atria Investments 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, Robinhood, Fidelity and Charles Schwab.

One share of CATY stock can currently be purchased for approximately $35.18.

Cathay General Bancorp has a market capitalization of $2.81 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]