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. Since then, CATY shares have increased by 7.4% and is now trading at $25.06. View which stocks have been most impacted by Coronavirus.

4 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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) posted its earnings results on Monday, April, 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.67 by $0.08. The bank had revenue of $146.10 million for the quarter, compared to analysts' expectations of $145.95 million. Cathay General Bancorp had a return on equity of 11.46% and a net margin of 32.18%. During the same quarter in the previous year, the business 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 given a dividend of $0.31 per share on Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Monday, June 1st. View Cathay General Bancorp's dividend history.

Cathay General Bancorp declared that its Board of Directors 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

4 brokers have issued 1 year price targets for Cathay General Bancorp's stock. Their forecasts range from $27.00 to $44.00. On average, they anticipate Cathay General Bancorp's share price to reach $34.50 in the next twelve months. This suggests a possible upside of 37.7% from the stock's current price. View analysts' price targets for Cathay General Bancorp.

Media stories about CATY stock have trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media 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 nearest to five being the most favorable. Cathay General Bancorp earned a news impact score of -2.1 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Cathay General Bancorp.

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

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 $25.06.

Cathay General Bancorp has a market capitalization of $1.99 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]