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 paid a dividend of $0.31 per share on Thursday, December 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, November 29th. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp announced that its board has approved a share buyback plan on Tuesday, May 7th 2019, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) released its earnings results on Wednesday, January, 22nd. The bank reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.01. The bank earned $149.86 million during the quarter, compared to the consensus estimate of $152.30 million. Cathay General Bancorp had a return on equity of 12.67% and a net margin of 34.29%. During the same quarter in the previous year, the company posted $0.80 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 15th 2020. View Earnings Estimates for Cathay General Bancorp.

2 analysts have issued 1-year price objectives for Cathay General Bancorp's shares. Their forecasts range from $39.00 to $44.00. On average, they expect Cathay General Bancorp's stock price to reach $41.50 in the next year. This suggests a possible upside of 13.0% 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.

News stories about CATY stock have trended extremely negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cathay General Bancorp earned a coverage optimism score of -5.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely 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 drop in short interest in January. As of January 15th, there was short interest totalling 1,620,000 shares, a drop of 5.3% from the December 31st total of 1,710,000 shares. Based on an average daily volume of 233,200 shares, the days-to-cover ratio is currently 6.9 days. Currently, 2.2% of the company's shares are short sold. 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), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Signature Bank (SBNY), East West Bancorp (EWBC) and TCF Financial (TCF).

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 variety of of retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (4.15%), State Street Corp (3.54%), Victory Capital Management Inc. (1.66%), LSV Asset Management (1.65%), Victory Capital Management Inc. (1.65%) and Bank of New York Mellon Corp (1.62%). 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 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 State Street Corp, Bank of America Corp DE, PNC Financial Services Group Inc., Chicago Equity Partners LLC, Ceredex Value Advisors LLC, State of New Jersey Common Pension Fund D, California Public Employees Retirement System and Rothschild & Co. Asset Management US 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 for Cathay General Bancorp.

CATY stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Advisory Research Inc., Victory Capital Management Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, Bank of Montreal Can, Prudential Financial Inc. and Knights of Columbus Asset Advisors 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 $36.72.

Cathay General Bancorp has a market capitalization of $2.93 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 1,277 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]