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

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

Cathay General Bancorp declared a quarterly dividend on Thursday, November 15th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.31 per share on Thursday, December 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, November 30th. This is a boost from Cathay General Bancorp's previous quarterly dividend of $0.24. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp announced that its board has authorized a share buyback program on Friday, October 26th 2018, which permits the company to repurchase $45,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Cathay General Bancorp (NASDAQ:CATY) announced its earnings results on Wednesday, October, 17th. The bank reported $0.85 EPS for the quarter, meeting analysts' consensus estimates of $0.85. The bank earned $152.92 million during the quarter, compared to the consensus estimate of $153.90 million. Cathay General Bancorp had a net margin of 33.74% and a return on equity of 12.64%. During the same quarter in the previous year, the firm earned $0.61 EPS. View Cathay General Bancorp's Earnings History.

Cathay General Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, January 23rd 2019. View Earnings Estimates for Cathay General Bancorp.

Cathay General Bancorp will be holding an earnings conference call on Wednesday, January 23rd at 6:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8557613186.

4 equities research analysts have issued 12-month price targets for Cathay General Bancorp's stock. Their predictions range from $43.50 to $51.00. On average, they anticipate Cathay General Bancorp's share price to reach $47.6250 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cathay General Bancorp.

Media headlines about CATY stock have been trending somewhat negative this week, InfoTrie reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cathay General Bancorp earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future.

Some companies that are related to Cathay General Bancorp include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), First Financial Bankshares (FFIN), Investors Bancorp (ISBC), Wintrust Financial (WTFC), Bank Ozk (OZK), IBERIABANK (IBKC), Glacier Bancorp (GBCI), United Bankshares (UBSI) and Associated Banc (ASB).

Cathay General Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.27%), Boston Advisors LLC (0.05%), Bowling Portfolio Management LLC (0.04%), Louisiana State Employees Retirement System (0.03%) and Alpha Windward LLC (0.02%). 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, Patrick Lee, Peter Wu and Ting Y Liu. View Institutional Ownership Trends for Cathay General Bancorp.

CATY stock was sold by a variety of institutional investors in the last quarter, including Boston Advisors LLC, Louisiana State Employees Retirement System and Alpha Windward LLC. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Irwin Wong, Kim R Bingham, Lisa L Kim and Peter Wu. View Insider Buying and Selling for Cathay General Bancorp.

CATY stock was bought by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC and Bowling Portfolio Management 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, Scottrade, Fidelity and Charles Schwab.

One share of CATY stock can currently be purchased for approximately $37.67.

Cathay General Bancorp has a market capitalization of $3.05 billion and generates $612.45 million in revenue each year. The bank earns $176.04 million in net income (profit) each year or $2.46 on an earnings per share basis. Cathay General Bancorp employs 1,271 workers across the globe.

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]