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. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.31 per share on Thursday, December 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. 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 declared that its board has authorized a share repurchase plan on Friday, October 26th 2018, which permits the company to buyback $45,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 1.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Cathay General Bancorp (NASDAQ:CATY) announced its quarterly earnings data on Wednesday, January, 23rd. The bank reported $0.80 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.80. The bank had revenue of $155.88 million for the quarter, compared to analysts' expectations of $155.75 million. Cathay General Bancorp had a net margin of 37.84% and a return on equity of 13.18%. During the same quarter in the prior year, the business posted $0.61 EPS. View Cathay General Bancorp's Earnings History.

Cathay General Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, April 17th 2019. View Earnings Estimates for Cathay General Bancorp.

3 brokerages have issued 12 month target prices for Cathay General Bancorp's shares. Their forecasts range from $43.50 to $49.00. On average, they expect Cathay General Bancorp's stock price to reach $46.50 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

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.

Media headlines about CATY stock have trended somewhat positive on Saturday, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. 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 0.8 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days.

Some companies that are related to Cathay General Bancorp include East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH), Popular (BPOP), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Investors Bancorp (ISBC), IBERIABANK (IBKC), First Financial Bankshares (FFIN), Bank Ozk (OZK), Wintrust Financial (WTFC), United Bankshares (UBSI), Associated Banc (ASB) 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), Cornerstone Strategic Value Fund (CLM), SunCoke Energy Partners (SXCP), SandRidge Permian Trust (PER), CBL & Associates Properties (CBL), Navios Maritime Midstream Partners (NAP), Martin Midstream Partners (MMLP), Arlington Asset Investment (AI) and BP Prudhoe Bay Royalty Trust (BPT).

Cathay General Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.01%), Dimensional Fund Advisors LP (4.62%), Northern Trust Corp (2.91%), Bank of New York Mellon Corp (1.64%), Nuveen Asset Management LLC (1.55%) and Principal Financial Group Inc. (1.46%). 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 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 Prudential Financial Inc., Dimensional Fund Advisors LP, Thrivent Financial for Lutherans, Boston Advisors LLC, Millennium Management LLC, Amundi Pioneer Asset Management Inc., Two Sigma Investments LP and SG Americas Securities 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 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 Oregon Public Employees Retirement Fund, BlackRock Inc., Mackenzie Financial Corp, Geode Capital Management LLC, Rhumbline Advisers, Principal Financial Group Inc., MUFG Securities EMEA plc and GW&K Investment 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 $39.54.

Cathay General Bancorp has a market capitalization of $3.21 billion and generates $719.30 million in revenue each year. The bank earns $272.17 million in net income (profit) each year or $3.34 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]