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

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

Cathay General Bancorp declared a quarterly dividend on Thursday, February 20th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.31 per share on Thursday, March 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, February 28th. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 7th 2019, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Cathay General Bancorp (NASDAQ:CATY) issued its quarterly earnings results on Wednesday, January, 22nd. The bank reported $0.84 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.83 by $0.01. The bank earned $149.86 million during the quarter, compared to analysts' expectations of $152.30 million. Cathay General Bancorp had a net margin of 34.29% and a return on equity of 12.67%. During the same quarter in the prior year, the company earned $0.80 EPS. 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 12 month price targets for Cathay General Bancorp's shares. Their forecasts range from $39.00 to $44.00. On average, they anticipate Cathay General Bancorp's share price to reach $41.50 in the next twelve months. This suggests a possible upside of 34.8% 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 articles about CATY stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. 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 daily sentiment score of -4.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the next few days. View News Stories for Cathay General Bancorp.

Cathay General Bancorp saw a increase in short interest in February. As of February 14th, there was short interest totalling 1,790,000 shares, an increase of 12.6% from the January 30th total of 1,590,000 shares. Based on an average daily trading volume, of 254,100 shares, the short-interest ratio is currently 7.0 days. Approximately 2.4% of the shares of the stock are sold short. 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), First Republic Bank (FRC), KeyCorp (KEY), Fifth Third Bancorp (FITB), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Signature Bank (SBNY), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), 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 institutional and retail investors. Top institutional shareholders 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, Alliancebernstein L.P., Ceredex Value Advisors LLC, State of New Jersey Common Pension Fund D and California Public Employees Retirement System. 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 acquired 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 $30.78.

Cathay General Bancorp has a market capitalization of $2.45 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]