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, February 21st. Shareholders of record on Monday, March 4th will be paid a dividend of $0.31 per share on Thursday, March 14th. This represents a $1.24 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, March 1st. View Cathay General Bancorp's Dividend History.

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

Cathay General Bancorp (NASDAQ:CATY) announced its quarterly earnings results on Wednesday, April, 17th. The bank reported $0.83 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.80 by $0.03. The bank had revenue of $156.24 million for the quarter, compared to analyst estimates of $153.10 million. Cathay General Bancorp had a net margin of 36.43% and a return on equity of 13.08%. During the same period in the prior year, the business earned $0.78 EPS. View Cathay General Bancorp's Earnings History.

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

2 brokers have issued 1-year price targets for Cathay General Bancorp's stock. Their predictions range from $47.00 to $49.00. On average, they expect Cathay General Bancorp's stock price to reach $48.00 in the next year. This suggests a possible upside of 32.8% 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 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cathay General Bancorp.

Media stories about CATY stock have been trending somewhat positive recently, according to InfoTrie. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public 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 1.6 on InfoTrie's scale. They also gave media headlines about the bank a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the near term.

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

Cathay General Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.31%), Smith Graham & Co. Investment Advisors LP (0.17%), Retirement Systems of Alabama (0.12%), Aurora Investment Counsel (0.06%), Boston Advisors LLC (0.05%) and Mercer Global Advisors Inc. ADV (0.04%). 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 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 Strs Ohio, First Hawaiian Bank, Foundry Partners LLC, Alpha Windward LLC and Retirement Systems of Alabama. 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 acquired by a variety of institutional investors in the last quarter, including Mercer Global Advisors Inc. ADV, Mercer Global Advisors Inc. ADV, Peregrine Capital Management LLC, Douglas Lane & Associates LLC, Meeder Asset Management Inc., First Citizens Bank & Trust Co., Smith Graham & Co. Investment Advisors LP and Nisa Investment 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, Scottrade, Fidelity and Charles Schwab.

One share of CATY stock can currently be purchased for approximately $36.15.

Cathay General Bancorp has a market capitalization of $2.91 billion and generates $719.30 million in revenue each year. The bank earns $271.89 million in net income (profit) each year or $3.34 on an earnings per share basis. Cathay General Bancorp employs 1,277 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]