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

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

Cathay General Bancorp declared a quarterly dividend on Thursday, August 15th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.31 per share on Friday, September 13th. This represents a $1.24 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Friday, August 30th. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp announced that its Board of Directors has authorized a share repurchase program 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 programs are typically an indication that the company's board of directors believes its stock is undervalued.

Cathay General Bancorp (NASDAQ:CATY) announced its quarterly earnings data on Wednesday, October, 16th. The bank reported $0.91 EPS for the quarter, beating the Zacks' consensus estimate of $0.88 by $0.03. Cathay General Bancorp had a net margin of 34.86% and a return on equity of 12.73%. During the same period in the previous year, the company posted $0.85 earnings per share. View Cathay General Bancorp's Earnings History.

2 brokerages have issued 12 month target prices for Cathay General Bancorp's stock. Their predictions range from $39.00 to $44.00. On average, they expect Cathay General Bancorp's share price to reach $41.50 in the next year. This suggests a possible upside of 19.1% 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.

Media coverage about CATY stock has been trending very negative on Thursday, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cathay General Bancorp earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely 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 decrease in short interest in September. As of September 30th, there was short interest totalling 2,120,000 shares, a decrease of 16.9% from the August 30th total of 2,550,000 shares. Based on an average daily volume of 393,900 shares, the days-to-cover ratio is presently 5.4 days. Approximately 2.8% 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 SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), First Financial Bankshares (FFIN), IBERIABANK (IBKC), United Bankshares (UBSI), Wintrust Financial (WTFC), Bank Ozk (OZK), 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 many different of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.25%), Campbell & CO Investment Adviser LLC (0.04%), Pacer Advisors Inc. (0.04%), State of Alaska Department of Revenue (0.02%) and Denali Advisors LLC (0.01%). 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 Peregrine Capital Management LLC and Pacer Advisors Inc.. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Kim R Bingham and Lisa L Kim. View Insider Buying and Selling for Cathay General Bancorp.

CATY stock was bought by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC, State of Alaska Department of Revenue and Denali 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 $34.85.

Cathay General Bancorp has a market capitalization of $2.78 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.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]