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

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

Cathay General Bancorp announced a quarterly dividend on Thursday, November 15th. Investors 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 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, November 30th. This is a positive change 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 initiated a stock buyback plan 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 repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) posted its quarterly earnings results on Wednesday, October, 17th. The bank reported $0.85 earnings per share for the quarter, meeting analysts' consensus estimates of $0.85. The bank had revenue of $152.92 million for the quarter, compared to analysts' expectations 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 prior 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 brokers have issued twelve-month target prices for Cathay General Bancorp's shares. Their forecasts range from $43.50 to $51.00. On average, they anticipate Cathay General Bancorp's share price to reach $47.6250 in the next year. This suggests a possible upside of 29.2% 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.

Press coverage about CATY stock has been trending somewhat negative on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cathay General Bancorp earned a news impact score of -1.2 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock'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), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), Investors Bancorp (ISBC), First Financial Bankshares (FFIN), Wintrust Financial (WTFC), IBERIABANK (IBKC), Glacier Bancorp (GBCI), United Bankshares (UBSI), Associated Banc (ASB) and Bank Ozk (OZK).

Cathay General Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Boston Advisors LLC (0.05%) and Louisiana State Employees Retirement System (0.03%). 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 and Louisiana State Employees Retirement System. 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.

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 $36.86.

Cathay General Bancorp has a market capitalization of $2.87 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]