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

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

Cathay General Bancorp announced a quarterly dividend on Thursday, February 20th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.31 per share on Thursday, March 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Friday, February 28th. View Cathay General Bancorp's Dividend History.

Cathay General Bancorp announced that its board has approved a stock repurchase program on Tuesday, May 7th 2019, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Cathay General Bancorp (NASDAQ:CATY) issued its earnings results on Wednesday, January, 22nd. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. The bank had revenue of $149.86 million for the quarter, compared to analyst estimates of $152.30 million. Cathay General Bancorp had a return on equity of 12.67% and a net margin of 34.29%. During the same quarter in the prior year, the firm earned $0.80 earnings per share. 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 Wall Street analysts have issued 1 year price objectives for Cathay General Bancorp's stock. Their forecasts range from $39.00 to $44.00. On average, they expect Cathay General Bancorp's stock price to reach $41.50 in the next twelve months. 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 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 extremely negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive 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 -5 to 5, with scores nearest to five being the most favorable. Cathay General Bancorp earned a media sentiment score of -4.4 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several 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 volume of 254,100 shares, the days-to-cover ratio is presently 7.0 days. Currently, 2.4% of the shares of the stock are short sold. 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), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Signature Bank (SBNY), 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 many different of retail and institutional 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 bought 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 $31.25.

Cathay General Bancorp has a market capitalization of $2.49 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]