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. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.31 per share on Friday, September 13th. This represents a $1.24 annualized dividend and a yield of 3.47%. 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 has authorized a share buyback 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 shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

Cathay General Bancorp (NASDAQ:CATY) released its earnings results on Wednesday, October, 16th. The bank reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.03. The bank had revenue of $157.39 million for the quarter, compared to the consensus estimate of $156.07 million. Cathay General Bancorp had a return on equity of 12.68% and a net margin of 34.23%. During the same quarter in the prior year, the business posted $0.85 EPS. View Cathay General Bancorp's Earnings History.

Cathay General Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, January 22nd 2020. View Earnings Estimates for Cathay General Bancorp.

2 brokers have issued 1 year price targets for Cathay General Bancorp's stock. Their forecasts 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 16.0% 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 headlines about CATY stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cathay General Bancorp earned a coverage optimism score of 0.8 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news 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 decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,120,000 shares, a decline of 16.9% from the August 30th total of 2,550,000 shares. Based on an average daily volume of 393,900 shares, the short-interest ratio is currently 5.4 days. Approximately 2.8% of the shares of the company are sold short. 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), First Citizens BancShares (FCNCA), Popular (BPOP), Western Alliance Bancorporation (WAL), Prosperity Bancshares (PB), First Financial Bankshares (FFIN), IBERIABANK (IBKC), United Bankshares (UBSI), First Hawaiian (FHB), Bank Ozk (OZK), Wintrust Financial (WTFC) 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%), Smith Graham & Co. Investment Advisors LP (0.17%), Envestnet Asset Management Inc. (0.05%), Campbell & CO Investment Adviser LLC (0.04%), Pacer Advisors Inc. (0.04%) and State of Alaska Department of Revenue (0.02%). 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, Denali Advisors LLC, Smith Graham & Co. Investment Advisors LP and Envestnet Asset Management Inc.. 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 $35.77.

Cathay General Bancorp has a market capitalization of $2.85 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]