Cathay General Bancorp (NASDAQ:CATY) is expected to pay $0.21 on Dec 12, 2016. The indicated annual dividend is $0.84. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Cathay General Bancorp’s current price of $36.34, the dividend is 0.58%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 18, 2016. The stock increased 0.86% or $0.31 on November 25, hitting $36.34. Cathay General Bancorp (NASDAQ:CATY) has risen 17.23% since April 25, 2016 and is uptrending. It has outperformed by 11.21% the S&P500.
Cathay General Bancorp is a bank holding company. The company has a market cap of $2.89 billion. The Firm holds Cathay Bank, a California state-chartered commercial bank ; approximately seven limited partnerships investing in affordable housing investments, in which the Bank is the sole limited partner; GBC Venture Capital, Inc, and Asia Realty Corp. It has a 17.34 P/E ratio. It also owns the common stock of over five statutory business trusts created for issuing capital securities.
Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.08, from 1.14 in 2016Q1. The ratio worsened, as 11 funds sold all Cathay General Bancorp shares owned while 65 reduced positions. 22 funds bought stakes while 65 increased positions. They now own 50.44 million shares or 3.51% less from 52.27 million shares in 2016Q1.
Massachusetts Fin Ma has 37,058 shares for 0% of their US portfolio. Stevens Cap Management Limited Partnership holds 0.07% of its portfolio in Cathay General Bancorp (NASDAQ:CATY) for 62,534 shares. Buckhead Management holds 0.16% or 30,650 shares in its portfolio. Alpha Windward Limited Co has 13,380 shares for 0.27% of their US portfolio. United Svcs Automobile Association owns 23,160 shares or 0% of their US portfolio. First Mercantile Trust Commerce reported 17,350 shares or 0.06% of all its holdings. Schwab Charles Management last reported 0.01% of its portfolio in the stock. National Bank & Trust Of New York Mellon Corporation has 1.47M shares for 0.01% of their US portfolio. The Minnesota-based Thrivent Finance For Lutherans has invested 0.03% in Cathay General Bancorp (NASDAQ:CATY). Kcg holds 0.01% of its portfolio in Cathay General Bancorp (NASDAQ:CATY) for 9,346 shares. Alpine Woods Cap Invsts Limited Co owns 85,200 shares or 0.14% of their US portfolio. Tiaa Cref Investment Mngmt Limited, a New York-based fund reported 367,972 shares. State Board Of Administration Of Florida Retirement Systems has 59,859 shares for 0.01% of their US portfolio. Capstone Invest Advisors Ltd Liability last reported 51,400 shares in the company. Moreover, First Quadrant Ltd Partnership Ca has 0.05% invested in Cathay General Bancorp (NASDAQ:CATY) for 78,300 shares.
Insider Transactions: Since August 30, 2016, the stock had 0 insider purchases, and 5 selling transactions for $5.33 million net activity. CHENG DUNSON K sold $1.42M worth of stock or 40,000 shares. CHEN HENG W also sold $1.55 million worth of Cathay General Bancorp (NASDAQ:CATY) on Monday, November 14. WU PETER had sold 30,000 shares worth $939,042.
Cathay General Bancorp (NASDAQ:CATY) Ratings Coverage
Out of 3 analysts covering Cathay Bancorp (NASDAQ:CATY), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $36 is the highest target while $32 is the lowest. The $32.67 average target is -10.10% below today’s ($36.34) stock price. Cathay Bancorp has been the topic of 4 analyst reports since July 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $33 target price in Thursday, January 21 report. The stock of Cathay General Bancorp (NASDAQ:CATY) has “Neutral” rating given on Thursday, April 21 by DA Davidson. The stock has “Market Perform” rating given by Wood on Monday, July 11. The rating was maintained by RBC Capital Markets on Wednesday, July 22 with “Outperform”.
More notable recent Cathay General Bancorp (NASDAQ:CATY) news were published by: Prnewswire.com which released: “Cathay General Bancorp Announces Agreement To Acquire SinoPac Bancorp” on July 08, 2016, also Prnewswire.com with their article: “Cathay General Bancorp Announces Retirement of Dunson K. Cheng and Appointment …” published on August 19, 2016, Nasdaq.com published: “Cathay General Bancorp Reaches Analyst Target Price” on November 11, 2016. More interesting news about Cathay General Bancorp (NASDAQ:CATY) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Cathay General Bancorp, Safety Insurance Group and …” published on August 26, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Cathay General Bancorp announces Q3 EPS of $0.58” with publication date: October 19, 2016.
CATY Company Profile
Cathay General Bancorp, incorporated on March 1, 1990, is a bank holding company. The Firm holds Cathay Bank, a California state-chartered commercial bank (the Bank); approximately seven limited partnerships investing in affordable housing investments, in which the Bank is the sole limited partner; GBC Venture Capital, Inc, and Asia Realty Corp. The Firm also owns the common stock of over five statutory business trusts created for issuing capital securities.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.