Cathay General Bancorp (NASDAQ:CATY) had declared a cash dividend of $0.1800 on Aug 18, 2016. The shares will quote ex-dividend on Aug 30, 2016 and the record date has been fixed for Sep 1, 2016. On Aug 18, 2016 share price, the yield comes out to be 2.3173%. The dividend payable date has been fixed on Sep 12, 2016.
In a different note, On Jul 11, 2016, Keefe Bruyette & Woods said it Maintains its rating on Cathay General Bancorp. In the research note, the firm Raises the price-target to $31.00 per share. The shares have been rated ‘Market Perform’ by the firm.
Cathay General Bancorp (CATY) made into the market gainers list on Mondays trading session with the shares advancing 0.39% or 0.12 points. Due to strong positive momentum, the stock ended at $31.26, which is also near the day’s high of $31.36. The stock began the session at $31.2 and the volume stood at 3,87,856 shares. The 52-week high of the shares is $34.69 and the 52 week low is $25.62. The company has a current market capitalization of $2,465 M and it has 7,88,62,106 shares in outstanding.
Cathay General Bancorp(CATY) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $110.83M. Analysts had an estimated revenue of $110.74M. Earnings per share were $0.44. Analysts had estimated an EPS of $0.44.
Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Anthony M Tang (Vice Chairman) sold 50,000 shares at $27.79 per share price.Also, On Mar 7, 2016, Kelly L Chan (director) purchased 2,000 shares at $8.73 per share price.On Nov 25, 2015, Peter Wu (Vice Chairman) sold 42,230 shares at $34.32 per share price, according to the Form-4 filing with the securities and exchange commission.
Cathay General Company is a bank holding company. The Company operates through Cathay Bank a California state-chartered commercial bank (the Bank) seven limited partnerships investing in affordable housing investments in which the Bank is the sole limited partner and GBC Venture Capital Inc. The Bank primarily services individuals professionals and small to medium-sized businesses in the local markets in which its branches are located and provides commercial mortgage loans commercial loans residential mortgage loans real estate construction loans home equity lines of credit and installment loans to individuals. It operates approximately 60 branches across California New York State Chicago Washington State Texas Maryland Massachusetts Nevada New Jersey Hong Kong Taipei and Shanghai. It offers deposit products including passbook accounts checking accounts college certificates of deposit and public funds deposits.