Cathay General Bancorp (NASDAQ:CATY) announced a quarterly dividend on Thursday, November 16th, RTT News reports. Shareholders of record on Friday, December 1st will be paid a dividend of 0.24 per share by the bank on Monday, December 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.36%. This is an increase from Cathay General Bancorp’s previous quarterly dividend of $0.21.

Cathay General Bancorp (NASDAQ:CATY) traded up $0.56 during midday trading on Thursday, hitting $40.67. 461,734 shares of the stock traded hands, compared to its average volume of 389,381. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.37. Cathay General Bancorp has a twelve month low of $34.00 and a twelve month high of $42.64. The stock has a market capitalization of $3,238.46, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.01 and a beta of 1.34.

Cathay General Bancorp (NASDAQ:CATY) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cathay General Bancorp had a net margin of 33.87% and a return on equity of 10.60%. The business had revenue of $146.20 million during the quarter, compared to analyst estimates of $135.27 million. During the same quarter last year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. analysts forecast that Cathay General Bancorp will post 2.49 EPS for the current fiscal year.

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A number of brokerages recently issued reports on CATY. Royal Bank Of Canada lifted their price target on shares of Cathay General Bancorp from $35.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Zacks Investment Research upgraded shares of Cathay General Bancorp from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research note on Friday, July 21st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $37.00 price target on shares of Cathay General Bancorp in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Cathay General Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, SunTrust Banks, Inc. began coverage on shares of Cathay General Bancorp in a research note on Friday, August 18th. They issued a “hold” rating and a $39.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.14.

Cathay General Bancorp Company Profile

Cathay General Bancorp is a bank holding company. The Company holds Cathay Bank, a California state-chartered commercial bank (the Bank); seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc, and Asia Realty Corp. The Company also owns the common stock of five statutory business trusts created for issuing capital securities.

Dividend History for Cathay General Bancorp (NASDAQ:CATY)

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