Latest news with #CathayGeneralBancorp
Yahoo
05-06-2025
- Business
- Yahoo
Cathay General Bancorp Adopts New Share Repurchase Program
LOS ANGELES, June 05, 2025--(BUSINESS WIRE)--Cathay General Bancorp (the "Company", Nasdaq: CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $150,000,000 of the Company's common stock. The previous $125,000,000 share repurchase program announced on May 28, 2024, was completed on February 28, 2025, with the repurchase of 2,905,487 shares at an average cost of $43.02. The share repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing, price and volume of the share repurchases will be determined by the Company's management based on its evaluation of market conditions, relevant securities laws and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which if adopted would allow stock repurchases when the Company might otherwise be precluded from doing so under insider trading laws. The share repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. As of the date of this release, the Company has approximately 70,133,321 shares of common stock outstanding. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (Nasdaq: CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the nation in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a branch in Hong Kong, and a representative office in Beijing, Shanghai, and Taipei. To learn more about Cathay Bank, please visit View source version on Contacts Heng W. Chen(626) 279-3652 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Highlighting Three Top Dividend Stocks
As the United States stock market shows signs of recovery from recent sell-offs, investors are closely watching the fluctuations in bond yields and legislative developments that could impact fiscal policy. In this environment, dividend stocks can offer a measure of stability and income potential, making them attractive to those seeking consistent returns amid market volatility. Name Dividend Yield Dividend Rating Columbia Banking System (NasdaqGS:COLB) 6.08% ★★★★★★ First Interstate BancSystem (NasdaqGS:FIBK) 7.11% ★★★★★★ Dillard's (NYSE:DDS) 6.43% ★★★★★★ Ennis (NYSE:EBF) 5.29% ★★★★★★ Chevron (NYSE:CVX) 5.05% ★★★★★★ Credicorp (NYSE:BAP) 5.42% ★★★★★☆ Valley National Bancorp (NasdaqGS:VLY) 5.10% ★★★★★☆ Southside Bancshares (NYSE:SBSI) 5.02% ★★★★★☆ Huntington Bancshares (NasdaqGS:HBAN) 4.05% ★★★★★☆ Carter's (NYSE:CRI) 9.96% ★★★★★☆ Click here to see the full list of 148 stocks from our Top US Dividend Stocks screener. Let's uncover some gems from our specialized screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Cathay General Bancorp is the holding company for Cathay Bank, providing a range of commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States, with a market capitalization of approximately $3.12 billion. Operations: Cathay General Bancorp generates revenue primarily through its banking segment, which accounts for $691.28 million. Dividend Yield: 3.1% Cathay General Bancorp recently declared a cash dividend of US$0.34 per share, continuing its trend of stable and growing dividends over the past decade. The company's low payout ratio of 25.7% indicates that dividends are well-covered by earnings, though there's insufficient data to project long-term sustainability. Despite trading at a significant discount to estimated fair value, its 3.11% yield is below the top quartile in the U.S., suggesting room for growth but not leading among high-yield options. Get an in-depth perspective on Cathay General Bancorp's performance by reading our dividend report here. Our valuation report unveils the possibility Cathay General Bancorp's shares may be trading at a discount. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Preferred Bank offers a range of banking products and services to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals with a market cap of approximately $1.12 billion. Operations: Preferred Bank generates its revenue from its commercial banking segment, amounting to $265.95 million. Dividend Yield: 3.6% Preferred Bank declared a quarterly dividend of US$0.75 per share, maintaining stable and reliable dividends over the past decade. The low payout ratio of 30.3% suggests dividends are well-covered by earnings, though future sustainability remains uncertain due to declining earnings forecasts and insufficient data on long-term coverage. Trading at a significant discount to estimated fair value, its 3.6% yield is attractive but below top-tier U.S. dividend payers, with recent insider selling noted as a potential concern. Navigate through the intricacies of Preferred Bank with our comprehensive dividend report here. The analysis detailed in our Preferred Bank valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: National Bank Holdings Corporation is a bank holding company for NBH Bank, offering a range of banking products and financial services to commercial, business, and consumer clients in the United States, with a market cap of approximately $1.44 billion. Operations: National Bank Holdings Corporation generates its revenue primarily from its banking segment, which accounts for $389.88 million. Dividend Yield: 3.3% National Bank Holdings offers a stable dividend, recently increased by 3.4% to US$0.30 per share, with a reliable growth history over the past decade. Its low payout ratio of 39.9% indicates dividends are well-covered by earnings, though future sustainability is uncertain due to insufficient long-term coverage data. Despite trading at a significant discount to estimated fair value, its 3.25% yield is below top-tier U.S. dividend payers, and recent earnings showed decreased net income year-over-year. Unlock comprehensive insights into our analysis of National Bank Holdings stock in this dividend report. Our valuation report here indicates National Bank Holdings may be overvalued. Unlock our comprehensive list of 148 Top US Dividend Stocks by clicking here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:CATY NasdaqGS:PFBC and NYSE:NBHC. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Washington Post
21-04-2025
- Business
- Washington Post
Cathay: Q1 Earnings Snapshot
LOS ANGELES — LOS ANGELES — Cathay General Bancorp (CATY) on Monday reported first-quarter earnings of $69.5 million. The Los Angeles-based bank said it had earnings of 98 cents per share. The holding company for Cathay Bank posted revenue of $330.6 million in the period. Its revenue net of interest expense was $187.8 million, topping Street forecasts.
Yahoo
03-04-2025
- Business
- Yahoo
Cathay General Bancorp to Announce First Quarter 2025 Financial Results
LOS ANGELES, April 03, 2025--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2025 financial results after the markets close on Monday, April 21, 2025. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, April 21, 2025 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10198304 Participants should join the live conference call 5 to 10 minutes before its scheduled start. Webcast Access: A listen-only live webcast of the call will be available at and the recorded version will be available for replay within 24 hours after the call and archived for one year. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp (Nasdaq: CATY) is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp's website is at Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the nation in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a branch in Hong Kong, and a representative office in Beijing, Shanghai, and Taipei. To learn more about Cathay Bank, please visit View source version on Contacts Heng W. Chen(626) 279-3652
