NASDAQ:CATY Cathay General Bancorp (CATY) Stock Price, News & Analysis → The #1 lithium battery stock to have on your radar in 2024! (From Smallcaps Daily) (Ad) Free CATY Stock Alerts $37.04 +0.18 (+0.49%) (As of 11:07 AM ET) Add Compare Share Share Today's Range$36.88▼$37.1650-Day Range$34.44▼$40.7452-Week Range$27.75▼$45.72Volume15,584 shsAverage Volume355,186 shsMarket Capitalization$2.69 billionP/E Ratio8.19Dividend Yield3.67%Price Target$39.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Cathay General Bancorp alerts: Email Address Cathay General Bancorp MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside5.7% Upside$39.00 Price TargetShort InterestBearish2.95% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.51Upright™ Environmental ScoreNews Sentiment1.26Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth4.83%From $3.93 to $4.12 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.71 out of 5 starsFinance Sector448th out of 874 stocksState Commercial Banks Industry105th out of 175 stocks 1.0 Analyst's Opinion Consensus RatingCathay General Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.Amount of Analyst CoverageCathay General Bancorp has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.95% of the float of Cathay General Bancorp has been sold short.Short Interest Ratio / Days to CoverCathay General Bancorp has a short interest ratio ("days to cover") of 5.3.Change versus previous monthShort interest in Cathay General Bancorp has recently increased by 6.28%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCathay General Bancorp is a leading dividend payer. It pays a dividend yield of 3.73%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCathay General Bancorp does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Cathay General Bancorp is 30.09%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Cathay General Bancorp will have a dividend payout ratio of 33.01% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend. Previous Next 2.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCathay General Bancorp has received a 18.47% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages", "Consumer savings accounts", "Online banking", and "Consumer transaction accounts" products. See details.Environmental SustainabilityThe Environmental Impact score for Cathay General Bancorp is -0.51. Previous Next 2.9 News and Social Media Coverage News SentimentCathay General Bancorp has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Cathay General Bancorp this week, compared to 3 articles on an average week.Search InterestOnly 5 people have searched for CATY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cathay General Bancorp insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.76% of the stock of Cathay General Bancorp is held by insiders.Percentage Held by Institutions75.01% of the stock of Cathay General Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Cathay General Bancorp are expected to grow by 4.83% in the coming year, from $3.93 to $4.12 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cathay General Bancorp is 8.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.67.Price to Earnings Ratio vs. SectorThe P/E ratio of Cathay General Bancorp is 8.17, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 54.65.Price to Book Value per Share RatioCathay General Bancorp has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Smallcaps DailyThe #1 lithium battery stock to have on your radar in 2024!Discover Why Zacks Small Cap Research Issued a “STRONG BUY” Rating on this Little-Known NASDAQ-traded Green Energy Company!Learn More Here About Cathay General Bancorp Stock (NASDAQ:CATY)Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, safe deposit, collection, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. Cathay General Bancorp was founded in 1962 and is headquartered in Los Angeles, California.Read More CATY Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CATY Stock News HeadlinesMay 7, 2024 | finance.yahoo.comShareholders May Find It Hard To Justify Increasing Cathay General Bancorp's (NASDAQ:CATY) CEO Compensation For NowMay 3, 2024 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Given Average Rating of "Hold" by AnalystsMay 7, 2024 | Crypto 101 Media (Ad)Incredible Opportunity to Retire FAST!A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.April 27, 2024 | americanbankingnews.comTruist Financial Lowers Cathay General Bancorp (NASDAQ:CATY) Price Target to $38.00April 26, 2024 | finance.yahoo.comCathay General Bancorp First Quarter 2024 Earnings: Revenues DisappointApril 25, 2024 | markets.businessinsider.comWhat 4 Analyst Ratings Have To Say About Cathay GeneralApril 25, 2024 | finance.yahoo.comCathay General Bancorp (CATY) Q1 2024 Earnings Call Transcript Highlights: Navigating ...April 24, 2024 | seekingalpha.comCathay General Bancorp: In Distress Until Rates Are CutMay 7, 2024 | Crypto 101 Media (Ad)Incredible Opportunity to Retire FAST!A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.April 24, 2024 | finance.yahoo.comCathay General Bancorp Just Missed Revenue By 6.6%: Here's What Analysts Think Will Happen NextApril 23, 2024 | markets.businessinsider.comPiper Sandler Keeps Their Sell Rating on Cathay General Bancorp (CATY)April 23, 2024 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Financial Companies: Cathay General Bancorp (CATY), Truist Financial (TFC) and HBT Financial (HBT)April 23, 2024 | finance.yahoo.comCathay General Bancorp (NASDAQ:CATY) Q1 2024 Earnings Call TranscriptApril 22, 2024 | finance.yahoo.comCathay General Bancorp Meets Analyst Projections in Q1 2024April 22, 2024 | msn.comCathay General Bancorp GAAP EPS of $0.98 in-line, revenue of $175.18M misses by $12.31MApril 22, 2024 | businesswire.comCathay General Bancorp Announces First Quarter 2024 ResultsApril 19, 2024 | finance.yahoo.comCATY- A California-Based Bank with Solid Value, Strong PotentialApril 4, 2024 | businesswire.comCathay General Bancorp to Announce First Quarter 2024 Financial ResultsMarch 4, 2024 | finance.yahoo.comInvestors in Cathay General Bancorp (NASDAQ:CATY) have unfortunately lost 1.5% over the last three yearsMarch 3, 2024 | finance.yahoo.comCathay General Bancorp (CATY)February 18, 2024 | finance.yahoo.comCATY Mar 2024 30.000 putFebruary 17, 2024 | investing.comCathay General Bancorp sets dividend of 34 cents per shareFebruary 15, 2024 | businesswire.comCathay General Bancorp Declares $0.34 Per Share DividendJanuary 31, 2024 | seekingalpha.comCathay General Bancorp: Expecting Earnings To Decline, Downgrading To HoldJanuary 25, 2024 | finance.yahoo.comQ4 2023 Cathay General Bancorp Earnings CallJanuary 25, 2024 | finance.yahoo.comCathay General Bancorp (NASDAQ:CATY) Q4 2023 Earnings Call TranscriptJanuary 24, 2024 | seekingalpha.comCathay General Bancorp 2023 Q4 - Results - Earnings Call PresentationSee More Headlines Receive CATY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cathay General Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/11 Dividend2/27/2024Dividend Payable3/11/2024Last Earnings4/22/2024Today5/07/2024Next Earnings (Estimated)7/22/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryRegional Banks Current SymbolNASDAQ:CATY CUSIP14915010 CIK861842 Webwww.cathaybank.com Phone(213) 625-4700Fax302-655-5049Employees1,246Year Founded1962Price Target and Rating Average Stock Price Target$39.00 High Stock Price Target$44.00 Low Stock Price Target$31.00 Potential Upside/Downside+5.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$4.52 Trailing P/E Ratio8.19 Forward P/E Ratio9.42 P/E GrowthN/ANet Income$354.12 million Net Margins24.41% Pretax Margin27.27% Return on Equity13.02% Return on Assets1.52% Debt Debt-to-Equity Ratio0.14 Current Ratio1.04 Quick Ratio1.03 Sales & Book Value Annual Sales$1.31 billion Price / Sales2.05 Cash Flow$6.42 per share Price / Cash Flow5.77 Book Value$37.67 per share Price / Book0.98Miscellaneous Outstanding Shares72,690,000Free Float69,228,000Market Cap$2.69 billion OptionableOptionable Beta1.12 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Dunson K. Cheng (Age 79)Executive Chairman of the Board Comp: $1.28MMr. Chang Ming Liu (Age 57)CEO, President & Director Comp: $1.7MMr. Heng W. Chen (Age 71)Executive VP, CFO & Treasurer Comp: $931.25kMs. Georgia LoAssistant Secretary & Investor RelationsMay K. Chan (Age 46)Senior VP, General Counsel, Secretary & Sustainability Officer Key CompetitorsTexas Capital BancsharesNASDAQ:TCBICVB FinancialNASDAQ:CVBFIBERIABANKNASDAQ:IBKCBank of HawaiiNYSE:BOHFirst Interstate BancSystemNASDAQ:FIBKView All CompetitorsInsiders & InstitutionsEmpirical Financial Services LLC d.b.a. Empirical Wealth ManagementBought 720 shares on 5/7/2024Ownership: 0.013%Sciencast Management LPBought 5,435 shares on 5/7/2024Ownership: 0.007%SG Americas Securities LLCSold 14,894 shares on 5/7/2024Ownership: 0.006%Texas Permanent School Fund CorpBought 824 shares on 5/6/2024Ownership: 0.087%ORG Partners LLCBought 26,606 shares on 5/6/2024Ownership: 0.037%View All Insider TransactionsView All Institutional Transactions CATY Stock Analysis - Frequently Asked Questions Should I buy or sell Cathay General Bancorp stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CATY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CATY, but not buy additional shares or sell existing shares. View CATY analyst ratings or view top-rated stocks. What is Cathay General Bancorp's stock price target for 2024? 5 Wall Street analysts have issued 1-year price objectives for Cathay General Bancorp's shares. Their CATY share price targets range from $31.00 to $44.00. On average, they predict the company's stock price to reach $39.00 in the next year. This suggests a possible upside of 5.7% from the stock's current price. View analysts price targets for CATY or view top-rated stocks among Wall Street analysts. How have CATY shares performed in 2024? Cathay General Bancorp's stock was trading at $44.57 at the start of the year. Since then, CATY stock has decreased by 17.2% and is now trading at $36.91. View the best growth stocks for 2024 here. Are investors shorting Cathay General Bancorp? Cathay General Bancorp saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 2,030,000 shares, an increase of 6.3% from the March 31st total of 1,910,000 shares. Based on an average trading volume of 383,200 shares, the short-interest ratio is currently 5.3 days. Approximately 3.0% of the shares of the company are sold short. View Cathay General Bancorp's Short Interest. When is Cathay General Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024. View our CATY earnings forecast. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) released its earnings results on Monday, April, 22nd. The bank reported $0.98 EPS for the quarter, missing the consensus estimate of $1.02 by $0.04. The bank earned $339.25 million during the quarter, compared to analyst estimates of $188.85 million. Cathay General Bancorp had a trailing twelve-month return on equity of 13.02% and a net margin of 24.41%. During the same period in the previous year, the company posted $1.32 EPS. How often does Cathay General Bancorp pay dividends? What is the dividend yield for Cathay General Bancorp? Cathay General Bancorp declared a quarterly dividend on Thursday, February 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.34 per share on Monday, March 11th. This represents a $1.36 annualized dividend and a yield of 3.68%. The ex-dividend date is Tuesday, February 27th. Read our dividend analysis for CATY. Is Cathay General Bancorp a good dividend stock? Cathay General Bancorp (NASDAQ:CATY) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.73%. The dividend payout ratio is 30.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 33.01% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CATY. What ETFs hold Cathay General Bancorp's stock? ETFs with the largest weight of Cathay General Bancorp (NASDAQ:CATY) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Financials ETF (PSCF), Royce Quant Small-Cap Quality Value ETF (SQLV) and First Trust Nasdaq Bank ETF (FTXO).WisdomTree U.S. SmallCap Dividend Fund (DES). What is Chang M. Liu's approval rating as Cathay General Bancorp's CEO? 24 employees have rated Cathay General Bancorp Chief Executive Officer Chang M. Liu on Glassdoor.com. Chang M. Liu has an approval rating of 50% among the company's employees. This puts Chang M. Liu in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 47.0% of employees surveyed would recommend working at Cathay General Bancorp to a friend. What other stocks do shareholders of Cathay General Bancorp own? Based on aggregate information from My MarketBeat watchlists, some companies that other Cathay General Bancorp investors own include Energy Transfer (ET), Pfizer (PFE), AT&T (T), Verizon Communications (VZ), Broadcom (AVGO), AbbVie (ABBV), Bank of America (BAC), Ford Motor (F), Gilead Sciences (GILD) and ONEOK (OKE). Who are Cathay General Bancorp's major shareholders? Cathay General Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include LSV Asset Management (1.30%), Principal Financial Group Inc. (0.54%), Nordea Investment Management AB (0.25%), Congress Asset Management Co. MA (0.21%), New York State Teachers Retirement System (0.20%) and Texas Permanent School Fund Corp (0.09%). Insiders that own company stock include Anthony M Tang, Dunson K Cheng, Kim R Bingham, Peter Wu and Richard Sun. View institutional ownership trends. How do I buy shares of Cathay General Bancorp? Shares of CATY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:CATY) was last updated on 5/7/2024 by MarketBeat.com Staff From Our PartnersThe #1 lithium battery stock to have on your radar in 2024!Smallcaps DailyDave Ramsey Shocks Millions With US Dollar LunacyAmerican Hartford Gold GroupTrump is sounding the alarmPreserve GoldBiden’s Sneaky H.R. 5376 Is A Nightmare For Retirement SaversBirch GoldIs Tesla going out of business?DTIAI “wealth window” is closing June 25thParadigm PressThe 2024 crypto bull run has already started — don’t get left behindInvestorPlaceThe 2024 Gold Rush: Unleashing Market PotentialPriority Gold Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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