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Cathay General Bancorp Stock Price, News & Analysis (NASDAQ:CATY)

$39.94
+0.55 (+1.40%)
(As of 12/8/2023 ET)
Compare
Today's Range
$39.35
$40.04
50-Day Range
$32.82
$39.39
52-Week Range
$27.24
$45.69
Volume
240,149 shs
Average Volume
400,956 shs
Market Capitalization
$2.90 billion
P/E Ratio
7.89
Dividend Yield
3.41%
Price Target
$38.83

Cathay General Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.8% Downside
$38.83 Price Target
Short Interest
Bearish
4.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.57
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$224,520 Sold Last Quarter
Proj. Earnings Growth
-7.29%
From $4.80 to $4.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Finance Sector

462nd out of 677 stocks

State Commercial Banks Industry

97th out of 137 stocks


CATY stock logo

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.

CATY Stock Price History

CATY Stock News Headlines

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Cathay General Bancorp's Dividend Analysis
Analyst Expectations for Cathay General's Future
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Q3 2023 Cathay General Bancorp Earnings Call
North American Morning Briefing: 10-Year Treasury -2-
Why Cathay (CATY) Could Beat Earnings Estimates Again
Expert Ratings for Cathay General
Wedbush Keeps Their Buy Rating on Cathay General Bancorp (CATY)
See More Headlines
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Company Calendar

Ex-Dividend for 9/11 Dividend
8/29/2023
Dividend Payable
9/11/2023
Last Earnings
10/23/2023
Ex-Dividend for 12/11 Dividend
11/28/2023
Today
12/08/2023
Dividend Payable
12/11/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/24/2024

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:CATY
CUSIP
14915010
Employees
1,178
Year Founded
1962

Price Target and Rating

Average Stock Price Target
$38.83
High Stock Price Target
$44.00
Low Stock Price Target
$31.00
Potential Upside/Downside
-1.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$360.64 million
Pretax Margin
35.92%

Debt

Sales & Book Value

Annual Sales
$818.70 million
Cash Flow
$5.88 per share
Book Value
$33.25 per share

Miscellaneous

Free Float
69,293,000
Market Cap
$2.88 billion
Optionable
Optionable
Beta
1.15

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CATY Stock Analysis - Frequently Asked Questions

Should I buy or sell Cathay General Bancorp stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 brokers have issued 12 month price targets for Cathay General Bancorp's stock. Their CATY share price targets range from $31.00 to $44.00. On average, they expect the company's stock price to reach $38.83 in the next year. This suggests that the stock has a possible downside of 2.8%.
View analysts price targets for CATY
or view top-rated stocks among Wall Street analysts.

How have CATY shares performed in 2023?

Cathay General Bancorp's stock was trading at $40.79 at the beginning of 2023. Since then, CATY stock has decreased by 2.1% and is now trading at $39.94.
View the best growth stocks for 2023 here
.

When is Cathay General Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our CATY earnings forecast
.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Monday, October, 23rd. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.01. The bank had revenue of $193.48 million for the quarter, compared to the consensus estimate of $196.04 million. Cathay General Bancorp had a net margin of 30.02% and a trailing twelve-month return on equity of 14.40%. The company's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.35 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, November 16th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.34 per share on Monday, December 11th. This represents a $1.36 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, November 28th.
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 3.50%. The dividend payout ratio is 26.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 30.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CATY.

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 variety of retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.79%), Massachusetts Financial Services Co. MA (2.28%), Principal Financial Group Inc. (2.12%), LSV Asset Management (1.58%), Northern Trust Corp (1.40%) and Boston Trust Walden Corp (1.33%). Insiders that own company stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CATY) was last updated on 12/8/2023 by MarketBeat.com Staff

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