NASDAQ:CATY Cathay General Bancorp (CATY) Stock Price, News & Analysis $45.24 +0.27 (+0.60%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$44.79▼$45.8850-Day Range$35.20▼$45.2452-Week Range$32.08▼$45.88Volume278,425 shsAverage Volume347,148 shsMarket Capitalization$3.29 billionP/E Ratio10.01Dividend Yield3.01%Price Target$43.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Cathay General Bancorp alerts: Email Address Cathay General Bancorp MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside5.0% Downside$43.00 Price TargetShort InterestHealthy2.76% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.51Upright™ Environmental ScoreNews Sentiment0.55Based on 40 Articles This WeekInsider TradingN/AProj. Earnings Growth2.75%From $4.00 to $4.11 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.3.39 out of 5 starsFinance Sector393rd out of 898 stocksState Commercial Banks Industry84th out of 181 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, 2 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.Read more about Cathay General Bancorp's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.76% 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 5.7.Change versus previous monthShort interest in Cathay General Bancorp has recently decreased by 2.06%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldCathay General Bancorp pays a meaningful dividend of 3.15%, higher than the bottom 25% of all stocks that pay dividends.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 33.09% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend.Read more about Cathay General Bancorp's dividend. Previous Next 2.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCathay General Bancorp has received a 18.65% 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 2.5 News and Social Media Coverage News SentimentCathay General Bancorp has a news sentiment score of 0.55. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 40 news articles for Cathay General Bancorp this week, compared to 3 articles on an average week.Search InterestOnly 2 people have searched for CATY on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.MarketBeat Follows1 people have added Cathay General Bancorp to their MarketBeat watchlist in the last 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.Read more about Cathay General Bancorp's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Cathay General Bancorp are expected to grow by 2.75% in the coming year, from $4.00 to $4.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cathay General Bancorp is 10.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Cathay General Bancorp is 10.01, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.18.Price to Book Value per Share RatioCathay General Bancorp has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Cathay General Bancorp's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. 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 HeadlinesJuly 27 at 4:12 AM | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) to Post FY2024 Earnings of $4.10 Per Share, Wedbush ForecastsJuly 26 at 1:55 AM | americanbankingnews.comWedbush Research Analysts Lift Earnings Estimates for Cathay General Bancorp (NASDAQ:CATY)July 27, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.July 25 at 1:56 AM | americanbankingnews.comDA Davidson Weighs in on Cathay General Bancorp's Q3 2024 Earnings (NASDAQ:CATY)July 25 at 1:19 AM | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Shares Gap Down Following Weak EarningsJuly 24 at 12:13 PM | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) PT Raised to $50.00 at WedbushJuly 24 at 11:23 AM | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) PT Raised to $45.00 at Truist FinancialJuly 24 at 8:40 AM | msn.comCathay General Bancorp (NASDAQ:CATY) Q2 2024 Earnings Call TranscriptJuly 27, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.July 23, 2024 | forbes.comCathay BankJuly 23, 2024 | markets.businessinsider.comCathay General Bancorp: Strong EPS and Proactive Financial Strategy Justify Buy RatingJuly 23, 2024 | seekingalpha.comCathay General Bancorp (CATY) Q2 2024 Earnings Call TranscriptJuly 23, 2024 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Given New $36.00 Price Target at Piper SandlerJuly 23, 2024 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Posts Earnings ResultsJuly 23, 2024 | washingtonpost.comCathay: Q2 Earnings SnapshotJuly 23, 2024 | msn.comCathay General Bancorp GAAP EPS of $0.92 misses by $0.02, revenue of $178M misses by $1.13MJuly 23, 2024 | markets.businessinsider.comKBW Reaffirms Their Hold Rating on Cathay General Bancorp (CATY)July 22, 2024 | gurufocus.comCathay General Bancorp (CATY) Q2 2024 Earnings: EPS of $0. ...See 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 6/10 Dividend5/30/2024Dividend Payable6/10/2024Last Earnings7/22/2024Today7/26/2024Next Earnings (Estimated)10/28/2024Fiscal 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$43.00 High Stock Price Target$50.00 Low Stock Price Target$36.00 Potential Upside/Downside-5.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$4.52 Trailing P/E Ratio10.01 Forward P/E Ratio11.31 P/E GrowthN/ANet Income$354.12 million Net Margins22.08% Pretax Margin24.63% Return on Equity11.96% Return on Assets1.41% Debt Debt-to-Equity Ratio0.11 Current Ratio1.03 Quick Ratio1.03 Sales & Book Value Annual Sales$1.31 billion Price / Sales2.51 Cash Flow$6.61 per share Price / Cash Flow6.84 Book Value$38.36 per share Price / Book1.18Miscellaneous Outstanding Shares72,810,000Free Float69,347,000Market Cap$3.29 billion OptionableOptionable Beta1.13 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.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 CompetitorsInvestors BancorpNASDAQ:ISBCAssociated BancNYSE:ASBAtlantic Union BanksharesNASDAQ:AUBIBERIABANKNASDAQ:IBKCHilltopNYSE:HTHView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 10,125 shares on 7/26/2024Ownership: 1.178%Access Investment Management LLCBought 225 shares on 7/26/2024Ownership: 0.028%Legato Capital Management LLCSold 6,894 shares on 7/26/2024Ownership: 0.021%Louisiana State Employees Retirement SystemBought 600 shares on 7/24/2024Ownership: 0.050%SummerHaven Investment Management LLCBought 417 shares on 7/24/2024Ownership: 0.031%View All Insider TransactionsView All Institutional Transactions CATY Stock Analysis - Frequently Asked Questions How have CATY shares performed this year? Cathay General Bancorp's stock was trading at $44.57 on January 1st, 2024. Since then, CATY stock has increased by 1.5% and is now trading at $45.24. View the best growth stocks for 2024 here. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) released its quarterly earnings results on Monday, July, 22nd. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.94 by $0.02. The business's revenue for the quarter was down 12.8% compared to the same quarter last year. 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. Who are Cathay General Bancorp's major shareholders? Top institutional investors of Cathay General Bancorp include Bank of New York Mellon Corp (1.18%), Boston Trust Walden Corp (1.01%), Wedge Capital Management L L P NC (0.19%) and Assenagon Asset Management S.A. (0.10%). Insiders that own company stock include Peter Wu, Anthony M Tang, Dunson K Cheng, Kim R Bingham 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. What other stocks do shareholders of Cathay General Bancorp own? Based on aggregate information from My MarketBeat watchlists, some other companies that Cathay General Bancorp investors own include Energy Transfer (ET), Pfizer (PFE), AT&T (T), Verizon Communications (VZ), Broadcom (AVGO), AbbVie (ABBV) and Bank of America (BAC). 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