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West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
NASDAQ:CATY

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

$39.45
+0.20 (+0.51%)
(As of 02/23/2024 ET)
Today's Range
$38.87
$39.93
50-Day Range
$38.69
$45.44
52-Week Range
$27.24
$45.72
Volume
178,309 shs
Average Volume
318,952 shs
Market Capitalization
$2.87 billion
P/E Ratio
8.12
Dividend Yield
3.45%
Price Target
$37.80

Cathay General Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.2% Downside
$37.80 Price Target
Short Interest
Healthy
3.67% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.77mentions of Cathay General Bancorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$304,150 Sold Last Quarter
Proj. Earnings Growth
4.13%
From $4.12 to $4.29 Per Share

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.

3.57 out of 5 stars

Finance Sector

398th out of 832 stocks

State Commercial Banks Industry

98th out of 174 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

CATY Mar 2024 30.000 put
Is this AI's biggest breakthrough to date?
In the past year, AI has amazed us all with its achievements. It can predict weather, recommend winning stocks, create original art, write computer code, detect skin cancer – and, shockingly, it can do all these things better than most humans. But when you see its latest leap (revealed in on-location footage), you may want to pinch yourself! 
Cathay General Bancorp Declares $0.34 Per Share Dividend
Q4 2023 Cathay General Bancorp Earnings Call
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN?
Financial giants have been injecting millions into the crypto market. The big players are going all in on crypto… but what are they gearing up for? There is a significant event on the horizon that will shape the future of Bitcoin—the upcoming Bitcoin halving event…We're revealing all the secrets behind the financial elite's bold moves in crypto during our LIVE, online event.
Cathay General Bancorp Reveals Drop In Q4 Income, but beats estimates
CATHAY GENERAL BANCORP
Earnings Preview For Cathay General
Cathay General Bancorp CATY
Cathay General Bancorp's Dividend Analysis
Analyst Expectations for Cathay General's Future
See More Headlines
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Company Calendar

Ex-Dividend for 12/11 Dividend
11/28/2023
Dividend Payable
12/11/2023
Last Earnings
1/24/2024
Today
2/24/2024
Ex-Dividend for 3/11 Dividend
2/27/2024
Dividend Payable
3/11/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$37.80
High Stock Price Target
$41.00
Low Stock Price Target
$31.00
Potential Upside/Downside
-4.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$354.12 million
Pretax Margin
30.80%

Debt

Sales & Book Value

Annual Sales
$1.31 billion
Cash Flow
$6.27 per share
Book Value
$37.67 per share

Miscellaneous

Free Float
69,525,000
Market Cap
$2.87 billion
Optionable
Optionable
Beta
1.14

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CATY Stock Analysis - Frequently Asked Questions

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

5 Wall Street equities 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 equities 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 Wall Street analysts have issued twelve-month price objectives for Cathay General Bancorp's shares. Their CATY share price targets range from $31.00 to $41.00. On average, they expect the company's share price to reach $37.80 in the next twelve months. This suggests that the stock has a possible downside of 4.2%.
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 beginning of 2024. Since then, CATY stock has decreased by 11.5% and is now trading at $39.45.
View the best growth stocks for 2024 here
.

When is Cathay General Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our CATY earnings forecast
.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) issued its quarterly earnings data on Wednesday, January, 24th. The bank reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.15. The bank earned $205.24 million during the quarter, compared to analyst estimates of $197.95 million. Cathay General Bancorp had a trailing twelve-month return on equity of 13.89% and a net margin of 27.02%.

How often does Cathay General Bancorp pay dividends? What is the dividend yield for Cathay General Bancorp?

Cathay General Bancorp announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.34 per share on Monday, March 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend 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 3.46%. The dividend payout ratio is 27.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 31.70% 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.36%), Dimensional Fund Advisors LP (5.30%), Charles Schwab Investment Management Inc. (2.83%), Massachusetts Financial Services Co. MA (2.14%), Principal Financial Group Inc. (2.05%) and Goldman Sachs Group Inc. (1.77%). 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 2/25/2024 by MarketBeat.com Staff