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NASDAQ:CATY

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

$37.05
-0.23 (-0.62%)
(As of 05/22/2024 ET)
Today's Range
$36.80
$37.31
50-Day Range
$34.44
$38.85
52-Week Range
$28.95
$45.72
Volume
263,164 shs
Average Volume
279,583 shs
Market Capitalization
$2.70 billion
P/E Ratio
8.20
Dividend Yield
3.67%
Price Target
$39.00

Cathay General Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.3% Upside
$39.00 Price Target
Short Interest
Bearish
2.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.51
Upright™ Environmental Score
News Sentiment
0.94mentions of Cathay General Bancorp in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.06%
From $3.94 to $4.10 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.

3.58 out of 5 stars

Finance Sector

370th out of 850 stocks

State Commercial Banks Industry

80th out of 172 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

Cathay Announces Two New Board Directors
What 4 Analyst Ratings Have To Say About Cathay General
Cathay General Bancorp (CATY)
CATY Mar 2024 30.000 put
Cathay General Bancorp Declares $0.34 Per Share Dividend
Q4 2023 Cathay General Bancorp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 3/11 Dividend
2/27/2024
Dividend Payable
3/11/2024
Last Earnings
4/22/2024
Today
5/23/2024
Ex-Dividend for 6/10 Dividend
5/30/2024
Dividend Payable
6/10/2024
Next Earnings (Estimated)
7/22/2024
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
1,246
Year Founded
1962

Price 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 Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$354.12 million
Pretax Margin
27.27%

Debt

Sales & Book Value

Annual Sales
$1.31 billion
Cash Flow
$6.28 per share
Book Value
$38.15 per share

Miscellaneous

Free Float
69,347,000
Market Cap
$2.70 billion
Optionable
Optionable
Beta
1.12

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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 year. 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 analysts have issued twelve-month price targets for Cathay General Bancorp's shares. Their CATY share price targets range from $31.00 to $44.00. On average, they anticipate the company's share price to reach $39.00 in the next twelve months. This suggests a possible upside of 5.3% 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 shares have decreased by 16.9% and is now trading at $37.05.
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 Monday, July 22nd 2024.
View our CATY earnings forecast
.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) issued its quarterly earnings results on Monday, April, 22nd. The bank reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by $0.04. The bank had revenue of $339.25 million for 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 quarter in the previous year, the business earned $1.32 earnings per share.

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, May 16th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.34 per share on Monday, June 10th. This represents a $1.36 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Thursday, May 30th.
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 3.65%. 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 33.17% 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.33%), LSV Asset Management (1.30%), Principal Financial Group Inc. (0.54%), Jupiter Asset Management Ltd. (0.44%), Stieven Capital Advisors L.P. (0.28%) and Nordea Investment Management AB (0.25%). 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 5/23/2024 by MarketBeat.com Staff

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