S&P 500   3,901.36 (+0.01%)
DOW   31,261.90 (+0.03%)
QQQ   288.68 (-0.31%)
AAPL   137.59 (+0.17%)
MSFT   252.56 (-0.23%)
FB   193.54 (+1.18%)
GOOGL   2,178.16 (-1.34%)
AMZN   2,151.82 (+0.25%)
TSLA   663.90 (-6.42%)
NVDA   166.94 (-2.51%)
BABA   86.79 (-1.03%)
NIO   16.44 (-1.32%)
AMD   93.50 (-3.28%)
CGC   5.52 (-5.96%)
MU   68.90 (-0.72%)
T   20.40 (+0.94%)
GE   75.25 (-0.65%)
F   12.50 (-2.72%)
DIS   102.42 (-0.70%)
AMC   12.03 (-8.03%)
PFE   52.47 (+3.59%)
PYPL   80.54 (-0.91%)
NFLX   186.35 (+1.56%)
S&P 500   3,901.36 (+0.01%)
DOW   31,261.90 (+0.03%)
QQQ   288.68 (-0.31%)
AAPL   137.59 (+0.17%)
MSFT   252.56 (-0.23%)
FB   193.54 (+1.18%)
GOOGL   2,178.16 (-1.34%)
AMZN   2,151.82 (+0.25%)
TSLA   663.90 (-6.42%)
NVDA   166.94 (-2.51%)
BABA   86.79 (-1.03%)
NIO   16.44 (-1.32%)
AMD   93.50 (-3.28%)
CGC   5.52 (-5.96%)
MU   68.90 (-0.72%)
T   20.40 (+0.94%)
GE   75.25 (-0.65%)
F   12.50 (-2.72%)
DIS   102.42 (-0.70%)
AMC   12.03 (-8.03%)
PFE   52.47 (+3.59%)
PYPL   80.54 (-0.91%)
NFLX   186.35 (+1.56%)
S&P 500   3,901.36 (+0.01%)
DOW   31,261.90 (+0.03%)
QQQ   288.68 (-0.31%)
AAPL   137.59 (+0.17%)
MSFT   252.56 (-0.23%)
FB   193.54 (+1.18%)
GOOGL   2,178.16 (-1.34%)
AMZN   2,151.82 (+0.25%)
TSLA   663.90 (-6.42%)
NVDA   166.94 (-2.51%)
BABA   86.79 (-1.03%)
NIO   16.44 (-1.32%)
AMD   93.50 (-3.28%)
CGC   5.52 (-5.96%)
MU   68.90 (-0.72%)
T   20.40 (+0.94%)
GE   75.25 (-0.65%)
F   12.50 (-2.72%)
DIS   102.42 (-0.70%)
AMC   12.03 (-8.03%)
PFE   52.47 (+3.59%)
PYPL   80.54 (-0.91%)
NFLX   186.35 (+1.56%)
S&P 500   3,901.36 (+0.01%)
DOW   31,261.90 (+0.03%)
QQQ   288.68 (-0.31%)
AAPL   137.59 (+0.17%)
MSFT   252.56 (-0.23%)
FB   193.54 (+1.18%)
GOOGL   2,178.16 (-1.34%)
AMZN   2,151.82 (+0.25%)
TSLA   663.90 (-6.42%)
NVDA   166.94 (-2.51%)
BABA   86.79 (-1.03%)
NIO   16.44 (-1.32%)
AMD   93.50 (-3.28%)
CGC   5.52 (-5.96%)
MU   68.90 (-0.72%)
T   20.40 (+0.94%)
GE   75.25 (-0.65%)
F   12.50 (-2.72%)
DIS   102.42 (-0.70%)
AMC   12.03 (-8.03%)
PFE   52.47 (+3.59%)
PYPL   80.54 (-0.91%)
NFLX   186.35 (+1.56%)
NASDAQ:CATY

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

$38.45
+0.18 (+0.47%)
(As of 05/20/2022 04:00 PM ET)
Add
Compare
Today's Range
$37.47
$38.78
50-Day Range
$38.27
$47.24
52-Week Range
$35.51
$48.88
Volume
242,769 shs
Average Volume
316,229 shs
Market Capitalization
$2.89 billion
P/E Ratio
9.94
Dividend Yield
3.55%
Beta
1.23
30 days | 90 days | 365 days | Advanced Chart
Receive CATY 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.

Cathay General Bancorp logo

About Cathay General Bancorp

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, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. As of March 1, 2022, it operated 31 branches in Southern California, 16 branches in Northern California, 10 branches in New York, four branches in Washington, two branches in Illinois, and two branches in Texas, as well as one branch each in Maryland, Massachusetts, Nevada, and New Jersey, and Hong Kong; and a representative office each in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:CATY
CUSIP
14915010
Employees
1,156
Year Founded
1962

Sales & Book Value

Annual Sales
$721.11 million
Cash Flow
$4.74 per share
Book Value
$32.23 per share

Profitability

Net Income
$298.30 million
Pretax Margin
52.16%

Debt

Price-To-Earnings

Miscellaneous

Free Float
71,918,000
Market Cap
$2.89 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/7 Dividend
2/24/2022
Dividend Payable
3/07/2022
Last Earnings
4/25/2022
Today
5/20/2022
Ex-Dividend for 6/6 Dividend
5/26/2022
Dividend Payable
6/06/2022
Next Earnings (Estimated)
7/25/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.60 out of 5 stars

Finance Sector

377th out of 1,356 stocks

State Commercial Banks Industry

97th out of 237 stocks

Analyst Opinion: 2.0Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -













Cathay General Bancorp (NASDAQ:CATY) Frequently Asked Questions

Is Cathay General Bancorp a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Cathay General Bancorp stock. 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 analyst ratings for Cathay General Bancorp
or view top-rated stocks.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022.
View our earnings forecast for Cathay General Bancorp
.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) issued its quarterly earnings results on Monday, April, 25th. The bank reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. The bank had revenue of $179.42 million for the quarter, compared to analyst estimates of $167.80 million. Cathay General Bancorp had a net margin of 40.53% and a trailing twelve-month return on equity of 12.26%. The company's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS.
View Cathay General Bancorp's earnings history
.

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 Monday, May 16th. Stockholders of record on Friday, May 27th will be given a dividend of $0.34 per share on Monday, June 6th. This represents a $1.36 annualized dividend and a yield of 3.53%. The ex-dividend date is Thursday, May 26th.
View Cathay General Bancorp's dividend history
.

Is Cathay General Bancorp a good dividend stock?

Cathay General Bancorp pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.52%. Cathay General Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Cathay General Bancorp is 35.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cathay General Bancorp will have a dividend payout ratio of 26.88% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend.
View Cathay General Bancorp's dividend history.

What price target have analysts set for CATY?

2 brokers have issued 1 year price objectives for Cathay General Bancorp's shares. Their forecasts range from $44.00 to $44.00. On average, they anticipate Cathay General Bancorp's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price.
View analysts' price targets for Cathay General Bancorp
or view top-rated stocks among Wall Street analysts.

Who are Cathay General Bancorp's key executives?
Cathay General Bancorp's management team includes the following people:
  • Mr. Dunson K. Cheng, Exec. Chairman (Age 77, Pay $1.82M)
  • Mr. Chang Ming Liu, CEO, Pres & Director (Age 55, Pay $1.57M)
  • Mr. Heng W. Chen, Exec. VP, CFO & Treasurer (Age 69, Pay $988.51k)
  • Ms. Georgia Lo, Assistant Sec. & Investor Relations
  • May K. Chan, Sr. VP, Gen. Counsel & Sec.
  • Mr. Weston Barkwill, Chief Internal Auditor
What is Dunson K. Cheng's approval rating as Cathay General Bancorp's CEO?

30 employees have rated Cathay General Bancorp CEO Dunson K. Cheng on Glassdoor.com. Dunson K. Cheng has an approval rating of 50% among Cathay General Bancorp's employees. This puts Dunson K. Cheng in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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).

What is Cathay General Bancorp's stock symbol?

Cathay General Bancorp trades on the NASDAQ under the ticker symbol "CATY."

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 investors include BlackRock Inc. (11.77%), Vanguard Group Inc. (9.67%), State Street Corp (4.94%), Dimensional Fund Advisors LP (3.87%), Massachusetts Financial Services Co. MA (2.45%) and Charles Schwab Investment Management Inc. (2.21%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, Kim R Bingham, Peter Wu and Richard Sun.
View institutional ownership trends for Cathay General Bancorp
.

Which institutional investors are selling Cathay General Bancorp stock?

CATY stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., First Trust Advisors LP, JPMorgan Chase & Co., Ceredex Value Advisors LLC, Goldman Sachs Group Inc., Richard Bernstein Advisors LLC, Denali Advisors LLC, and Walleye Capital LLC. Company insiders that have sold Cathay General Bancorp company stock in the last year include Kim R Bingham, and Peter Wu.
View insider buying and selling activity for Cathay General Bancorp
or view top insider-selling stocks.

Which institutional investors are buying Cathay General Bancorp stock?

CATY stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Charles Schwab Investment Management Inc., Jupiter Asset Management Ltd., Dimensional Fund Advisors LP, Allianz Asset Management GmbH, American Century Companies Inc., State of New Jersey Common Pension Fund D, and Aviva PLC.
View insider buying and selling activity for Cathay General Bancorp
or or view top insider-buying stocks.

How do I buy shares of Cathay General Bancorp?

Shares of CATY 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.

What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $38.50.

How much money does Cathay General Bancorp make?

Cathay General Bancorp has a market capitalization of $2.89 billion and generates $721.11 million in revenue each year. The bank earns $298.30 million in net income (profit) each year or $3.87 on an earnings per share basis.

How many employees does Cathay General Bancorp have?

Cathay General Bancorp employs 1,156 workers across the globe.

When was Cathay General Bancorp founded?

Cathay General Bancorp was founded in 1962.

What is Cathay General Bancorp's official website?

The official website for Cathay General Bancorp is www.cathaybank.com.

How can I contact Cathay General Bancorp?

Cathay General Bancorp's mailing address is 777 N BROADWAY, LOS ANGELES CA, 90012. The bank can be reached via phone at (213) 625-4700, via email at [email protected], or via fax at 302-655-5049.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.