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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
3 Words and a 3,000% Return (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
Biden's latest bailout--terrible for America? (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Biden's latest bailout--terrible for America? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Leading Egyptian opposition politician targeted with spyware, researchers find
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
3 Words and a 3,000% Return (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
Biden's latest bailout--terrible for America? (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Biden's latest bailout--terrible for America? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Leading Egyptian opposition politician targeted with spyware, researchers find
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
3 Words and a 3,000% Return (Ad)
Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
Biden's latest bailout--terrible for America? (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Biden's latest bailout--terrible for America? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Leading Egyptian opposition politician targeted with spyware, researchers find
NASDAQ:CATY

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

$34.82
-0.42 (-1.19%)
(As of 09/22/2023 ET)
Compare
Today's Range
$34.75
$35.60
50-Day Range
$33.94
$38.68
52-Week Range
$27.24
$47.30
Volume
351,808 shs
Average Volume
1.00 million shs
Market Capitalization
$2.53 billion
P/E Ratio
6.59
Dividend Yield
3.91%
Price Target
$40.50

Cathay General Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
16.3% Upside
$40.50 Price Target
Short Interest
Healthy
2.56% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
1.00mentions of Cathay General Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.21%
From $4.80 to $4.55 Per Share

Overall MarketRank

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

2.74 out of 5 stars

Finance Sector

208th out of 841 stocks

State Commercial Banks Industry

58th out of 177 stocks


CATY stock logo

About Cathay General Bancorp (NASDAQ:CATY) Stock

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 Price History

CATY Stock News Headlines

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.
Expert Ratings for Cathay General
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.
Wedbush Keeps Their Buy Rating on Cathay General Bancorp (CATY)
Q2 2023 Cathay General Bancorp Earnings Call
Cathay General Bancorp Bottom Line Advances In Q2, Beats estimates
The Latest Analyst Ratings for Cathay General
4 Analysts Have This to Say About Cathay General
Q1 2023 Cathay General Bancorp Earnings Call
Cathay General (CATY) Q1 Earnings Surpass Estimates
See More Headlines
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CATY Company Calendar

Last Earnings
7/24/2023
Ex-Dividend for 9/11 Dividend
8/29/2023
Dividend Payable
9/11/2023
Today
9/24/2023
Next Earnings (Estimated)
10/23/2023
Fiscal Year End
12/31/2023

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 Forecast
$40.50
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+16.3%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$360.64 million
Pretax Margin
42.25%

Debt

Sales & Book Value

Annual Sales
$832.63 million
Cash Flow
$5.64 per share
Book Value
$33.25 per share

Miscellaneous

Free Float
69,443,000
Market Cap
$2.53 billion
Optionable
Optionable
Beta
1.17

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Key Executives

  • Mr. Dunson K. Cheng (Age 78)
    Exec. Chairman
    Comp: $1.65M
  • Mr. Chang Ming Liu (Age 56)
    CEO, Pres & Director
    Comp: $1.93M
  • Mr. Heng W. Chen (Age 70)
    Exec. VP, CFO & Treasurer
    Comp: $1.05M
  • Ms. Georgia Lo
    Assistant Sec. & Investor Relations
  • May K. Chan (Age 45)
    Sr. VP, Gen. Counsel, Sec. & Sustainability Officer













CATY Stock - 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 4 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 forecast for 2023?

5 equities research analysts have issued 1 year price targets for Cathay General Bancorp's shares. Their CATY share price forecasts range from $34.00 to $45.00. On average, they anticipate the company's stock price to reach $40.50 in the next year. This suggests a possible upside of 16.3% 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 2023?

Cathay General Bancorp's stock was trading at $40.79 on January 1st, 2023. Since then, CATY shares have decreased by 14.6% and is now trading at $34.82.
View the best growth stocks for 2023 here
.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a decrease in short interest in August. As of August 31st, there was short interest totaling 1,760,000 shares, a decrease of 10.7% from the August 15th total of 1,970,000 shares. Based on an average daily trading volume, of 319,700 shares, the short-interest ratio is presently 5.5 days. Currently, 2.6% of the shares of the company are short sold.
View Cathay General Bancorp's Short Interest
.

When is Cathay General Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
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, July, 24th. The bank reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. The bank had revenue of $323.22 million for the quarter, compared to analyst estimates of $196.30 million. Cathay General Bancorp had a trailing twelve-month return on equity of 15.38% and a net margin of 34.01%. During the same quarter last year, the company posted $1.18 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, August 17th. Investors of record on Wednesday, August 30th will be given a dividend of $0.34 per share on Monday, September 11th. This represents a $1.36 annualized dividend and a yield of 3.91%. The ex-dividend date is Tuesday, August 29th.
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 3.81%. The dividend payout ratio is 25.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 29.89% 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).

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.43%), Dimensional Fund Advisors LP (4.94%), State Street Corp (4.33%), Charles Schwab Investment Management Inc. (2.68%), Geode Capital Management LLC (2.06%) and Principal Financial Group Inc. (1.95%). Insiders that own company 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
.

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.

What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $34.82.

How much money does Cathay General Bancorp make?

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $2.53 billion and generates $832.63 million in revenue each year. The bank earns $360.64 million in net income (profit) each year or $5.28 on an earnings per share basis.

How many employees does Cathay General Bancorp have?

The company employs 1,178 workers across the globe.

How can I contact Cathay General Bancorp?

Cathay General Bancorp's mailing address is 777 N BROADWAY, LOS ANGELES CA, 90012. The official website for the company is www.cathaybank.com. The bank can be reached via phone at (213) 625-4700, via email at monica.chen@cathaybank.com, or via fax at 302-655-5049.

This page (NASDAQ:CATY) was last updated on 9/24/2023 by MarketBeat.com Staff

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