Cathay General Bancorp Stock Price, News & Analysis (NASDAQ:CATY) $39.94 +0.55 (+1.40%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$39.07▼$40.0450-Day Range$32.82▼$39.3952-Week Range$27.24▼$45.69Volume240,149 shsAverage Volume245,935 shsMarket Capitalization$2.90 billionP/E Ratio7.89Dividend Yield3.41%Price Target$38.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Cathay General Bancorp MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside2.8% Downside$38.83 Price TargetShort InterestBearish4.35% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.57Upright™ Environmental ScoreNews SentimentN/AInsider TradingSelling Shares$224,520 Sold Last QuarterProj. Earnings Growth-7.29%From $4.80 to $4.45 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.82 out of 5 starsFinance Sector601st out of 871 stocksState Commercial Banks Industry131st out of 182 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, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $38.83, Cathay General Bancorp has a forecasted downside of 2.8% from its current price of $39.94.Amount of Analyst CoverageCathay General Bancorp has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.35% 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 5.3.Change versus previous monthShort interest in Cathay General Bancorp has recently increased by 4.90%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldCathay General Bancorp pays a meaningful dividend of 3.45%, 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 26.88%. 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 30.56% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend. Previous Next 2.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCathay General Bancorp has received a 19.14% 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", "Consumer transaction accounts", and "Online banking" products. See details.Environmental SustainabilityThe Environmental Impact score for Cathay General Bancorp is -0.57. Previous Next 3.0 News and Social Media Coverage News SentimentCathay General Bancorp has a news sentiment score of 1.34. 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 is a higher news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Cathay General Bancorp this week, compared to 2 articles on an average week.Search Interest9 people have searched for CATY on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Cathay General Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cathay General Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $224,520.00 in company stock.Percentage Held by InsidersOnly 4.30% of the stock of Cathay General Bancorp is held by insiders.Percentage Held by Institutions69.01% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Cathay General Bancorp are expected to decrease by -7.29% in the coming year, from $4.80 to $4.45 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cathay General Bancorp is 7.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.66.Price to Earnings Ratio vs. SectorThe P/E ratio of Cathay General Bancorp is 7.89, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.35.Price to Book Value per Share RatioCathay General Bancorp has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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 HeadlinesDecember 5, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Given Average Recommendation of "Hold" by BrokeragesNovember 30, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Upgraded to Hold by StockNews.comDecember 9, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 27, 2023 | finance.yahoo.comCathay General Bancorp's Dividend AnalysisNovember 12, 2023 | seekingalpha.comCathay General Bancorp: At The Current Price It May Not Be Worth ItNovember 7, 2023 | msn.comPiper Sandler Downgrades Cathay General Bancorp (CATY)November 6, 2023 | msn.comCathay General Bancorp cut to Underweight at Piper SandlerNovember 6, 2023 | markets.businessinsider.comAnalyst Expectations for Cathay General's FutureDecember 9, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. October 26, 2023 | benzinga.comCathay General Stock (NASDAQ:CATY), Analyst Ratings, Price Targets, PredictionsOctober 25, 2023 | msn.comPiper Sandler Maintains Cathay General Bancorp (CATY) Neutral RecommendationOctober 24, 2023 | finance.yahoo.comCathay General Bancorp (NASDAQ:CATY) Q3 2023 Earnings Call TranscriptOctober 24, 2023 | finance.yahoo.comQ3 2023 Cathay General Bancorp Earnings CallOctober 23, 2023 | finance.yahoo.comCathay General Bancorp (CATY) Q3 2023 Earnings: Net Income Drops to $82.4 MillionOctober 23, 2023 | finance.yahoo.comCathay General Bancorp Announces Third Quarter 2023 ResultsOctober 23, 2023 | morningstar.comNorth American Morning Briefing: 10-Year Treasury -2-October 19, 2023 | finance.yahoo.comWhy Cathay (CATY) Could Beat Earnings Estimates AgainOctober 16, 2023 | msn.comCathay General (CATY) Expected to Beat Earnings Estimates: Should You Buy?October 5, 2023 | finance.yahoo.comCathay General Bancorp to Announce Third Quarter 2023 Financial ResultsSeptember 20, 2023 | finance.yahoo.comThose who invested in Cathay General Bancorp (NASDAQ:CATY) three years ago are up 87%September 5, 2023 | gurufocus.comWhat's Driving Cathay General Bancorp's Surprising 24% Stock Rally?August 28, 2023 | msn.comCathay General Bancorp: It Might Be The Right Time For A First PurchaseAugust 24, 2023 | finance.yahoo.comHere's What We Like About Cathay General Bancorp's (NASDAQ:CATY) Upcoming DividendAugust 17, 2023 | finance.yahoo.comCathay Bank Foundation Announces the 2023 Scholarship Winners, Supporting Education and Empowering Future LeadersJuly 26, 2023 | markets.businessinsider.comExpert Ratings for Cathay GeneralJuly 26, 2023 | msn.comDA Davidson Maintains Cathay General Bancorp (CATY) Neutral RecommendationJuly 25, 2023 | markets.businessinsider.comWedbush Keeps Their Buy Rating on Cathay General Bancorp (CATY)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 9/11 Dividend8/29/2023Dividend Payable9/11/2023Last Earnings10/23/2023Ex-Dividend for 12/11 Dividend11/28/2023Today12/09/2023Dividend Payable12/11/2023Fiscal Year End12/31/2023Next Earnings (Estimated)1/24/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:CATY CUSIP14915010 CIK861842 Webwww.cathaybank.com Phone(213) 625-4700Fax302-655-5049Employees1,178Year Founded1962Price Target and Rating Average Stock Price Target$38.83 High Stock Price Target$44.00 Low Stock Price Target$31.00 Potential Upside/Downside-2.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$5.06 Trailing P/E Ratio7.89 Forward P/E Ratio8.32 P/E GrowthN/ANet Income$360.64 million Net Margins30.02% Pretax Margin35.92% Return on Equity14.40% Return on Assets1.64% Debt Debt-to-Equity Ratio0.06 Current Ratio1.02 Quick Ratio1.02 Sales & Book Value Annual Sales$908.09 million Price / Sales3.20 Cash Flow$5.79 per share Price / Cash Flow6.90 Book Value$33.25 per share Price / Book1.20Miscellaneous Outstanding Shares72,650,000Free Float69,525,000Market Cap$2.90 billion OptionableOptionable Beta1.15 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Dunson K. Cheng (Age 78)Executive Chairman of the Board Comp: $1.65MMr. Chang Ming Liu (Age 56)CEO, President & Director Comp: $1.93MMr. Heng W. Chen (Age 70)Executive VP, CFO & Treasurer Comp: $1.05MMs. Georgia LoAssistant Secretary & Investor RelationsMay K. Chan (Age 45)Senior VP, General Counsel, Secretary & Sustainability Officer Key CompetitorsFirst Interstate BancSystemNASDAQ:FIBKFirst BanCorp.NYSE:FBPTexas Capital BancsharesNASDAQ:TCBICVB FinancialNASDAQ:CVBFIndependent BankNASDAQ:INDBView All CompetitorsInsiders & InstitutionsCitigroup Inc.Sold 19,508 shares on 12/6/2023Ownership: 0.074%American Century Companies Inc.Bought 83,370 shares on 11/30/2023Ownership: 1.017%Deutsche Bank AGBought 3,597 shares on 11/24/2023Ownership: 0.046%Public Sector Pension Investment BoardBought 89,654 shares on 11/22/2023Ownership: 0.123%Graham Capital Management L.P.Sold 14,094 shares on 11/22/2023Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions 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 brokerages have issued 1 year target prices for Cathay General Bancorp's stock. Their CATY share price targets range from $31.00 to $44.00. On average, they expect the company's stock price to reach $38.83 in the next year. This suggests that the stock has a possible downside of 2.8%. 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 at the beginning of the year. Since then, CATY shares have decreased by 2.1% and is now trading at $39.94. View the best growth stocks for 2023 here. When is Cathay General Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024. View our CATY earnings forecast. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) posted its quarterly earnings data on Monday, October, 23rd. The bank reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.01. The bank earned $193.48 million during the quarter, compared to the consensus estimate of $196.04 million. Cathay General Bancorp had a net margin of 30.02% and a trailing twelve-month return on equity of 14.40%. The business's quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. 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 Thursday, November 16th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.34 per share on Monday, December 11th. This represents a $1.36 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, November 28th. 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 3.45%. The dividend payout ratio is 26.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 30.56% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CATY. What ETFs hold Cathay General Bancorp's stock? ETFs with the largest weight of Cathay General Bancorp (NASDAQ:CATY) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), Invesco S&P MidCap Low Volatility ETF (XMLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and First Trust Nasdaq Bank ETF (FTXO).Timothy Plan US Small Cap Core ETF (TPSC). 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 Charles Schwab Investment Management Inc. (2.79%), Massachusetts Financial Services Co. MA (2.28%), Principal Financial Group Inc. (2.12%), LSV Asset Management (1.58%), Northern Trust Corp (1.40%) and Boston Trust Walden Corp (1.33%). Insiders that own company stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, 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. This page (NASDAQ:CATY) was last updated on 12/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Cathay General Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.