NASDAQ:CATY

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

$35.53
+0.64 (+1.83%)
(As of 04/24/2024 ET)
Today's Range
$34.57
$35.65
50-Day Range
$34.54
$40.88
52-Week Range
$27.24
$45.72
Volume
327,366 shs
Average Volume
359,013 shs
Market Capitalization
$2.58 billion
P/E Ratio
7.86
Dividend Yield
3.83%
Price Target
$39.40

Cathay General Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.9% Upside
$39.40 Price Target
Short Interest
Healthy
2.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.51
Upright™ Environmental Score
News Sentiment
0.24mentions of Cathay General Bancorp in the last 14 days
Based on 38 Articles This Week
Insider Trading
Selling Shares
$304,150 Sold Last Quarter
Proj. Earnings Growth
7.25%
From $4.00 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.

4.73 out of 5 stars

Finance Sector

89th out of 846 stocks

State Commercial Banks Industry

19th out of 179 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

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Cathay General Bancorp (CATY)
CATY Mar 2024 30.000 put
Cathay General Bancorp Declares $0.34 Per Share Dividend
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
4/25/2024
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
$39.40
High Stock Price Target
$44.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+10.9%
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
$810.04 million
Cash Flow
$6.13 per share
Book Value
$37.67 per share

Miscellaneous

Free Float
69,228,000
Market Cap
$2.58 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 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 analysts have issued 12-month price targets for Cathay General Bancorp's stock. Their CATY share price targets range from $31.00 to $44.00. On average, they anticipate the company's share price to reach $39.40 in the next twelve months. This suggests a possible upside of 10.9% 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 beginning of 2024. Since then, CATY stock has decreased by 20.3% and is now trading at $35.53.
View the best growth stocks for 2024 here
.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,910,000 shares, a drop of 25.4% from the March 15th total of 2,560,000 shares. Based on an average trading volume of 357,200 shares, the short-interest ratio is presently 5.3 days. Approximately 2.8% of the company's shares are sold short.
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, July 22nd 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, April, 22nd. The bank reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.04. The bank had revenue of $339.25 million for the quarter, compared to analysts' expectations of $188.85 million. Cathay General Bancorp had a trailing twelve-month return on equity of 13.16% and a net margin of 24.41%. During the same period in the prior year, the business posted $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 declared a quarterly dividend on Thursday, February 15th. Stockholders of record on Wednesday, February 28th will be paid 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 3.83%. 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 3.78%. 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 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 variety of retail and institutional investors. Top institutional investors include Congress Asset Management Co. MA (0.21%), State of Alaska Department of Revenue (0.06%), Louisiana State Employees Retirement System (0.05%), New Mexico Educational Retirement Board (0.02%) and Handelsinvest Investeringsforvaltning (0.01%). 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 4/25/2024 by MarketBeat.com Staff

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