NASDAQ:CATY - Cathay General Bancorp Stock Price, News, & Analysis

$34.94
+0.43 (+1.25 %)
(As of 06/24/2019 10:08 AM ET)
Today's Range
$34.38
Now: $34.9350
$35.01
50-Day Range
$33.62
MA: $35.49
$37.54
52-Week Range
$31.94
Now: $34.9350
$43.53
Volume30,198 shs
Average Volume372,189 shs
Market Capitalization$2.81 billion
P/E Ratio10.46
Dividend Yield3.59%
Beta1.26
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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CATY
CUSIP14915010
Phone213-625-4700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$719.30 million
Cash Flow$4.0387 per share
Book Value$26.17 per share

Profitability

Net Income$271.89 million

Miscellaneous

Employees1,277
Market Cap$2.81 billion
Next Earnings Date7/17/2019 (Estimated)
OptionableOptionable

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Cathay General Bancorp (NASDAQ:CATY) Frequently Asked Questions

What is Cathay General Bancorp's stock symbol?

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

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, May 16th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.31 per share on Thursday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, May 31st. View Cathay General Bancorp's Dividend History.

How will Cathay General Bancorp's stock buyback program work?

Cathay General Bancorp announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 7th 2019, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) issued its quarterly earnings results on Wednesday, April, 17th. The bank reported $0.83 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.03. The bank earned $156.24 million during the quarter, compared to analysts' expectations of $153.10 million. Cathay General Bancorp had a return on equity of 13.08% and a net margin of 36.43%. During the same quarter in the previous year, the firm posted $0.78 earnings per share. View Cathay General Bancorp's Earnings History.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, July 17th 2019. View Earnings Estimates for Cathay General Bancorp.

What price target have analysts set for CATY?

1 analysts have issued 12 month price targets for Cathay General Bancorp's stock. Their predictions range from $47.00 to $47.00. On average, they expect Cathay General Bancorp's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 36.2% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

What is the consensus analysts' recommendation for Cathay General Bancorp?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cathay General Bancorp.

Has Cathay General Bancorp been receiving favorable news coverage?

Press coverage about CATY stock has been trending very negative on Monday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cathay General Bancorp earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company's share price in the immediate future. View News Stories for Cathay General Bancorp.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 2,439,800 shares, an increase of 8.9% from the April 15th total of 2,240,800 shares. Based on an average trading volume of 459,200 shares, the days-to-cover ratio is currently 5.3 days. Approximately 3.2% of the company's shares are short sold. View Cathay General Bancorp's Current Options Chain.

Who are some of Cathay General Bancorp's key competitors?

What other stocks do shareholders of Cathay General Bancorp own?

Who are Cathay General Bancorp's key executives?

Cathay General Bancorp's management team includes the folowing people:
  • Mr. Dunson K. Cheng, Exec. Chairman (Age 74)
  • Mr. Pin Tai, CEO, Pres & Director (Age 65)
  • Mr. Heng W. Chen, Exec. VP, Treasurer & CFO (Age 66)
  • Mr. Irwin Wong, Sr. Exec. VP & Chief Admin. Officer of Cathay Bank (Age 70)
  • Mr. Kim R. Bingham, Exec. VP & Chief Risk Officer of Cathay Bank (Age 62)

Who are Cathay General Bancorp's major shareholders?

Cathay General Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.97%), Principal Financial Group Inc. (3.06%), LSV Asset Management (1.49%), JPMorgan Chase & Co. (1.16%), Amundi Pioneer Asset Management Inc. (0.91%) and Ceredex Value Advisors LLC (0.65%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Kelly L Chan, Kim R Bingham, Lisa L Kim and Peter Wu. View Institutional Ownership Trends for Cathay General Bancorp.

Which major investors are selling Cathay General Bancorp stock?

CATY stock was sold by a variety of institutional investors in the last quarter, including Public Employees Retirement Association of Colorado, Amundi Pioneer Asset Management Inc., BlackRock Inc., Martingale Asset Management L P, ClariVest Asset Management LLC, Wedge Capital Management L L P NC, Nordea Investment Management AB and California Public Employees Retirement System. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Kim R Bingham and Lisa L Kim. View Insider Buying and Selling for Cathay General Bancorp.

Which major investors are buying Cathay General Bancorp stock?

CATY stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Ceredex Value Advisors LLC, JPMorgan Chase & Co., Acadian Asset Management LLC, Great Lakes Advisors LLC, Raymond James & Associates, Hillcrest Asset Management LLC and Citigroup Inc.. View Insider Buying and Selling for Cathay General Bancorp.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $34.51.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $2.77 billion and generates $719.30 million in revenue each year. The bank earns $271.89 million in net income (profit) each year or $3.34 on an earnings per share basis. Cathay General Bancorp employs 1,277 workers across the globe.View Additional Information About Cathay General Bancorp.

What is Cathay General Bancorp's official website?

The official website for Cathay General Bancorp is http://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 or via email at [email protected]


MarketBeat Community Rating for Cathay General Bancorp (NASDAQ CATY)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  254 (Vote Outperform)
Underperform Votes:  287 (Vote Underperform)
Total Votes:  541
MarketBeat's community ratings are surveys of what our community members think about Cathay General Bancorp and other stocks. Vote "Outperform" if you believe CATY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CATY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/24/2019 by MarketBeat.com Staff

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