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NASDAQ:CATY

Cathay General Bancorp Stock Forecast, Price & News

$39.49
+1.85 (+4.91 %)
(As of 03/1/2021 12:00 AM ET)
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Today's Range
$38.36
Now: $39.49
$39.72
50-Day Range
$33.82
MA: $36.82
$40.90
52-Week Range
$17.58
Now: $39.49
$41.20
Volume284,504 shs
Average Volume357,921 shs
Market Capitalization$3.15 billion
P/E Ratio14.00
Dividend Yield3.29%
Beta1.54
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 automobile, 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, and other customary bank services, as well as securities and insurance products. As of October 26, 2020, it operated 38 branches in California; 10 branches in New York; 3 branches in Illinois; 4 branches in Washington; 2 branches in Texas; and 1 each branch in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong, as well as 1 representative office in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.
Cathay General Bancorp logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CATY
CUSIP14915010
Phone213-625-4700
Employees1,219
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$814.02 million
Cash Flow$4.58 per share
Book Value$28.78 per share

Profitability

Net Income$279.14 million

Miscellaneous

Market Cap$3.15 billion
Next Earnings Date4/26/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.87 out of 5 stars

Finance Sector

318th out of 1,938 stocks

State Commercial Banks Industry

68th out of 310 stocks

Analyst Opinion: 1.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$39.49
+1.85 (+4.91 %)
(As of 03/1/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cathay General Bancorp (NASDAQ:CATY) Frequently Asked Questions

Is Cathay General Bancorp a buy right now?

2 Wall Street research 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 research 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.

What stocks does MarketBeat like better than Cathay General Bancorp?

Wall Street analysts have given Cathay General Bancorp a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cathay General Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Monday, April 26th 2021.
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 data on Tuesday, January, 26th. The bank reported $0.89 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.76 by $0.13. Cathay General Bancorp had a net margin of 29.49% and a trailing twelve-month return on equity of 9.67%. During the same quarter last year, the business posted $0.84 earnings per share.
View Cathay General Bancorp's earnings history
.

How has Cathay General Bancorp's stock been impacted by Coronavirus?

Cathay General Bancorp's stock was trading at $23.34 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CATY stock has increased by 69.2% and is now trading at $39.49.
View which stocks have been most impacted by COVID-19
.

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 Friday, February 19th. Investors of record on Monday, March 1st will be given a dividend of $0.31 per share on Thursday, March 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, February 26th.
View Cathay General Bancorp's dividend history
.

Is Cathay General Bancorp a good dividend stock?

Cathay General Bancorp pays an annual dividend of $1.24 per share and currently has a dividend yield of 3.29%. Cathay General Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of Cathay General Bancorp is 35.63%. 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 45.26% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend.
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 stock repurchase plan on Tuesday, May 7th 2019, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

What price target have analysts set for CATY?

2 Wall Street analysts have issued 1 year target prices for Cathay General Bancorp's stock. Their forecasts range from $25.00 to $38.00. On average, they anticipate Cathay General Bancorp's stock price to reach $30.00 in the next year. This suggests that the stock has a possible downside of 24.0%.
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 76, Pay $1.67M)
  • Mr. Chang Ming Liu, CEO, Pres & Director (Age 54, Pay $703.97k)
  • Mr. Heng W. Chen, Exec. VP, CFO & Treasurer (Age 68, Pay $861.33k)
  • Ms. Georgia Lo, Assistant Sec. & Investor Relations
  • 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.

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

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.49%), Dimensional Fund Advisors LP (4.10%), Principal Financial Group Inc. (2.87%), Principal Financial Group Inc. (2.87%), Northern Trust Corp (2.00%) and Charles Schwab Investment Management Inc. (1.61%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, Kim R Bingham, Lisa L Kim and Richard Sun.
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 Nuveen Asset Management LLC, Principal Financial Group Inc., Principal Financial Group Inc., Renaissance Technologies LLC, Ceredex Value Advisors LLC, Skandinaviska Enskilda Banken AB publ , Russell Investments Group Ltd., and Victory Capital Management Inc.. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, and Kim R Bingham.
View insider buying and selling activity for Cathay General Bancorp
or view top insider-selling stocks.

Which major investors are buying Cathay General Bancorp stock?

CATY stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., GW&K Investment Management LLC, Morgan Stanley, Cambiar Investors LLC, Richard Bernstein Advisors LLC, California Public Employees Retirement System, and SG Americas Securities LLC.
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 $39.49.

How much money does Cathay General Bancorp make?

Cathay General Bancorp has a market capitalization of $3.15 billion and generates $814.02 million in revenue each year. The bank earns $279.14 million in net income (profit) each year or $3.48 on an earnings per share basis.

How many employees does Cathay General Bancorp have?

Cathay General Bancorp employs 1,219 workers across the globe.

What is Cathay General Bancorp's official website?

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

Where are Cathay General Bancorp's headquarters?

Cathay General Bancorp is headquartered at 777 N BROADWAY, LOS ANGELES CA, 90012.

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]


This page was last updated on 3/1/2021 by MarketBeat.com Staff

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