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

5 Wall Street 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 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.

5 Wall Street analysts have issued 12 month price objectives for Cathay General Bancorp's shares. Their CATY share price targets range from $31.00 to $44.00. On average, they predict the company's stock price to reach $38.83 in the next year. This suggests that the stock has a possible downside of 0.5%.
View analysts price targets for CATY or view top-rated stocks among Wall Street analysts.

Cathay General Bancorp's stock was trading at $40.79 at the beginning of 2023. Since then, CATY stock has decreased by 4.4% and is now trading at $39.01.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our CATY earnings forecast.

Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Monday, October, 23rd. The bank reported $1.13 earnings per share (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 trailing twelve-month return on equity of 14.40% and a net margin of 30.02%. The business's quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 EPS.

Cathay General Bancorp declared a quarterly dividend on Thursday, November 16th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.34 per share on Monday, December 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, November 28th.
Read our dividend analysis for CATY.

Cathay General Bancorp (NASDAQ:CATY) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.54%. 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.

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).

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.

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).

Cathay General Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors 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.
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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.
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