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

$37.08
-0.09 (-0.24 %)
(As of 11/13/2019 04:00 PM ET)
Today's Range
$36.49
Now: $37.08
$37.31
50-Day Range
$33.80
MA: $35.49
$37.36
52-Week Range
$31.89
Now: $37.08
$40.11
Volume213,700 shs
Average Volume407,810 shs
Market Capitalization$2.96 billion
P/E Ratio11.10
Dividend Yield3.34%
Beta1.27
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$3.99 per share
Book Value$26.17 per share

Profitability

Net Income$271.89 million

Miscellaneous

Employees1,277
Market Cap$2.96 billion
Next Earnings Date1/22/2020 (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, August 15th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.31 per share on Friday, September 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, August 30th. 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 buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) issued its earnings results on Wednesday, October, 16th. The bank reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.03. The bank earned $157.39 million during the quarter, compared to analysts' expectations of $156.07 million. Cathay General Bancorp had a return on equity of 12.68% and a net margin of 34.23%. During the same period in the previous year, the firm earned $0.85 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, January 22nd 2020. View Earnings Estimates for Cathay General Bancorp.

What price target have analysts set for CATY?

2 brokers have issued twelve-month price objectives for Cathay General Bancorp's shares. Their forecasts range from $39.00 to $44.00. On average, they anticipate Cathay General Bancorp's share price to reach $41.50 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cathay General Bancorp.

Has Cathay General Bancorp been receiving favorable news coverage?

Media coverage about CATY stock has been trending neutral this week, according to InfoTrie. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cathay General Bancorp earned a news impact score of 0.4 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Cathay General Bancorp.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a decrease in short interest in the month of October. As of October 15th, there was short interest totalling 1,910,000 shares, a decrease of 9.9% from the September 15th total of 2,120,000 shares. Based on an average daily volume of 361,100 shares, the short-interest ratio is presently 5.3 days. Approximately 2.5% of the shares of the company 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 institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.56%), GW&K Investment Management LLC (1.38%), Hillcrest Asset Management LLC (0.38%), Wedge Capital Management L L P NC (0.36%), Rhumbline Advisers (0.34%) and First Trust Advisors LP (0.28%). 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 institutional investors are selling Cathay General Bancorp stock?

CATY stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Chicago Equity Partners LLC, Alpine Woods Capital Investors LLC, Systematic Financial Management LP, Hillcrest Asset Management LLC, Comerica Bank, Wedge Capital Management L L P NC and First Trust Advisors LP. 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 institutional investors are buying Cathay General Bancorp stock?

CATY stock was bought by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, State of New Jersey Common Pension Fund D, Massachusetts Financial Services Co. MA, California Public Employees Retirement System, Campbell & CO Investment Adviser LLC, Boston Advisors LLC, Connecticut Wealth Management LLC and Russell Investments Group Ltd.. 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, Robinhood, Fidelity and Charles Schwab.

What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $37.08.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $2.96 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:  2.4 out of 5 (star star)
Outperform Votes:  285 (Vote Outperform)
Underperform Votes:  315 (Vote Underperform)
Total Votes:  600
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 11/13/2019 by MarketBeat.com Staff

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