S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
Dems' climate, energy, tax bill clears initial Senate hurdle
NASDAQ:CATY

Cathay General Bancorp - CATY Stock Forecast, Price & News

$42.06
+0.60 (+1.45%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$41.42
$42.23
50-Day Range
$37.60
$42.69
52-Week Range
$37.37
$48.88
Volume
203,596 shs
Average Volume
221,071 shs
Market Capitalization
$3.16 billion
P/E Ratio
10.31
Dividend Yield
3.23%
Price Target
$43.33

Cathay General Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.0% Upside
$43.33 Price Target
Short Interest
Healthy
2.12% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.62mentions of Cathay General Bancorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$455,730 Sold Last Quarter
Proj. Earnings Growth
9.79%
From $4.70 to $5.16 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Finance Sector

803rd out of 1,176 stocks

State Commercial Banks Industry

163rd out of 214 stocks

CATY stock logo

About Cathay General Bancorp (NASDAQ:CATY) Stock

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, 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, investment, and other customary bank services, as well as securities and insurance products. As of March 1, 2022, it operated 31 branches in Southern California, 16 branches in Northern California, 10 branches in New York, four branches in Washington, two branches in Illinois, and two branches in Texas, as well as one branch each in Maryland, Massachusetts, Nevada, and New Jersey, and Hong Kong; and a representative office each in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.

Analysts Set New Price Targets

CATY has been the topic of several recent research reports. Stephens reduced their target price on shares of Cathay General Bancorp to $44.00 in a research note on Tuesday, July 26th. Piper Sandler cut their price target on shares of Cathay General Bancorp to $43.00 in a research report on Monday, July 4th. Finally, Truist Financial cut their price target on shares of Cathay General Bancorp from $46.00 to $43.00 in a research report on Wednesday, June 15th.

Cathay General Bancorp Stock Performance

Shares of NASDAQ:CATY opened at $42.06 on Friday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 10.31 and a beta of 1.17. The firm's 50 day simple moving average is $40.25 and its 200 day simple moving average is $42.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.03 and a quick ratio of 1.03. Cathay General Bancorp has a fifty-two week low of $37.37 and a fifty-two week high of $48.88.

Cathay General Bancorp (NASDAQ:CATY - Get Rating) last announced its earnings results on Monday, July 25th. The bank reported $1.18 EPS for the quarter, topping the consensus estimate of $1.17 by $0.01. Cathay General Bancorp had a net margin of 40.69% and a return on equity of 12.77%. During the same quarter in the prior year, the company posted $0.97 EPS. As a group, sell-side analysts forecast that Cathay General Bancorp will post 4.7 earnings per share for the current year.

Cathay General Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 6th. Shareholders of record on Friday, May 27th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, May 26th. This represents a $1.36 annualized dividend and a yield of 3.23%. Cathay General Bancorp's dividend payout ratio (DPR) is currently 33.33%.

Insiders Place Their Bets

In other Cathay General Bancorp news, EVP Kim R. Bingham sold 6,000 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $41.33, for a total transaction of $247,980.00. Following the sale, the executive vice president now directly owns 34,884 shares in the company, valued at approximately $1,441,755.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Vice Chairman Anthony M. Tang sold 5,000 shares of Cathay General Bancorp stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $41.55, for a total value of $207,750.00. Following the sale, the insider now directly owns 243,964 shares in the company, valued at $10,136,704.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kim R. Bingham sold 6,000 shares of Cathay General Bancorp stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $41.33, for a total transaction of $247,980.00. Following the completion of the sale, the executive vice president now owns 34,884 shares in the company, valued at $1,441,755.72. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company's stock.

Receive CATY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Cathay General Bancorp and its competitors with MarketBeat's FREE daily newsletter.

CATY Stock News Headlines

Cathay General Bancorp Q2 Profit Climbs, Beats estimates
Cathay General (CATY) Could Be a Great Choice
Cathay General Bancorp - Stock Quote CATY
Cathay Bank Celebrates Its 60th Anniversary
Cathay General Bancorp declares $0.34 dividend
See More Headlines
Receive CATY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Cathay General Bancorp and its competitors with MarketBeat's FREE daily newsletter.

CATY Company Calendar

Ex-Dividend for 6/6 Dividend
5/26/2022
Dividend Payable
6/06/2022
Last Earnings
7/25/2022
Today
8/07/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:CATY
CUSIP
14915010
Employees
1,156
Year Founded
1962

Price Target and Rating

Average Stock Price Forecast
$43.33
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+3.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$298.30 million
Pretax Margin
52.11%

Debt

Sales & Book Value

Annual Sales
$721.11 million
Cash Flow
$4.76 per share
Book Value
$32.36 per share

Miscellaneous

Free Float
71,918,000
Market Cap
$3.16 billion
Optionable
Optionable
Beta
1.17

Social Links















CATY Stock - Frequently Asked Questions

Should I buy or sell Cathay General Bancorp stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last twelve months. 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 is Cathay General Bancorp's stock price forecast for 2022?

2 Wall Street research analysts have issued 1 year price targets for Cathay General Bancorp's stock. Their CATY stock forecasts range from $43.00 to $44.00. On average, they predict Cathay General Bancorp's share price to reach $43.33 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
View analysts' price targets for Cathay General Bancorp
or view top-rated stocks among Wall Street analysts.

How has Cathay General Bancorp's stock price performed in 2022?

Cathay General Bancorp's stock was trading at $42.99 at the start of the year. Since then, CATY stock has decreased by 2.2% and is now trading at $42.06.
View the best growth stocks for 2022 here
.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our earnings forecast for Cathay General Bancorp
.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) posted its quarterly earnings results on Monday, July, 25th. The bank reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.01. Cathay General Bancorp had a net margin of 40.69% and a trailing twelve-month return on equity of 12.77%. During the same period in the prior year, the firm earned $0.97 EPS.

How often does Cathay General Bancorp pay dividends? What is the dividend yield for Cathay General Bancorp?

Cathay General Bancorp announced a quarterly dividend on Monday, May 16th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.34 per share on Monday, June 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, May 26th.
View Cathay General Bancorp's dividend history
.

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 3.23%. Cathay General Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Cathay General Bancorp is 33.33%. 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 26.36% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend.
View Cathay General Bancorp's dividend history.

What is Chang M. Liu's approval rating as Cathay General Bancorp's CEO?

24 employees have rated Cathay General Bancorp CEO Chang M. Liu on Glassdoor.com. Chang M. Liu has an approval rating of 50% among Cathay General Bancorp'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).

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 a variety of institutional and retail investors. Top institutional investors include Boston Trust Walden Corp (1.13%), Ceredex Value Advisors LLC (0.48%), New York State Teachers Retirement System (0.22%), Congress Asset Management Co. MA (0.20%), Cambria Investment Management L.P. (0.18%) and Assenagon Asset Management S.A. (0.17%). 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, Peter Wu and Richard Sun.
View institutional ownership trends for Cathay General Bancorp
.

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 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 $42.06.

How much money does Cathay General Bancorp make?

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $3.16 billion and generates $721.11 million in revenue each year. The bank earns $298.30 million in net income (profit) each year or $4.08 on an earnings per share basis.

How many employees does Cathay General Bancorp have?

Cathay General Bancorp employs 1,156 workers across the globe.

When was Cathay General Bancorp founded?

Cathay General Bancorp was founded in 1962.

How can I contact Cathay General Bancorp?

Cathay General Bancorp's mailing address is 777 N BROADWAY, LOS ANGELES CA, 90012. The official website for Cathay General Bancorp is www.cathaybank.com. The bank can be reached via phone at (213) 625-4700, via email at monica.chen@cathaybank.com, or via fax at 302-655-5049.

This page (NASDAQ:CATY) was last updated on 8/7/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.