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

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$35.57 -0.87 (-2.39 %)
(As of 04/19/2019 04:00 PM ET)
Previous Close$35.57
Today's Range$35.39 - $36.31
52-Week Range$31.94 - $44.05
Volume700,960 shs
Average Volume501,292 shs
Market Capitalization$2.86 billion
P/E Ratio10.65
Dividend Yield3.42%
Beta1.25
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 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, trade financing, and other customary bank services, as well as securities and insurance products. As of December 31, 2018, it operated 26 branches in Southern California; 14 branches in Northern California; 11 branches in New York; 3 branches in Illinois area; 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 Taipei and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.

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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$4.0056 per share
Book Value$26.17 per share

Profitability

Net Income$271.89 million

Miscellaneous

Employees1,277
Market Cap$2.86 billion
Next Earnings Date7/17/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Thursday, February 21st. Stockholders of record on Monday, March 4th will be given a dividend of $0.31 per share on Thursday, March 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, March 1st. 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 authorized a stock repurchase program on Friday, October 26th 2018, which allows the company to repurchase $45,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) announced its earnings results on Wednesday, April, 17th. The bank reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.03. The bank earned $156.24 million during the quarter, compared to analyst estimates of $153.10 million. Cathay General Bancorp had a return on equity of 13.18% and a net margin of 37.84%. During the same period last year, the firm posted $0.78 EPS. 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?

2 brokers have issued 12 month target prices for Cathay General Bancorp's shares. Their forecasts range from $47.00 to $49.00. On average, they anticipate Cathay General Bancorp's share price to reach $48.00 in the next twelve months. This suggests a possible upside of 34.9% 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 1 hold rating and 1 buy rating 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 stories about CATY stock have been trending positive recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cathay General Bancorp earned a coverage optimism score of 2.6 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the next few days.

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 many different of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.31%), Retirement Systems of Alabama (0.12%), Aurora Investment Counsel (0.06%), Mercer Global Advisors Inc. ADV (0.04%), Nisa Investment Advisors LLC (0.02%) and Alpha Windward LLC (0.02%). 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 Strs Ohio, First Hawaiian Bank, Alpha Windward LLC and Retirement Systems of Alabama. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Irwin Wong, 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 purchased by a variety of institutional investors in the last quarter, including Mercer Global Advisors Inc. ADV, Peregrine Capital Management LLC, Meeder Asset Management Inc., First Citizens Bank & Trust Co., Nisa Investment Advisors LLC and Aurora Investment Counsel. 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 $35.57.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $2.86 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.

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:  244 (Vote Outperform)
Underperform Votes:  276 (Vote Underperform)
Total Votes:  520
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 4/20/2019 by MarketBeat.com Staff

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