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NASDAQ:CATY

Cathay General Bancorp - CATY Stock Forecast, Price & News

$43.65
-0.35 (-0.80%)
(As of 12/6/2022 05:11 PM ET)
Add
Compare
Today's Range
$43.46
$44.50
50-Day Range
$38.46
$46.80
52-Week Range
$37.37
$48.88
Volume
289,638 shs
Average Volume
305,725 shs
Market Capitalization
$3.25 billion
P/E Ratio
9.70
Dividend Yield
3.09%
Price Target
$44.25

Cathay General Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.4% Upside
$44.25 Price Target
Short Interest
Healthy
1.85% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$579,670 Sold Last Quarter
Proj. Earnings Growth
11.00%
From $4.91 to $5.45 Per Share

Overall MarketRank

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

2.13 out of 5 stars

Finance Sector

608th out of 872 stocks

State Commercial Banks Industry

130th out of 183 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.

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CATY Stock News Headlines

Cathay General Bancorp (CATY) To Go Ex-Dividend on November 28th
Should You Buy Cathay General (CATY) After Golden Cross?
Cathay General: Strong Earnings Growth On The Cards
CATY Cathay General Bancorp
CATY Crosses Above Key Moving Average Level
See More Headlines
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CATY Company Calendar

Ex-Dividend for 9/9 Dividend
8/29/2022
Dividend Payable
9/09/2022
Last Earnings
10/24/2022
Ex-Dividend for 12/9 Dividend
11/28/2022
Today
12/06/2022
Dividend Payable
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/26/2023

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
$44.25
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+1.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$298.30 million
Pretax Margin
53.56%

Debt

Sales & Book Value

Annual Sales
$721.11 million
Cash Flow
$4.48 per share
Book Value
$31.68 per share

Miscellaneous

Free Float
71,214,000
Market Cap
$3.25 billion
Optionable
Optionable
Beta
1.15

Social Links


Key Executives

  • Mr. Dunson K. Cheng (Age 77)
    Exec. Chairman
    Comp: $1.82M
  • Mr. Chang Ming Liu (Age 55)
    CEO, Pres & Director
    Comp: $1.57M
  • Mr. Heng W. Chen (Age 69)
    Exec. VP, CFO & Treasurer
    Comp: $988.51k
  • Ms. Georgia Lo
    Assistant Sec. & Investor Relations
  • May K. Chan
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Weston Barkwill
    Chief Internal Auditor













CATY Stock - Frequently Asked Questions

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

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.

What is Cathay General Bancorp's stock price forecast for 2023?

1 equities research analysts have issued 12 month price objectives for Cathay General Bancorp's shares. Their CATY share price forecasts range from $43.00 to $47.00. On average, they anticipate the company's stock price to reach $44.25 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
View analysts price targets for CATY
or view top-rated stocks among Wall Street analysts.

How have CATY shares performed in 2022?

Cathay General Bancorp's stock was trading at $42.99 at the beginning of the year. Since then, CATY shares have increased by 2.3% and is now trading at $44.00.
View the best growth stocks for 2022 here
.

When is Cathay General Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our CATY earnings forecast
.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) released its quarterly earnings data on Monday, October, 24th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.05. The bank had revenue of $205.41 million for the quarter, compared to analysts' expectations of $205.26 million. Cathay General Bancorp had a trailing twelve-month return on equity of 13.93% and a net margin of 41.20%. Cathay General Bancorp's revenue was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share.

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, November 17th. Investors of record on Tuesday, November 29th will be given a dividend of $0.34 per share on Friday, December 9th. This represents a $1.36 annualized dividend and a yield of 3.09%. The ex-dividend date is Monday, November 28th.
Read our dividend analysis for CATY
.

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 2.93%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 24.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CATY.

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

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.

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.58%), Vanguard Group Inc. (9.77%), State Street Corp (4.16%), Dimensional Fund Advisors LP (4.11%), Massachusetts Financial Services Co. MA (2.28%) and LSV Asset Management (1.72%). Insiders that own company 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
.

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 $44.00.

How much money does Cathay General Bancorp make?

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $3.27 billion and generates $721.11 million in revenue each year. The bank earns $298.30 million in net income (profit) each year or $4.50 on an earnings per share basis.

How many employees does Cathay General Bancorp have?

The company employs 1,156 workers across the globe.

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 the company 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 12/6/2022 by MarketBeat.com Staff