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

$22.55
-0.27 (-1.18 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$20.97
Now: $22.55
$23.33
50-Day Range
$18.68
MA: $29.67
$37.47
52-Week Range
$17.58
Now: $22.55
$38.91
Volume540,345 shs
Average Volume655,877 shs
Market Capitalization$1.80 billion
P/E Ratio6.48
Dividend Yield5.43%
Beta1.31
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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Cathay General Bancorp logo

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$814.02 million
Cash Flow$4.19 per share
Book Value$28.78 per share

Profitability

Net Income$279.14 million

Miscellaneous

Employees1,219
Market Cap$1.80 billion
Next Earnings Date4/15/2020 (Estimated)
OptionableOptionable

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Cathay General Bancorp (NASDAQ:CATY) Frequently Asked Questions

How has Cathay General Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Cathay General Bancorp's stock was trading at $23.34 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CATY shares have decreased by 3.4% and is now trading at $22.55. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, April 15th 2020. View our earnings forecast for Cathay General Bancorp.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) announced its earnings results on Wednesday, January, 22nd. The bank reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.01. The bank had revenue of $149.86 million for the quarter, compared to the consensus estimate of $152.30 million. Cathay General Bancorp had a net margin of 34.29% and a return on equity of 12.54%. During the same quarter in the prior year, the business earned $0.80 earnings per share. View Cathay General Bancorp's earnings history.

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, February 20th. Investors of record on Monday, March 2nd will be given a dividend of $0.31 per share on Thursday, March 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date is Friday, February 28th. View Cathay General Bancorp's dividend history.

How will Cathay General Bancorp's stock buyback program work?

Cathay General Bancorp announced that its board has initiated a share buyback program on Tuesday, May 7th 2019, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

What price target have analysts set for CATY?

2 Wall Street analysts have issued 1-year 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 84.0% from the stock's current price. View analysts' price targets for Cathay General Bancorp.

Has Cathay General Bancorp been receiving favorable news coverage?

News headlines about CATY stock have been trending extremely negative recently, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cathay General Bancorp earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutCathay General Bancorp.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a increase in short interest in March. As of March 13th, there was short interest totaling 2,105,500 shares, an increase of 10.2% from the February 27th total of 1,910,000 shares. Based on an average daily trading volume, of 531,700 shares, the days-to-cover ratio is presently 4.0 days. Approximately 2.8% of the company's stock 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cathay General Bancorp investors own include Energy Transfer LP Unit (ET), CBL & Associates Properties (CBL), Ford Motor (F), AT&T (T), Gilead Sciences (GILD), Martin Midstream Partners (MMLP), Dominion Energy (D), Oasis Petroleum (OAS), Occidental Petroleum (OXY) and SandRidge Permian Trust (PER).

Who are Cathay General Bancorp's key executives?

Cathay General Bancorp's management team includes the following 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)

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 Principal Financial Group Inc. (4.15%), State Street Corp (3.54%), Nuveen Asset Management LLC (2.82%), Victory Capital Management Inc. (1.66%), LSV Asset Management (1.65%) and Victory Capital Management Inc. (1.65%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, Kelly L Chan, Kim R Bingham and Lisa L Kim. View institutional ownership trends for Cathay General Bancorp.

Which major investors are selling Cathay General Bancorp stock?

CATY stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Bank of America Corp DE, Nuveen Asset Management LLC, PNC Financial Services Group Inc., Chicago Equity Partners LLC, Alliancebernstein L.P., Ceredex Value Advisors LLC, and State of New Jersey Common Pension Fund D. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Jane H Jelenko, Kim R Bingham, and Lisa L Kim. View insider buying and selling activity for Cathay General Bancorp.

Which major investors are buying Cathay General Bancorp stock?

CATY stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Principal Financial Group Inc., Advisory Research Inc., Victory Capital Management Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, Bank of Montreal Can, and Prudential Financial Inc.. View insider buying and selling activity 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 $22.55.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $1.80 billion and generates $814.02 million in revenue each year. The bank earns $279.14 million in net income (profit) each year or $3.48 on an earnings per share basis. Cathay General Bancorp employs 1,219 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:  313 (Vote Outperform)
Underperform Votes:  345 (Vote Underperform)
Total Votes:  658
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 3/29/2020 by MarketBeat.com Staff

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