NASDAQ:CATY - Cathay General Bancorp Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $36.02 +0.07 (+0.19 %) (As of 04/25/2019 04:00 PM ET)Previous Close$35.95Today's Range$35.53 - $36.2752-Week Range$31.94 - $44.05Volume325,585 shsAverage Volume498,059 shsMarket Capitalization$2.89 billionP/E Ratio10.78Dividend Yield3.45%Beta1.25 ProfileDiscussionAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Receive CATY News and Ratings via Email Sign-up to receive the latest news and ratings for CATY and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:CATY Previous Symbol CUSIP14915010 CIK861842 Webwww.cathaybank.com Phone213-625-4700Debt Debt-to-Equity Ratio0.29 Current Ratio1.05 Quick Ratio1.06Price-To-Earnings Trailing P/E Ratio10.78 Forward P/E Ratio10.35 P/E Growth1.3 Sales & Book Value Annual Sales$719.30 million Price / Sales4.02 Cash Flow$3.9757 per share Price / Cash Flow9.06 Book Value$26.92 per share Price / Book1.34Profitability EPS (Most Recent Fiscal Year)$3.34 Net Income$271.89 million Net Margins36.43% Return on Equity13.08% Return on Assets1.66%Miscellaneous Employees1,277 Outstanding Shares80,363,000Market Cap$2.89 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 declared a quarterly dividend on Thursday, February 21st. Investors of record on Monday, March 4th will be paid a dividend of $0.31 per share on Thursday, March 14th. This represents a $1.24 annualized dividend and a yield of 3.44%. 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 has initiated a share buyback program on Friday, October 26th 2018, which permits the company to buyback $45,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Wednesday, April, 17th. The bank reported $0.83 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.80 by $0.03. The bank had revenue of $156.24 million for the quarter, compared to the consensus estimate of $153.10 million. Cathay General Bancorp had a net margin of 36.43% and a return on equity of 13.08%. During the same period in the prior year, the company 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 Wall Street analysts have issued 1 year target prices for Cathay General Bancorp's stock. Their predictions range from $47.00 to $49.00. On average, they anticipate Cathay General Bancorp's stock price to reach $48.00 in the next year. This suggests a possible upside of 33.3% 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? News stories about CATY stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. Cathay General Bancorp earned a news impact score of 1.5 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. Who are some of Cathay General Bancorp's key competitors? Some companies that are related to Cathay General Bancorp include East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), Wintrust Financial (WTFC), IBERIABANK (IBKC), First Financial Bankshares (FFIN), Bank Ozk (OZK), United Bankshares (UBSI), Associated Banc (ASB), First Hawaiian (FHB) and Glacier Bancorp (GBCI). 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), Cornerstone Total Return Fund (CRF), CBL & Associates Properties (CBL), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Martin Midstream Partners (MMLP), Navios Maritime Midstream Partners (NAP), Government Properties Income Trust (GOV) and Arlington Asset Investment (AI). 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 number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.31%), Los Angeles Capital Management & Equity Research Inc. (0.19%), Smith Graham & Co. Investment Advisors LP (0.17%), Retirement Systems of Alabama (0.12%), First Quadrant L P CA (0.08%) and Aurora Investment Counsel (0.06%). 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 Quadrant L P CA, First Hawaiian Bank, LS Investment Advisors LLC, Foundry Partners LLC, BNP Paribas Arbitrage SA, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC and Alpha Windward LLC. 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 bought by a variety of institutional investors in the last quarter, including Los Angeles Capital Management & Equity Research Inc., Mercer Global Advisors Inc. ADV, Mercer Global Advisors Inc. ADV, Peregrine Capital Management LLC, Douglas Lane & Associates LLC, Meeder Asset Management Inc., First Citizens Bank & Trust Co. and Smith Graham & Co. Investment Advisors LP. 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 $36.02. How big of a company is Cathay General Bancorp? Cathay General Bancorp has a market capitalization of $2.89 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 ( )Outperform Votes: 244 (Vote Outperform)Underperform Votes: 277 (Vote Underperform)Total Votes: 521MarketBeat'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 4/25/2019 by MarketBeat.com StaffFeatured Article: What defines an oversold asset?