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NASDAQ:CATY

Cathay General Bancorp - CATY Stock Forecast, Price & News

$44.89
-0.28 (-0.62%)
(As of 08/19/2022 03:59 PM ET)
Add
Compare
Today's Range
$44.64
$45.00
50-Day Range
$37.60
$45.36
52-Week Range
$37.37
$48.88
Volume
9,083 shs
Average Volume
245,576 shs
Market Capitalization
$3.34 billion
P/E Ratio
11.00
Dividend Yield
3.03%
Price Target
$43.33

Cathay General Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.6% Downside
$43.33 Price Target
Short Interest
Bearish
2.34% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.79mentions of Cathay General Bancorp in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.04 M Sold Last Quarter
Proj. Earnings Growth
8.92%
From $4.71 to $5.13 Per Share

Overall MarketRank

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

1.96 out of 5 stars

Finance Sector

711th out of 896 stocks

State Commercial Banks Industry

164th out of 187 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.

Cathay General Bancorp Stock Performance

NASDAQ:CATY opened at $45.17 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 11.07 and a beta of 1.17. The company's fifty day moving average is $40.66 and its two-hundred day moving average is $42.69. Cathay General Bancorp has a 52-week low of $37.37 and a 52-week high of $48.88.

Cathay General Bancorp (NASDAQ:CATY - Get Rating) last posted its quarterly earnings results on Monday, July 25th. The bank reported $1.18 earnings per share (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 period last year, the business posted $0.97 EPS. Equities research analysts forecast that Cathay General Bancorp will post 4.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Stephens cut their price target on shares of Cathay General Bancorp to $44.00 in a report on Tuesday, July 26th. Piper Sandler dropped their target price on shares of Cathay General Bancorp to $43.00 in a report on Monday, July 4th. Finally, Truist Financial dropped their target price on shares of Cathay General Bancorp from $46.00 to $43.00 in a report on Wednesday, June 15th.

Insider Activity

In other news, EVP Kim R. Bingham sold 6,000 shares of Cathay General Bancorp stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. In other news, EVP Kim R. Bingham sold 6,000 shares of Cathay General Bancorp stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. Also, Chairman Dunson K. Cheng sold 1,000 shares of Cathay General Bancorp stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $43.77, for a total transaction of $43,770.00. Following the sale, the chairman now owns 87,984 shares in the company, valued at $3,851,059.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,000 shares of company stock worth $1,044,570. Corporate insiders own 4.30% of the company's stock.

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CATY Stock News Headlines

Potential Gold Rush For Investors Sparked By USA Vs. China Trade War
Right now, China has the US Military in a stranglehold. They hold a monopoly on one of our most CRITICAL defense elements. But thanks to executive orders from both Biden and Trump...
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War
Right now, China has the US Military in a stranglehold. They hold a monopoly on one of our most CRITICAL defense elements. But thanks to executive orders from both Biden and Trump...
Cathay General Bancorp Q2 Profit Climbs, Beats estimates
Cathay General (CATY) Could Be a Great Choice
Cathay General Bancorp - Stock Quote CATY
See More Headlines
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CATY Company Calendar

Ex-Dividend for 6/6 Dividend
5/26/2022
Dividend Payable
6/06/2022
Last Earnings
7/25/2022
Today
8/19/2022
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
-3.5%
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
$32.65 per share

Miscellaneous

Free Float
71,268,000
Market Cap
$3.34 billion
Optionable
Optionable
Beta
1.17

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?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research 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 2022?

2 equities research analysts have issued 1-year target prices for Cathay General Bancorp's stock. Their CATY share price forecasts range from $43.00 to $44.00. On average, they expect the company's share price to reach $43.33 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
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 2022. Since then, CATY shares have increased by 5.1% and is now trading at $45.17.
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 Monday, October 24th 2022.
View our CATY earnings forecast
.

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 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 trailing twelve-month return on equity of 12.77%. During the same quarter last year, the business earned $0.97 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 Monday, May 16th. Investors of record on Friday, May 27th will be given a dividend of $0.34 per share on Monday, June 6th. This represents a $1.36 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, May 26th.
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 3.03%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 26.51% 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 many different retail and institutional investors. Top institutional investors include State Street Corp (4.22%), Massachusetts Financial Services Co. MA (2.53%), Principal Financial Group Inc. (1.76%), Northern Trust Corp (1.60%), FMR LLC (1.31%) and Boston Trust Walden Corp (1.13%). 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 $45.17.

How much money does Cathay General Bancorp make?

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $3.36 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?

The company 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 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 8/19/2022 by MarketBeat.com Staff

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