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NASDAQ:CATY

Cathay General Bancorp - CATY Stock Forecast, Price & News

$40.91
-0.64 (-1.54%)
(As of 10/5/2022 11:04 AM ET)
Add
Compare
Today's Range
$40.82
$41.34
50-Day Range
$38.46
$45.36
52-Week Range
$37.37
$48.88
Volume
2,245 shs
Average Volume
311,165 shs
Market Capitalization
$3.05 billion
P/E Ratio
10.03
Dividend Yield
3.43%
Price Target
$43.33

Cathay General Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.3% Upside
$43.33 Price Target
Short Interest
Bearish
2.14% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.31
Upright™ Environmental Score
News Sentiment
0.49mentions 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
8.49%
From $4.71 to $5.11 Per Share

Overall MarketRank

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

1.99 out of 5 stars

Finance Sector

722nd out of 925 stocks

State Commercial Banks Industry

158th out of 197 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

CATY Crosses Above Key Moving Average Level
Cathay General Bancorp Q2 Profit Climbs, Beats estimates
Cathay General (CATY) Could Be a Great Choice
Cathay General Bancorp - Stock Quote CATY
Cathay Bank Celebrates Its 60th Anniversary
Cathay General Bancorp declares $0.34 dividend
Cathay General Bancorp Tops Q1 EPS by 8c
See More Headlines
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CATY Company Calendar

Last Earnings
7/25/2022
Ex-Dividend for 9/9 Dividend
8/29/2022
Dividend Payable
9/09/2022
Today
10/05/2022
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
+5.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$298.30 million
Pretax Margin
52.11%

Debt

Sales & Book Value

Annual Sales
$721.11 million
Cash Flow
$4.92 per share
Book Value
$31.68 per share

Miscellaneous

Free Float
71,268,000
Market Cap
$3.05 billion
Optionable
Optionable
Beta
1.12

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

1 Wall Street analysts have issued 12 month price objectives for Cathay General Bancorp's stock. Their CATY share price forecasts range from $43.00 to $44.00. On average, they anticipate the company's share price to reach $43.33 in the next year. This suggests a possible upside of 4.3% 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 on January 1st, 2022. Since then, CATY stock has decreased by 3.3% and is now trading at $41.55.
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 data on Monday, July, 25th. The bank reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.03. The bank earned $189.78 million during the quarter, compared to the consensus estimate of $184.53 million. Cathay General Bancorp had a net margin of 40.69% and a trailing twelve-month return on equity of 12.77%. During the same period in the prior year, the firm earned $0.97 EPS.

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, August 18th. Stockholders of record on Tuesday, August 30th will be given a dividend of $0.34 per share on Friday, September 9th. This represents a $1.36 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, August 29th.
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 3.43%. 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 26.61% 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."

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 $41.55.

How much money does Cathay General Bancorp make?

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $3.09 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.

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 10/5/2022 by MarketBeat.com Staff

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