About Cathay General Bancorp (NASDAQ:CATY)
Cathay General Bancorp is a bank holding company. The Company holds Cathay Bank, a California state-chartered commercial bank (the Bank); seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc., and Asia Realty Corp. The Company also owns the common stock of five statutory business trusts created for issuing capital securities. The Bank primarily services individuals, professionals and small to medium-sized businesses in the local markets and provides commercial mortgage loans, commercial loans, small business administration (SBA) loans, residential mortgage loans, real estate construction loans, home equity lines of credit and installment loans to individuals for automobile, household and other consumer expenditures. The Bank offers passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit and public funds deposits.
Industry, Sector and Symbol:
- Industry: Retail & Mortgage Banks
- Sub-Industry: Regional Banks
- Sector: Retail & Mortgage Banks
- Symbol: NASDAQ:CATY
- CUSIP: 14915010
- Web: www.cathaybank.com
- Debt-to-Equity Ratio: 0.37%
- Current Ratio: 1.05%
- Quick Ratio: 1.05%
Sales & Book Value:
- Trailing P/E Ratio: 16.09
- Forward P/E Ratio: 16.57
- P/E Growth: 2.01
- Annual Sales: $532.44 million
- Price / Sales: 6.26
- Cash Flow: $2.82 per share
- Price / Cash: 14.64
- Book Value: $24.36 per share
- Price / Book: 1.69
- Annual Dividend: $0.84
- Dividend Yield: 2.1%
- Trailing EPS: $2.46
- Net Income: $175.09 million
- Net Margins: 33.87%
- Return on Equity: 10.60%
- Return on Assets: 1.36%
- Employees: 1,129
- Outstanding Shares: 80,820,000
Frequently Asked Questions for Cathay General Bancorp (NASDAQ:CATY)
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 announced a quarterly dividend on Thursday, November 16th. Stockholders of record on Friday, December 1st will be given a dividend of $0.24 per share on Monday, December 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from Cathay General Bancorp's previous quarterly dividend of $0.21. View Cathay General Bancorp's Dividend History.
How were Cathay General Bancorp's earnings last quarter?
Cathay General Bancorp (NASDAQ:CATY) posted its quarterly earnings data on Wednesday, October, 25th. The bank reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The bank earned $146.20 million during the quarter, compared to analyst estimates of $135.27 million. Cathay General Bancorp had a return on equity of 10.60% and a net margin of 33.87%. The business's quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. View Cathay General Bancorp's Earnings History.
When will Cathay General Bancorp make its next earnings announcement?
Where is Cathay General Bancorp's stock going? Where will Cathay General Bancorp's stock price be in 2017?
6 brokers have issued 1 year price targets for Cathay General Bancorp's stock. Their predictions range from $37.00 to $45.00. On average, they expect Cathay General Bancorp's share price to reach $41.33 in the next twelve months. View Analyst Ratings for Cathay General Bancorp.
Who are some of Cathay General Bancorp's key competitors?
Some companies that are related to Cathay General Bancorp include People's United Financial (PBCT), BankUnited (BKU), Berkshire Hills Bancorp (BHLB), WSFS Financial Corporation (WSFS), Walker & Dunlop (WD), Virgin Money Holdings PLC (VM), Meta Financial Group (CASH), Ellington Financial LLC (EFC), PennyMac Financial Services (PFSI), Ocwen Financial Corporation (OCN), Bank Of Kentucky Financial Corp (BKYF), America First Multifamily Investors, L.P. (ATAX), First Bank (FRBA), Arbuthnot Banking Group Plc (ARBB), Porter Bancorp (PBIB), Walter Investment Management Corp. (WAC) and TSB Banking Group PLC (TSB).
Who are Cathay General Bancorp's key executives?
Cathay General Bancorp's management team includes the folowing people:
- Dunson K. Cheng Ph.D., Executive Chairman of the Board of the Company and the Bank (Age 72)
- Pin Tai, President, Chief Executive Officer, Director (Age 63)
- Anthony M. Tang, Vice Chairman of the Board of the Company and the Bank (Age 63)
- Peter Wu Ph.D., Vice Chairman of the Board of the Company and the Bank (Age 68)
- Heng W. Chen, Chief Financial Officer, Executive Vice President, Treasurer of the Company and Executive Vice President, Chief Financial Officer of the Bank (Age 64)
- Donald S. Chow, Executive Vice President, Chief Credit Officer of the Bank (Age 66)
- Irwin Wong, Senior Executive Vice President, Chief Operating Officer of the Bank (Age 68)
- Kim R. Bingham, Executive Vice President, Chief Risk Officer of the Bank (Age 60)
- Thomas C. T. Chiu M.D., Director of the Company and the Bank (Age 69)
- Kelly L. Chan, Independent Director of the Company and the Bank (Age 70)
Who owns Cathay General Bancorp stock?
Cathay General Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.74%), Bank of New York Mellon Corp (1.82%), Prudential Financial Inc. (1.54%), Ameriprise Financial Inc. (1.20%), Principal Financial Group Inc. (1.17%) and Amundi Pioneer Asset Management Inc. (1.08%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Heng W Chen, Kelly L Chan, Kim R Bingham, Patrick Lee, Peter Wu, Pin Tai and Ting Y Liu. View Institutional Ownership Trends for Cathay General Bancorp.
Who sold Cathay General Bancorp stock? Who is selling Cathay General Bancorp stock?
Cathay General Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, New York State Common Retirement Fund, Dimensional Fund Advisors LP, First Trust Advisors LP, Amundi Pioneer Asset Management Inc., Crestline Management LP, American Century Companies Inc. and Schroder Investment Management Group. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Kim R Bingham, Patrick Lee, Peter Wu and Ting Y Liu. View Insider Buying and Selling for Cathay General Bancorp.
Who bought Cathay General Bancorp stock? Who is buying Cathay General Bancorp stock?
Cathay General Bancorp's stock was bought by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, APG Asset Management N.V., Empire Life Investments Inc., Russell Investments Group Ltd., Prudential Financial Inc., JPMorgan Chase & Co., Schwab Charles Investment Management Inc. and Lenox Wealth Advisors Inc.. View Insider Buying and Selling for Cathay General Bancorp.
How do I buy Cathay General Bancorp stock?
Shares of Cathay General Bancorp 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 Cathay General Bancorp stock can currently be purchased for approximately $41.25.
How big of a company is Cathay General Bancorp?
Cathay General Bancorp has a market capitalization of $3.33 billion and generates $532.44 million in revenue each year. The bank earns $175.09 million in net income (profit) each year or $2.46 on an earnings per share basis. Cathay General Bancorp employs 1,129 workers across the globe.
How can I contact Cathay General Bancorp?
Cathay General Bancorp's mailing address is 777 N BROADWAY, LOS ANGELES, CA 90012-2819, United States. The bank can be reached via phone at +1-213-6254700 or via email at [email protected]
MarketBeat Community Rating for Cathay General Bancorp (NASDAQ CATY)MarketBeat's community ratings are surveys of what our community members think about Cathay General Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Cathay General Bancorp (NASDAQ:CATY) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 3 Hold Ratings, 3 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$41.33 (0.20% upside)|
Consensus Price Target History for Cathay General Bancorp (NASDAQ:CATY)
Analysts' Ratings History for Cathay General Bancorp (NASDAQ:CATY)
(Data available from 11/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/3/2017||BMO Capital Markets||Boost Price Target||Outperform||$44.00 -> $45.00||N/A|
|10/26/2017||Royal Bank Of Canada||Boost Price Target||Outperform||$43.00 -> $45.00||N/A|
|10/6/2017||Piper Jaffray Companies||Reiterated Rating||Buy||$43.00||N/A|
|8/18/2017||SunTrust Banks, Inc.||Initiated Coverage||Hold||$39.00||Low|
|7/25/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$37.00||Low|
|4/21/2016||DA Davidson||Boost Price Target||Neutral||$30.00 -> $33.00||N/A|
|4/15/2016||Sandler O'Neill||Downgrade||Buy -> Hold||N/A|
Earnings History and Estimates Chart for Cathay General Bancorp (NASDAQ:CATY)
Earnings History by Quarter for Cathay General Bancorp (NASDAQ CATY)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/25/2017||Q3 2017||$0.60||$0.61||$135.27 million||$146.20 million||View||N/A|
|7/19/2017||Q2 2017||$0.61||$0.64||$129.10 million||$123.50 million||View||N/A|
|4/19/2017||Q1 2017||$0.60||$0.61||$119.30 million||$118.83 million||View||N/A|
|1/25/2017||Q4 2016||$0.60||$0.60||$114.49 million||$117.86 million||View||N/A|
|10/19/2016||Q3||$0.59||$0.58||$111.70 million||$112.64 million||View||Listen|
|7/20/2016||Q216||$0.44||$0.44||$111.80 million||$110.83 million||View||Listen|
|4/20/2016||Q116||$0.52||$0.57||$109.84 million||$109.91 million||View||Listen|
|1/20/2016||Q4||$0.51||$0.51||$109.30 million||$108.77 million||View||Listen|
|10/20/2015||Q315||$0.46||$0.47||$108.20 million||$106.80 million||View||Listen|
|7/21/2015||Q215||$0.49||$0.56||$99.10 million||$100.37 million||View||Listen|
|4/22/2015||Q115||$0.43||$0.45||$95.50 million||$96.48 million||View||N/A|
|1/21/2015||Q414||$0.44||$0.44||$97.63 million||$95.72 million||View||N/A|
|10/21/2014||Q314||$0.45||$0.45||$97.80 million||$100.80 million||View||Listen|
|7/22/2014||Q214||$0.41||$0.44||$95.17 million||$94.64 million||View||N/A|
|4/16/2014||Q114||$0.39||$0.39||$93.47 million||$97.22 million||View||N/A|
|7/17/2013||Q2 2013||$0.35||$0.35||$93.19 million||View||N/A|
|4/16/2013||Q1 2013||$0.31||$0.30||$91.11 million||View||N/A|
|1/23/2013||Q4 2012||$0.33||$0.31||$90.51 million||View||N/A|
Earnings Estimates for Cathay General Bancorp (NASDAQ:CATY)
2017 EPS Consensus Estimate: $2.41
2018 EPS Consensus Estimate: $2.66
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Cathay General Bancorp (NASDAQ:CATY)
|Payout Ratio:||34.15% (Trailing 12 Months of Earnings) |
33.73% (Based on This Year's Estimates)
31.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Cathay General Bancorp (NASDAQ CATY)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Cathay General Bancorp (NASDAQ CATY)
Insider Ownership Percentage: 5.76%
Institutional Ownership Percentage: 67.94%
Insider Trades by Quarter for Cathay General Bancorp (NASDAQ CATY)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/8/2017||Anthony M Tang||Vice Chairman||Sell||50,000||$38.01||$1,900,500.00|| |
|3/7/2017||Dunson K Cheng||Chairman||Sell||17,555||$39.27||$689,384.85|| |
|3/7/2017||Patrick Lee||Director||Sell||3,500||$39.17||$137,095.00|| |
|3/6/2017||Dunson K Cheng||Chairman||Sell||20,000||$39.25||$785,000.00|| |
|3/3/2017||Dunson K Cheng||Insider||Sell||61,417||$40.26||$2,472,648.42|| |
|2/27/2017||Kim R Bingham||EVP||Sell||10,000||$39.05||$390,500.00|| |
|2/16/2017||Dunson K Cheng||Insider||Sell||24,240||$38.93||$943,663.20|| |
|2/16/2017||Ting Y Liu||Director||Sell||13,000||$39.04||$507,520.00|| |
|2/14/2017||Anthony M Tang||Vice Chairman||Sell||50,000||$38.63||$1,931,500.00|| |
|2/1/2017||Peter Wu||Vice Chairman||Sell||50,000||$36.32||$1,816,000.00|| |
|12/5/2016||Anthony M Tang||Vice Chairman||Sell||32,340||$36.03||$1,165,210.20|| |
|12/5/2016||Dunson K Cheng||Insider||Sell||20,000||$36.07||$721,400.00|| |
|12/1/2016||Dunson K Cheng||Insider||Sell||60,000||$35.41||$2,124,600.00|| |
|11/28/2016||Dunson K Cheng||Insider||Sell||94,970||$35.95||$3,414,171.50|| |
|11/22/2016||Dunson K Cheng||Insider||Sell||40,000||$35.62||$1,424,800.00|| |
|11/18/2016||Dunson K Cheng||Insider||Sell||27,500||$35.61||$979,275.00|| |
|11/16/2016||Heng W Chen||CFO||Sell||44,000||$35.18||$1,547,920.00|| |
|11/15/2016||Heng W Chen||CFO||Sell||22,000||$35.24||$775,280.00|| |
|11/14/2016||Heng W Chen||CFO||Sell||12,000||$35.19||$422,280.00|| |
|8/30/2016||Peter Wu||Vice Chairman||Sell||30,000||$31.30||$939,000.00|| |
|3/9/2016||Anthony M Tang||Vice Chairman||Sell||50,000||$27.79||$1,389,500.00|| |
|3/4/2016||Kelly L Chan||Director||Buy||2,000||$8.73||$17,460.00|| |
|2/16/2016||Anthony M Tang||Vice Chairman||Sell||100,000||$27.55||$2,755,000.00|| |
|11/24/2015||Peter Wu||Vice Chairman||Sell||42,230||$34.32||$1,449,333.60|| |
|11/18/2015||Pin Tai||insider||Sell||25,000||$34.00||$850,000.00|| |
|10/28/2015||Anthony M Tang||Vice Chairman||Sell||129,688||$31.56||$4,092,953.28|| |
|6/5/2015||Kim R Bingham||EVP||Sell||35,000||$31.73||$1,110,550.00|| |
|6/3/2015||Irwin Wong||COO||Sell||20,000||$31.00||$620,000.00|| |
|3/3/2015||Peter Wu||Vice Chairman||Sell||6,500||$26.12||$169,780.00|| |
|11/20/2014||Anthony M Tang||Chairman||Sell||178,909||$25.60||$4,580,070.40|| |
|10/31/2014||Anthony M Tang||Chairman||Sell||400,000||$25.82||$10,328,000.00|| |
|12/17/2013||Perry Oei||General Counsel||Sell||1,400||$25.54||$35,756.00|| |
|12/17/2013||Peter Wu||COO||Sell||3,381||$25.54||$86,350.74|| |
|12/17/2013||Pin Tai||EVP||Sell||1,831||$25.54||$46,763.74|| |
|11/19/2013||Dunson Cheng||CEO||Sell||30,400||$25.45||$773,680.00|| |
|11/8/2013||Irwin Wong||EVP||Sell||42,468||$25.28||$1,073,591.04|| |
|11/8/2013||Perry Oei||SVP||Sell||10,000||$25.29||$252,900.00|| |
|10/30/2013||Irwin Wong||EVP||Sell||16,000||$25.22||$403,520.00|| |
|10/29/2013||Irwin Wong||EVP||Sell||73,712||$25.26||$1,861,965.12|| |
|10/28/2013||Perry Oei||SVP||Sell||10,080||$25.59||$257,947.20|| |
|10/28/2013||Pin Tai||EVP||Sell||16,180||$25.70||$415,826.00|| |
|10/25/2013||Ting Y Liu||Director||Sell||5,000||$25.48||$127,400.00|| |
|3/25/2013||Dunson K Cheng||CEO||Sell||4,637||$20.18||$93,574.66|| |
|3/25/2013||Kim R Bingham||EVP||Sell||1,516||$20.18||$30,592.88|| |
|3/25/2013||Peter Wu||COO||Sell||2,308||$20.18||$46,575.44|| |
Headline Trends for Cathay General Bancorp (NASDAQ:CATY)
Latest Headlines for Cathay General Bancorp (NASDAQ CATY)
Cathay General Bancorp (NASDAQ CATY) Chart for Friday, November, 17, 2017