NASDAQ:CATY - Cathay General Bancorp Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $39.40 +0.06 (+0.15 %) (As of 02/19/2019 01:42 PM ET)Previous Close$39.34Today's Range$38.94 - $39.4352-Week Range$31.94 - $44.05Volume120,464 shsAverage Volume506,113 shsMarket Capitalization$3.19 billionP/E Ratio11.80Dividend Yield3.22%Beta1.29 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 February 28, 2018, it operated 41 branches in California; 12 branches in New York State; 3 branches in the Chicago, Illinois area; 3 branches in Washington State; 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 Webwww.cathaybank.com Phone213-625-4700Debt Debt-to-Equity Ratio0.35 Current Ratio1.06 Quick Ratio1.04Price-To-Earnings Trailing P/E Ratio11.80 Forward P/E Ratio11.26 P/E Growth1.38 Sales & Book Value Annual Sales$719.30 million Price / Sales4.44 Cash Flow$3.9126 per share Price / Cash Flow10.07 Book Value$26.17 per share Price / Book1.51Profitability EPS (Most Recent Fiscal Year)$3.34 Net Income$272.17 million Net Margins37.84% Return on Equity13.18% Return on Assets1.68%Miscellaneous Employees1,271 Outstanding Shares81,076,000Market Cap$3.19 billion 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, November 15th. Investors of record on Monday, December 3rd will be given a dividend of $0.31 per share on Thursday, December 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Friday, November 30th. This is a positive change from Cathay General Bancorp's previous quarterly dividend of $0.24. View Cathay General Bancorp's Dividend History. How will Cathay General Bancorp's stock buyback program work? Cathay General Bancorp announced that its Board of Directors has initiated a share buyback program on Friday, October 26th 2018, which allows the company to repurchase $45,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) released its quarterly earnings results on Wednesday, January, 23rd. The bank reported $0.80 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.80. The bank earned $155.88 million during the quarter, compared to analysts' expectations of $155.75 million. Cathay General Bancorp had a net margin of 37.84% and a return on equity of 13.18%. During the same period last year, the company earned $0.61 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, April 17th 2019. View Earnings Estimates for Cathay General Bancorp. What price target have analysts set for CATY? 3 analysts have issued 1-year target prices for Cathay General Bancorp's shares. Their predictions range from $43.50 to $49.00. On average, they expect Cathay General Bancorp's share price to reach $46.50 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp. What is the consensus analysts' recommendation for Cathay General Bancorp? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cathay General Bancorp. Has Cathay General Bancorp been receiving favorable news coverage? News stories about CATY stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of 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 0.9 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. 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), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Investors Bancorp (ISBC), IBERIABANK (IBKC), First Financial Bankshares (FFIN), Bank Ozk (OZK), Wintrust Financial (WTFC), United Bankshares (UBSI), Associated Banc (ASB) and First Hawaiian (FHB). 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 & COO 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 variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.01%), Dimensional Fund Advisors LP (4.62%), Northern Trust Corp (2.91%), Bank of New York Mellon Corp (1.64%), Nuveen Asset Management LLC (1.55%) and Principal Financial Group Inc. (1.46%). 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, Patrick Lee and Peter Wu. 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 Prudential Financial Inc., Dimensional Fund Advisors LP, Thrivent Financial for Lutherans, Boston Advisors LLC, Millennium Management LLC, Amundi Pioneer Asset Management Inc., Two Sigma Investments LP and SG Americas Securities 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 major investors are buying Cathay General Bancorp stock? CATY stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, BlackRock Inc., Mackenzie Financial Corp, Geode Capital Management LLC, Rhumbline Advisers, Principal Financial Group Inc., MUFG Securities EMEA plc and GW&K Investment Management LLC. 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 $39.31. How big of a company is Cathay General Bancorp? Cathay General Bancorp has a market capitalization of $3.19 billion and generates $719.30 million in revenue each year. The bank earns $272.17 million in net income (profit) each year or $3.34 on an earnings per share basis. Cathay General Bancorp employs 1,271 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: 2.4 out of 5 ( )Outperform Votes: 239 (Vote Outperform)Underperform Votes: 263 (Vote Underperform)Total Votes: 502MarketBeat'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 2/19/2019 by MarketBeat.com StaffFeatured Article: Is the QQQ ETF safe?