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NASDAQ:CATY - Cathay General Bancorp Stock Price, Forecast & News

$36.91
+0.27 (+0.74 %)
(As of 01/28/2020 03:37 PM ET)
Today's Range
$36.74
Now: $36.91
$37.02
50-Day Range
$36.64
MA: $37.78
$38.73
52-Week Range
$31.89
Now: $36.91
$40.06
Volume14,052 shs
Average Volume235,920 shs
Market Capitalization$2.94 billion
P/E Ratio10.61
Dividend Yield3.37%
Beta1.29
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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CATY
CUSIP14915010
Phone213-625-4700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$814.02 million
Cash Flow$4.00 per share
Book Value$26.17 per share

Profitability

Net Income$279.14 million

Miscellaneous

Employees1,277
Market Cap$2.94 billion
Next Earnings Date4/15/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Thursday, November 21st. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.31 per share on Thursday, December 12th. This represents a $1.24 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, November 29th. View Cathay General Bancorp's Dividend History.

How will Cathay General Bancorp's stock buyback program work?

Cathay General Bancorp declared that its board has approved a share repurchase program on Tuesday, May 7th 2019, which allows the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 1.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) posted its quarterly earnings results on Wednesday, January, 22nd. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. The bank earned $149.86 million during the quarter, compared to analysts' expectations of $152.30 million. Cathay General Bancorp had a net margin of 34.29% and a return on equity of 12.67%. During the same quarter in the prior year, the business posted $0.80 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 15th 2020. View Earnings Estimates for Cathay General Bancorp.

What price target have analysts set for CATY?

2 equities research analysts have issued 12-month price objectives for Cathay General Bancorp's stock. Their forecasts range from $39.00 to $44.00. On average, they anticipate Cathay General Bancorp's stock price to reach $41.50 in the next twelve months. This suggests a possible upside of 12.6% 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 2 buy ratings 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?

Headlines about CATY stock have trended very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by monitoring 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 sentiment score of -3.0 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Cathay General Bancorp.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,620,000 shares, a decrease of 5.3% from the December 31st total of 1,710,000 shares. Based on an average daily trading volume, of 233,200 shares, the short-interest ratio is presently 6.9 days. Approximately 2.2% of the company's shares are sold short. View Cathay General Bancorp's Current Options Chain.

Who are some of Cathay General Bancorp's key competitors?

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), CBL & Associates Properties (CBL), Ford Motor (F), AT&T (T), Gilead Sciences (GILD), Martin Midstream Partners (MMLP), Dominion Energy (D), Oasis Petroleum (OAS), SandRidge Permian Trust (PER) and Pfizer (PFE).

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 institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.36%), Peregrine Capital Management LLC (0.25%), California Public Employees Retirement System (0.23%), Smith Graham & Co. Investment Advisors LP (0.16%), Arizona State Retirement System (0.05%) and Johanson Financial Advisors Inc. (0.04%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, 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 California Public Employees Retirement System, Arizona State Retirement System, Smith Graham & Co. Investment Advisors LP, Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Dupont Capital Management Corp and Peregrine Capital Management LLC. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Jane H Jelenko, 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 acquired by a variety of institutional investors in the last quarter, including Johanson Financial Advisors Inc., Sciencast Management LP, HGK Asset Management Inc. and State of Michigan Retirement System. 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, Robinhood, Fidelity and Charles Schwab.

What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $36.86.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $2.94 billion and generates $814.02 million in revenue each year. The bank earns $279.14 million in net income (profit) each year or $3.48 on an earnings per share basis. Cathay General Bancorp employs 1,277 workers across the globe.View Additional Information About Cathay General Bancorp.

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 (star star)
Outperform Votes:  301 (Vote Outperform)
Underperform Votes:  331 (Vote Underperform)
Total Votes:  632
MarketBeat'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 1/28/2020 by MarketBeat.com Staff

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