S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
NASDAQ:CATY

Cathay General Bancorp Stock Forecast, Price & News

$40.94
+0.71 (+1.76 %)
(As of 09/24/2021 12:00 AM ET)
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Today's Range
$40.07
$41.05
50-Day Range
$35.81
$40.94
52-Week Range
$20.78
$45.19
Volume353,936 shs
Average Volume346,564 shs
Market Capitalization$3.20 billion
P/E Ratio11.73
Dividend Yield3.08%
Beta1.51
30 days | 90 days | 365 days | Advanced Chart
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Cathay General Bancorp logo

About Cathay General Bancorp

Cathay General Bancorp is a holding company, which engages in the provision of financial services. It offers commercial mortgage loans, commercial loans, small business administration 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 company was founded in 1962 and is headquartered in Los Angeles, CA.

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MarketRank

Overall MarketRank

2.30 out of 5 stars

Finance Sector

233rd out of 1,331 stocks

State Commercial Banks Industry

47th out of 232 stocks

Analyst Opinion: 1.0Community Rank: 4.3Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Cathay General Bancorp (NASDAQ:CATY) Frequently Asked Questions

Is Cathay General Bancorp a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Cathay General Bancorp stock. 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 analyst ratings for Cathay General Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than Cathay General Bancorp?

Wall Street analysts have given Cathay General Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cathay General Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,530,000 shares, an increase of 21.4% from the August 15th total of 1,260,000 shares. Based on an average daily trading volume, of 289,300 shares, the short-interest ratio is currently 5.3 days. Currently, 2.1% of the shares of the stock are sold short.
View Cathay General Bancorp's Short Interest
.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for Cathay General Bancorp
.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) released its earnings results on Sunday, July, 25th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The bank had revenue of $160.58 million for the quarter, compared to the consensus estimate of $156.05 million. Cathay General Bancorp had a net margin of 39.05% and a trailing twelve-month return on equity of 11.47%.
View Cathay General Bancorp's earnings history
.

How has Cathay General Bancorp's stock been impacted by Coronavirus?

Cathay General Bancorp's stock was trading at $23.34 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CATY shares have increased by 75.4% and is now trading at $40.94.
View which stocks have been most impacted by COVID-19
.

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 Saturday, August 21st. Stockholders of record on Monday, August 30th will be given a dividend of $0.31 per share on Thursday, September 9th. This represents a $1.24 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Friday, August 27th.
View Cathay General Bancorp's dividend history
.

Is Cathay General Bancorp a good dividend stock?

Cathay General Bancorp pays an annual dividend of $1.24 per share and currently has a dividend yield of 3.08%. Cathay General Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Cathay General Bancorp is 43.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cathay General Bancorp will have a dividend payout ratio of 34.16% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend.
View Cathay General Bancorp's dividend history.

What price target have analysts set for CATY?

4 brokers have issued 1 year target prices for Cathay General Bancorp's stock. Their forecasts range from $44.00 to $47.00. On average, they anticipate Cathay General Bancorp's stock price to reach $45.00 in the next year. This suggests a possible upside of 9.9% from the stock's current price.
View analysts' price targets for Cathay General Bancorp
or view top-rated stocks among Wall Street analysts.

Who are Cathay General Bancorp's key executives?

Cathay General Bancorp's management team includes the following people:
  • Chang M. Liu, President, Chief Executive Officer & Director
  • Irwin Wong, Chief Operating Officer & Senior Vice President
  • Heng W. Chen, Chief Financial Officer, Treasurer & Executive VP
  • Lisa L. Kim, Secretary, General Counsel & Executive VP
  • Georgia Lo, Head-Investor Relations

What is Dunson K. Cheng's approval rating as Cathay General Bancorp's CEO?

30 employees have rated Cathay General Bancorp CEO Dunson K. Cheng on Glassdoor.com. Dunson K. Cheng has an approval rating of 50% among Cathay General Bancorp's employees. This puts Dunson K. Cheng in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.43%), Vanguard Group Inc. (9.46%), State Street Corp (4.77%), Dimensional Fund Advisors LP (3.63%), Massachusetts Financial Services Co. MA (2.58%) and Principal Financial Group Inc. (2.14%). Company insiders that own Cathay General Bancorp 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 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 JPMorgan Chase & Co., Nuveen Asset Management LLC, BlackRock Inc., Dimensional Fund Advisors LP, Citadel Advisors LLC, Goldman Sachs Group Inc., California Public Employees Retirement System, and Schonfeld Strategic Advisors LLC. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, and Peter Wu.
View insider buying and selling activity for Cathay General Bancorp
or view top insider-selling stocks.

Which major investors are buying Cathay General Bancorp stock?

CATY stock was acquired by a variety of institutional investors in the last quarter, including Amundi, FMR LLC, State Street Corp, Millennium Management LLC, Vanguard Group Inc., Balyasny Asset Management LLC, Bank of Montreal Can, and Victory Capital Management Inc..
View insider buying and selling activity for Cathay General Bancorp
or or view top insider-buying stocks.

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 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 $40.94.

How much money does Cathay General Bancorp make?

Cathay General Bancorp has a market capitalization of $3.20 billion and generates $743.39 million in revenue each year. The bank earns $228.86 million in net income (profit) each year or $2.87 on an earnings per share basis.

How many employees does Cathay General Bancorp have?

Cathay General Bancorp employs 1,205 workers across the globe.

When was Cathay General Bancorp founded?

Cathay General Bancorp was founded in 1962.

What is Cathay General Bancorp's official website?

The official website for Cathay General Bancorp is www.cathaybank.com.

Where are Cathay General Bancorp's headquarters?

Cathay General Bancorp is headquartered at 777 N BROADWAY, LOS ANGELES CA, 90012.

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].


This page was last updated on 9/25/2021 by MarketBeat.com Staff

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