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NASDAQ:CATY

Cathay General Bancorp (CATY) Stock Forecast, Price & News

$30.61
-0.25 (-0.81%)
(As of 05/30/2023 ET)
Compare
Today's Range
$30.26
$30.95
50-Day Range
$28.04
$35.12
52-Week Range
$27.24
$47.30
Volume
238,626 shs
Average Volume
361,495 shs
Market Capitalization
$2.22 billion
P/E Ratio
5.91
Dividend Yield
4.44%
Price Target
$40.17

Cathay General Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
31.2% Upside
$40.17 Price Target
Short Interest
Bearish
2.70% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
0.76mentions of Cathay General Bancorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$213,500 Bought Last Quarter
Proj. Earnings Growth
-2.08%
From $4.81 to $4.71 Per Share

Overall MarketRank

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

2.73 out of 5 stars

Finance Sector

287th out of 905 stocks

State Commercial Banks Industry

98th out of 192 stocks


CATY stock logo

About Cathay General Bancorp (NASDAQ:CATY) Stock

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 on April 19, 1962 and is headquartered in Los Angeles, CA.

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CATY Stock News Headlines

This NASDAQ Stock Is The Amazon Of Medical Supply
This Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More Now
This NASDAQ Stock Is The Amazon Of Medical Supply
This Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More Now
Cathay General Bancorp (NASDAQ:CATY) PT Lowered to $40.00
4 Analysts Have This to Say About Cathay General
Q1 2023 Cathay General Bancorp Earnings Call
Cathay General (CATY) Q1 Earnings Surpass Estimates
See More Headlines
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CATY Company Calendar

Ex-Dividend for 3/9 Dividend
2/24/2023
Dividend Payable
3/09/2023
Last Earnings
4/20/2023
Ex-Dividend for 6/9 Dividend
5/26/2023
Today
5/30/2023
Dividend Payable
6/09/2023
Next Earnings (Estimated)
7/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:CATY
CUSIP
14915010
Employees
1,178
Year Founded
1962

Price Target and Rating

Average Stock Price Forecast
$40.17
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+31.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$360.64 million
Pretax Margin
48.24%

Debt

Sales & Book Value

Annual Sales
$908.09 million
Cash Flow
$5.67 per share
Book Value
$33.25 per share

Miscellaneous

Free Float
69,185,000
Market Cap
$2.22 billion
Optionable
Optionable
Beta
1.14

Social Links


Key Executives

  • 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
  • May K. Chan
    Secretary, Senior VP & General Counsel
  • Georgia Lo
    Head-Investor Relations













CATY Stock - Frequently Asked Questions

Should I buy or sell Cathay General Bancorp stock right now?

5 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 and 1 buy rating for the stock. The consensus among Wall Street 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 2023?

5 brokers have issued 12-month target prices for Cathay General Bancorp's shares. Their CATY share price forecasts range from $34.00 to $47.00. On average, they anticipate the company's share price to reach $40.17 in the next twelve months. This suggests a possible upside of 31.2% 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 2023?

Cathay General Bancorp's stock was trading at $40.79 on January 1st, 2023. Since then, CATY stock has decreased by 25.0% and is now trading at $30.61.
View the best growth stocks for 2023 here
.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,860,000 shares, an increase of 64.6% from the April 30th total of 1,130,000 shares. Based on an average daily volume of 409,500 shares, the days-to-cover ratio is currently 4.5 days. Approximately 2.7% of the shares of the company are short sold.
View Cathay General Bancorp's Short Interest
.

When is Cathay General Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our CATY earnings forecast
.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Thursday, April, 20th. The bank reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.03. The bank earned $299.63 million during the quarter, compared to analysts' expectations of $206.73 million. Cathay General Bancorp had a net margin of 37.58% and a trailing twelve-month return on equity of 15.47%. During the same quarter in the previous year, the company earned $0.99 earnings per share.

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, May 18th. Investors of record on Tuesday, May 30th will be given a dividend of $0.34 per share on Friday, June 9th. This represents a $1.36 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Friday, May 26th.
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 4.41%. CATY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 26.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 28.87% 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."

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 shareholders include BlackRock Inc. (12.09%), Dimensional Fund Advisors LP (4.96%), State Street Corp (4.42%), Charles Schwab Investment Management Inc. (2.64%), Geode Capital Management LLC (1.99%) and Principal Financial Group Inc. (1.89%). Insiders that own company stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, Kim R Bingham, Peter Wu and Richard Sun.
View institutional ownership trends
.

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 $30.61.

How much money does Cathay General Bancorp make?

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $2.22 billion and generates $908.09 million in revenue each year. The bank earns $360.64 million in net income (profit) each year or $5.18 on an earnings per share basis.

How many employees does Cathay General Bancorp have?

The company employs 1,178 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 5/30/2023 by MarketBeat.com Staff

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