Cathay General Bancorp Stock Forecast, Price & News

Cathay General Bancorp (NASDAQ:CATY) Frequently Asked Questions

Is Cathay General Bancorp a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street 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.

How has Cathay General Bancorp's stock price been impacted by Coronavirus (COVID-19)?

Cathay General Bancorp's stock was trading at $23.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CATY stock has increased by 86.0% and is now trading at $43.42.
View which stocks have been most impacted by COVID-19.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, January 26th 2022.
View our earnings forecast for Cathay General Bancorp.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) announced its quarterly earnings data on Sunday, October, 24th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The bank had revenue of $164.70 million for the quarter, compared to analyst estimates of $164.30 million. Cathay General Bancorp had a net margin of 41.32% and a trailing twelve-month return on equity of 12.00%. Cathay General Bancorp's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share.
View Cathay General Bancorp's earnings history.

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 18th. Shareholders of record on Monday, November 29th will be given a dividend of $0.44 per share on Thursday, December 9th. This represents a $1.76 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Friday, November 26th. This is a boost from Cathay General Bancorp's previous quarterly dividend of $0.31.
View Cathay General Bancorp's dividend history.

Is Cathay General Bancorp a good dividend stock?

Cathay General Bancorp pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.25%. Cathay General Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Cathay General Bancorp is 36.66%. 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 36.17% 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 analysts have issued 1-year price targets for Cathay General Bancorp's stock. Their forecasts range from $44.00 to $47.00. On average, they expect Cathay General Bancorp's share price to reach $45.00 in the next year. This suggests a possible upside of 3.6% 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.

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

Some companies that are related to Cathay General Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), SVB Financial Group (SIVB), First Republic Bank (FRC), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Regions Financial (RF), KeyCorp (KEY), M&T Bank (MTB), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and Cullen/Frost Bankers (CFR).
View all of CATY's 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 (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. (11.50%), Dimensional Fund Advisors LP (3.76%), Massachusetts Financial Services Co. MA (2.69%), Principal Financial Group Inc. (1.87%), Geode Capital Management LLC (1.81%) and Bank of New York Mellon Corp (1.59%). 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 institutional investors are selling Cathay General Bancorp stock?

CATY stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Citadel Advisors LLC, Principal Financial Group Inc., BlackRock Inc., Balyasny Asset Management LLC, Balyasny Asset Management LLC, Citigroup Inc., and Geode Capital Management 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 Peter Wu.
View insider buying and selling activity for Cathay General Bancorp or view top insider-selling stocks.

Which institutional investors are buying Cathay General Bancorp stock?

CATY stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Massachusetts Financial Services Co. MA, Millennium Management LLC, Two Sigma Investments LP, Hotchkis & Wiley Capital Management LLC, Renaissance Technologies LLC, AlphaCrest Capital Management LLC, and Bank of New York Mellon Corp.
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.
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What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $43.42.

How much money does Cathay General Bancorp make?

Cathay General Bancorp has a market capitalization of $3.35 billion and generates $743.39 million in revenue each year. The bank earns $228.86 million in net income (profit) each year or $3.71 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, via email at [email protected], or via fax at 302-655-5049.