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NASDAQ:CATYCathay General Bancorp Stock Price, Forecast & News

$24.20
-0.24 (-0.98 %)
(As of 07/9/2020 04:00 PM ET)
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Compare
Today's Range
$23.69
Now: $24.20
$24.71
50-Day Range
$24.00
MA: $26.72
$30.98
52-Week Range
$17.58
Now: $24.20
$38.91
Volume325,900 shs
Average Volume430,485 shs
Market Capitalization$1.93 billion
P/E Ratio7.47
Dividend Yield5.12%
Beta1.5
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 December 31, 2018, it operated 26 branches in Southern California; 14 branches in Northern California; 11 branches in New York; 3 branches in Illinois area; 4 branches in Washington; 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.
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Cathay General Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.65 out of 5 stars


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$4.20 per share
Book Value$28.78 per share

Profitability

Net Income$279.14 million

Miscellaneous

Employees1,219
Market Cap$1.93 billion
Next Earnings Date7/15/2020 (Estimated)
OptionableOptionable

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Cathay General Bancorp (NASDAQ:CATY) Frequently Asked Questions

How has Cathay General Bancorp's stock been impacted by COVID-19 (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 stock has increased by 3.7% and is now trading at $24.20. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. 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 results on Monday, April, 27th. The bank reported $0.59 EPS for the quarter, missing the consensus estimate of $0.67 by $0.08. The bank earned $146.10 million during the quarter, compared to analyst estimates of $145.95 million. Cathay General Bancorp had a net margin of 32.18% and a return on equity of 11.46%. During the same period in the previous year, the company earned $0.83 EPS. 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 declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Tuesday, June 2nd will be paid a dividend of $0.31 per share on Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend is Monday, June 1st. 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 authorized a stock buyback plan on Tuesday, May 7th 2019, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 1.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

What price target have analysts set for CATY?

3 analysts have issued 1 year target prices for Cathay General Bancorp's shares. Their forecasts range from $27.00 to $39.00. On average, they expect Cathay General Bancorp's stock price to reach $31.33 in the next year. This suggests a possible upside of 29.5% from the stock's current price. View analysts' price targets for Cathay General Bancorp.

Has Cathay General Bancorp been receiving favorable news coverage?

Press coverage about CATY stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press 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 five, with scores nearest to five being the most favorable. Cathay General Bancorp earned a news sentiment score of -1.6 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news about Cathay General Bancorp.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,700,000 shares, a drop of 7.6% from the May 31st total of 1,840,000 shares. Based on an average trading volume of 511,700 shares, the short-interest ratio is presently 3.3 days. Currently, 2.3% of the company's stock are short sold. 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), Ford Motor (F), Pfizer (PFE), Verizon Communications (VZ), Broadcom (AVGO), Bank of America (BAC), CBL & Associates Properties (CBL), Enterprise Products Partners (EPD), Gilead Sciences (GILD) and AT&T (T).

Who are Cathay General Bancorp's key executives?

Cathay General Bancorp's management team includes the following 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)

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 institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.07%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Jane H Jelenko, Kelly L Chan, Kim R Bingham and Lisa L Kim. 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 Envestnet Asset Management Inc.. 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 activity 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 $24.20.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $1.93 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 1,219 workers across the globe.

What is Cathay General Bancorp's official website?

The official website for Cathay General Bancorp is 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]

This page was last updated on 7/9/2020 by MarketBeat.com Staff

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