NASDAQ:CATY - Cathay General Bancorp Stock Price, Price Target & More

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$40.69 +0.13 (+0.32 %)
(As of 07/17/2018 08:00 AM ET)
Previous Close$40.56
Today's Range$40.42 - $40.93
52-Week Range$34.00 - $45.59
Volume403,800 shs
Average Volume391,334 shs
Market Capitalization$3.30 billion
P/E Ratio16.54
Dividend Yield2.37%
Beta1.42
Cathay General Bancorp logoCathay 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 February 28, 2018, it operated 41 branches in California; 12 branches in New York State; 3 branches in the Chicago, Illinois area; 3 branches in Washington State; 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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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.27
Current Ratio1.04
Quick Ratio1.04

Price-To-Earnings

Trailing P/E Ratio16.54
Forward P/E Ratio12.48
P/E Growth1.55

Sales & Book Value

Annual Sales$612.45 million
Price / Sales5.40
Cash Flow$2.6560 per share
Price / Cash15.32
Book Value$24.42 per share
Price / Book1.67

Profitability

EPS (Most Recent Fiscal Year)$2.46
Net Income$176.04 million
Net Margins29.83%
Return on Equity11.02%
Return on Assets1.40%

Miscellaneous

Employees1,271
Outstanding Shares81,240,000
Market Cap$3,295.09

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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, May 17th. Investors of record on Friday, June 1st will be paid a dividend of $0.24 per share on Monday, June 11th. This represents a $0.96 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, May 31st. View Cathay General Bancorp's Dividend History.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) posted its quarterly earnings results on Wednesday, April, 18th. The bank reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The bank earned $140.65 million during the quarter, compared to analyst estimates of $141.83 million. Cathay General Bancorp had a return on equity of 11.02% and a net margin of 29.83%. During the same quarter last year, the company posted $0.61 earnings per share. 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, July, 18th 2018. View Earnings Estimates for Cathay General Bancorp.

What price target have analysts set for CATY?

8 analysts have issued 1-year target prices for Cathay General Bancorp's shares. Their predictions range from $39.00 to $51.00. On average, they anticipate Cathay General Bancorp's share price to reach $45.9375 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price. View Analyst Ratings for Cathay General Bancorp.

What is the consensus analysts' recommendation for Cathay General Bancorp?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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

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 73)
  • Mr. Pin Tai, CEO, Pres & Director (Age 64)
  • Mr. Heng W. Chen, Exec. VP, Treasurer & CFO (Age 65)
  • Mr. Irwin Wong, Sr. Exec. VP & COO of Cathay Bank (Age 69)
  • Mr. Kim R. Bingham, Exec. VP & Chief Risk Officer of Cathay Bank (Age 61)

Has Cathay General Bancorp been receiving favorable news coverage?

Media coverage about CATY stock has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cathay General Bancorp earned a coverage optimism score of 0.17 on Accern's scale. They also gave news articles about the bank an impact score of 46.50 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Who are Cathay General Bancorp's major shareholders?

Cathay General Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.22%), Bank of Montreal Can (0.12%), Campbell & CO Investment Adviser LLC (0.04%) and Xact Kapitalforvaltning AB (0.02%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Heng W Chen, Irwin Wong, Kim R Bingham, Patrick Lee, Peter Wu and Ting Y Liu. 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 Peregrine Capital Management LLC and Bank of Montreal Can. Company insiders that have sold Cathay General Bancorp company stock in the last year include Dunson K Cheng, Irwin Wong, Kim R Bingham and Peter Wu. View Insider Buying and Selling for Cathay General Bancorp.

Which major investors are buying Cathay General Bancorp stock?

CATY stock was acquired by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC and Xact Kapitalforvaltning AB. 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, Scottrade, Fidelity and Charles Schwab.

What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $40.69.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $3.30 billion and generates $612.45 million in revenue each year. The bank earns $176.04 million in net income (profit) each year or $2.46 on an earnings per share basis. Cathay General Bancorp employs 1,271 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 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:  2.3 out of 5 (star star)
Outperform Votes:  203 (Vote Outperform)
Underperform Votes:  230 (Vote Underperform)
Total Votes:  433
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 7/17/2018 by MarketBeat.com Staff

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