NASDAQ:CATY Cathay General Bancorp - CATY Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Cathay General Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. $34.97 +0.16 (+0.46%) (As of 03/28/2023 10:34 AM ET) Add Compare Share Share Today's Range$34.70▼$35.1150-Day Range$33.82▼$45.3152-Week Range$32.89▼$47.30Volume23,330 shsAverage Volume375,512 shsMarket Capitalization$2.54 billionP/E Ratio7.21Dividend Yield3.89%Price Target$44.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Cathay General Bancorp MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside26.4% Upside$44.00 Price TargetShort InterestBearish3.27% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.29Upright™ Environmental ScoreNews Sentiment0.36Based on 6 Articles This WeekInsider TradingSelling Shares$226,000 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.42 out of 5 starsFinance Sector491st out of 891 stocksState Commercial Banks Industry130th out of 188 stocks 3.0 Analyst's Opinion Consensus RatingCathay General Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $44.00, Cathay General Bancorp has a forecasted upside of 26.4% from its current price of $34.81.Amount of Analyst CoverageCathay General Bancorp has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.27% of the float of Cathay General Bancorp has been sold short.Short Interest Ratio / Days to CoverCathay General Bancorp has a short interest ratio ("days to cover") of 6.2.Change versus previous monthShort interest in Cathay General Bancorp has recently increased by 20.97%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCathay General Bancorp is a leading dividend payer. It pays a dividend yield of 3.98%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCathay General Bancorp does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Cathay General Bancorp is 28.04%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Cathay General Bancorp will have a dividend payout ratio of 25.86% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend. Previous Next 3.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCathay General Bancorp has received a 29.01% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages", "Credit cards", "Debit cards", and "Corporate payment cards" products. See details.Environmental SustainabilityThe Environmental Impact score for Cathay General Bancorp is -0.29. Previous Next 1.9 News and Social Media Coverage News SentimentCathay General Bancorp has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Cathay General Bancorp this week, compared to 2 articles on an average week.Search InterestOnly 4 people have searched for CATY on MarketBeat in the last 30 days. This is a decrease of -85% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cathay General Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $226,000.00 in company stock.Percentage Held by InsidersOnly 4.30% of the stock of Cathay General Bancorp is held by insiders.Percentage Held by Institutions67.15% of the stock of Cathay General Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Cathay General Bancorp are expected to remain at $5.26 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cathay General Bancorp is 7.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Cathay General Bancorp is 7.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 136.34.Price to Book Value per Share RatioCathay General Bancorp has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cathay General Bancorp (NASDAQ:CATY) StockCathay 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.Read More Receive CATY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cathay General Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address CATY Stock News HeadlinesMarch 24, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Price Target Lowered to $39.00 at Truist FinancialMarch 20, 2023 | finance.yahoo.comCathay General Bancorp's (NASDAQ:CATY) investors will be pleased with their splendid 114% return over the last three yearsMarch 28, 2023 | Press Research (Ad)Nevada Could be the Source for America's Green FutureIndustry shift towards lithium driven by green energy goalsMarch 20, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Receives New Coverage from Analysts at StockNews.comFebruary 21, 2023 | finance.yahoo.comCathay General Bancorp (NASDAQ:CATY) Has Affirmed Its Dividend Of $0.34January 29, 2023 | finance.yahoo.comHere's Why Cathay General Bancorp (NASDAQ:CATY) Has Caught The Eye Of InvestorsJanuary 26, 2023 | finance.yahoo.comCathay General Bancorp (NASDAQ:CATY) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | markets.businessinsider.comWedbush Reaffirms Their Buy Rating on Cathay General Bancorp (CATY)March 28, 2023 | Press Research (Ad)Nevada Could be the Source for America's Green FutureIndustry shift towards lithium driven by green energy goalsJanuary 26, 2023 | finance.yahoo.comChang M. Liu Appointed to the Los Angeles Branch Board of Federal Reserve Bank of San Francisco and Elected as California Member Director of the Federal Home Loan Bank of San FranciscoJanuary 25, 2023 | seekingalpha.comCathay General Bancorp (CATY) Q4 2022 Earnings Call TranscriptJanuary 25, 2023 | msn.comCathay General Bancorp GAAP EPS of $1.33 misses by $0.05, revenue of $213.91M misses by $3.76MJanuary 25, 2023 | finance.yahoo.comCathay General Bancorp Announces Fourth Quarter and Full Year 2022 ResultsJanuary 2, 2023 | finance.yahoo.comWith 69% ownership, Cathay General Bancorp (NASDAQ:CATY) boasts of strong institutional backingDecember 30, 2022 | seekingalpha.comCathay General: Attractively Valued With A Bright Earnings OutlookDecember 2, 2022 | finance.yahoo.comAmEx (AXP) Unveils Platform to Simplify Digital B2B PaymentsNovember 22, 2022 | finance.yahoo.comCathay General Bancorp's (NASDAQ:CATY) Dividend Will Be $0.34November 16, 2022 | finance.yahoo.comShould You Buy Cathay General (CATY) After Golden Cross?November 15, 2022 | finance.yahoo.comAre Finance Stocks Lagging Cathay General Bancorp (CATY) This Year?November 14, 2022 | finance.yahoo.comAre Finance Stocks Lagging Cathay General Bancorp (CATY) This Year?November 11, 2022 | finance.yahoo.comCathay General Bancorp Third Quarter 2022 Earnings: Beats ExpectationsNovember 1, 2022 | finance.yahoo.comAre You Looking for a Top Momentum Pick? Why Cathay General (CATY) is a Great ChoiceOctober 25, 2022 | seekingalpha.comCathay General Bancorp (CATY) Q3 2022 Earnings Call TranscriptOctober 25, 2022 | finance.yahoo.comCathay General (CATY) Tops Q3 Earnings and Revenue EstimatesOctober 20, 2022 | finance.yahoo.comCATHAY BANK | UCLA ANDERSON FORECAST U.S.-CHINA ECONOMIC REPORT 2022 FALL UPDATE RELEASED The Influence of Current Events on U.S./China Relations and EconomiesOctober 20, 2022 | finance.yahoo.comHere's What to Expect Ahead of Cadence's (CDNS) Q3 EarningsOctober 20, 2022 | finance.yahoo.comCathay Bank | UCLA Anderson Forecast U.S.-China Economic Report 2022 Fall Update ReleasedSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CATY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cathay General Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address CATY Company Calendar Last Earnings1/25/2023Ex-Dividend for 3/9 Dividend2/24/2023Dividend Payable3/09/2023Today3/28/2023Next Earnings (Estimated)4/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:CATY CUSIP14915010 CIK861842 Webwww.cathaybank.com Phone(213) 625-4700Fax302-655-5049Employees1,178Year Founded1962Price Target and Rating Average Stock Price Forecast$44.00 High Stock Price Forecast$47.00 Low Stock Price Forecast$39.00 Forecasted Upside/Downside+26.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.85 Trailing P/E Ratio7.18 Forward P/E Ratio6.62 P/E GrowthN/ANet Income$360.64 million Net Margins39.71% Pretax Margin52.04% Return on Equity14.80% Return on Assets1.68% Debt Debt-to-Equity Ratio0.25 Current Ratio1.05 Quick Ratio1.05 Sales & Book Value Annual Sales$908.09 million Price / Sales2.78 Cash Flow$5.82 per share Price / Cash Flow5.98 Book Value$33.25 per share Price / Book1.05Miscellaneous Outstanding Shares72,560,000Free Float69,436,000Market Cap$2.53 billion OptionableOptionable Beta1.17 Social Links Key ExecutivesChang M. LiuPresident, Chief Executive Officer & DirectorIrwin WongChief Operating Officer & Senior Vice PresidentHeng W. ChenChief Financial Officer, Treasurer & Executive VPMay K. ChanSecretary, Senior VP & General CounselGeorgia LoHead-Investor RelationsKey CompetitorsAmeris BancorpNASDAQ:ABCBCVB FinancialNASDAQ:CVBFTexas Capital BancsharesNASDAQ:TCBIInternational BancsharesNASDAQ:IBOCIndependent BankNASDAQ:INDBView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCSold 951 shares on 3/23/2023Ownership: 0.115%Voya Investment Management LLCSold 1,483 shares on 2/28/2023Ownership: 0.110%Teachers Retirement System of The State of KentuckySold 2,800 shares on 2/22/2023Ownership: 0.016%Macquarie Group Ltd.Sold 799 shares on 2/21/2023Ownership: 0.064%Northwestern Mutual Investment Management Company LLCSold 3,862 shares on 2/21/2023Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions CATY Stock - Frequently Asked Questions Should I buy or sell Cathay General Bancorp stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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? 3 Wall Street analysts have issued 12 month price targets for Cathay General Bancorp's stock. Their CATY share price forecasts range from $39.00 to $47.00. On average, they anticipate the company's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 26.4% 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 at the beginning of 2023. Since then, CATY shares have decreased by 14.7% and is now trading at $34.81. View the best growth stocks for 2023 here. Are investors shorting Cathay General Bancorp? Cathay General Bancorp saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,250,000 shares, an increase of 21.0% from the February 28th total of 1,860,000 shares. Based on an average daily volume of 360,900 shares, the short-interest ratio is presently 6.2 days. Currently, 3.3% of the company's shares are sold short. 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, April 24th 2023. View our CATY earnings forecast. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) posted its quarterly earnings results on Wednesday, January, 25th. The bank reported $1.33 EPS for the quarter, missing the consensus estimate of $1.39 by $0.06. The bank earned $213.90 million during the quarter, compared to analyst estimates of $217.67 million. Cathay General Bancorp had a trailing twelve-month return on equity of 14.80% and a net margin of 39.71%. Cathay General Bancorp's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. 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, February 16th. Investors of record on Monday, February 27th will be paid a dividend of $0.34 per share on Thursday, March 9th. This represents a $1.36 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Friday, February 24th. Read our dividend analysis for CATY. What ETFs hold Cathay General Bancorp's stock? ETFs with the largest weight of Cathay General Bancorp (NASDAQ:CATY) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P MidCap Low Volatility ETF (XMLV), Cambria Shareholder Yield ETF (SYLD), Invesco S&P MidCap Value with Momentum ETF (XMVM), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV). 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 3.98%. CATY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 28.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 25.86% 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 investors include Dimensional Fund Advisors LP (4.42%), Charles Schwab Investment Management Inc. (2.73%), Geode Capital Management LLC (1.91%), LSV Asset Management (1.74%), Principal Financial Group Inc. (1.70%) and Boston Trust Walden Corp (1.60%). 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 $34.81. How much money does Cathay General Bancorp make? Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $2.53 billion and generates $908.09 million in revenue each year. The bank earns $360.64 million in net income (profit) each year or $4.85 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 3/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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