S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NASDAQ:CATY

Cathay General Bancorp Stock Forecast, Price & News

$42.72
-0.55 (-1.27%)
(As of 12/3/2021 12:00 AM ET)
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Today's Range
$42.39
$43.66
50-Day Range
$38.25
$46.22
52-Week Range
$29.59
$46.42
Volume
298,178 shs
Average Volume
289,939 shs
Market Capitalization
$3.30 billion
P/E Ratio
11.51
Dividend Yield
3.14%
Beta
1.38
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Cathay General Bancorp logo

About Cathay General Bancorp

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 in 1962 and is headquartered in Los Angeles, CA.

Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:CATY
CUSIP
14915010
Employees
1,205
Year Founded
1962

Sales & Book Value

Annual Sales
$743.39 million
Cash Flow
$3.87 per share
Book Value
$31.90 per share

Profitability

Net Income
$228.86 million
Pretax Margin
51.26%

Debt

Price-To-Earnings

Miscellaneous

Free Float
73,956,000
Market Cap
$3.30 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/24/2021
Ex-Dividend
11/26/2021
Today
12/05/2021
Dividend Payable
12/09/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/26/2022

Social Links


MarketRank

Overall MarketRank

2.40 out of 5 stars

Finance Sector

372nd out of 1,333 stocks

State Commercial Banks Industry

72nd out of 231 stocks

Analyst Opinion: 1.0Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












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 year. 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 been impacted by 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. Since then, CATY shares have increased by 83.0% and is now trading at $42.72.
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) posted its earnings results on Sunday, October, 24th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.91 by $0.02. The bank had revenue of $164.70 million for the quarter, compared to analysts' expectations 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%. The company's revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $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 declared a quarterly dividend on Thursday, November 18th. Stockholders of record on Monday, November 29th will be paid a dividend of $0.44 per share on Thursday, December 9th. This represents a $1.76 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, November 26th. This is an increase 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 3.14%. 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 12 month 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 twelve months. This suggests a possible upside of 5.3% 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.

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 many different retail and institutional investors. Top institutional investors 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 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 purchased 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.
Compare Top Brokerages Here.

What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $42.72.

How much money does Cathay General Bancorp make?

Cathay General Bancorp has a market capitalization of $3.30 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.


This page was last updated on 12/5/2021 by MarketBeat.com Staff

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