Cathay General Bancorp (CATY) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.

5 brokers have issued 12-month target prices for Cathay General Bancorp's shares. Their CATY share price forecasts range from $34.00 to $47.00. On average, they anticipate the company's share price to reach $40.17 in the next twelve months. This suggests a possible upside of 31.2% from the stock's current price.
View analysts price targets for CATY or view top-rated stocks among Wall Street analysts.

Cathay General Bancorp's stock was trading at $40.79 on January 1st, 2023. Since then, CATY stock has decreased by 25.0% and is now trading at $30.61.
View the best growth stocks for 2023 here.

Cathay General Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,860,000 shares, an increase of 64.6% from the April 30th total of 1,130,000 shares. Based on an average daily volume of 409,500 shares, the days-to-cover ratio is currently 4.5 days. Approximately 2.7% of the shares of the company are short sold.
View Cathay General Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our CATY earnings forecast.

Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Thursday, April, 20th. The bank reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.03. The bank earned $299.63 million during the quarter, compared to analysts' expectations of $206.73 million. Cathay General Bancorp had a net margin of 37.58% and a trailing twelve-month return on equity of 15.47%. During the same quarter in the previous year, the company earned $0.99 earnings per share.

Cathay General Bancorp declared a quarterly dividend on Thursday, May 18th. Investors of record on Tuesday, May 30th will be given a dividend of $0.34 per share on Friday, June 9th. This represents a $1.36 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Friday, May 26th.
Read our dividend analysis for CATY.

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), First Trust SMID Cap Rising Dividend Achievers ETF (SDVY), Cambria Shareholder Yield ETF (SYLD), Invesco S&P MidCap Value with Momentum ETF (XMVM), SPDR S&P Regional Banking ETF (KRE) and SPDR S&P Bank ETF (KBE).

Cathay General Bancorp (NASDAQ:CATY) pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.41%. CATY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 26.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 28.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CATY.

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.

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).

Cathay General Bancorp trades on the NASDAQ under the ticker symbol "CATY."

Cathay General Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.09%), Dimensional Fund Advisors LP (4.96%), State Street Corp (4.42%), Charles Schwab Investment Management Inc. (2.64%), Geode Capital Management LLC (1.99%) and Principal Financial Group Inc. (1.89%). 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.

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.
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One share of CATY stock can currently be purchased for approximately $30.61.

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $2.22 billion and generates $908.09 million in revenue each year. The bank earns $360.64 million in net income (profit) each year or $5.18 on an earnings per share basis.

The company employs 1,178 workers across the globe.

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.