Cathay General Bancorp - CATY Stock Forecast, Price & News

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

1 Wall Street research analysts have issued 12 month price objectives for Cathay General Bancorp's shares. Their CATY share price forecasts range from $43.00 to $44.00. On average, they expect the company's share price to reach $43.33 in the next year. This suggests a possible upside of 8.9% 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 $42.99 at the start of the year. Since then, CATY shares have decreased by 7.4% and is now trading at $39.80.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our CATY earnings forecast.

Cathay General Bancorp (NASDAQ:CATY) announced its earnings results on Monday, July, 25th. The bank reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.03. The bank had revenue of $189.78 million for the quarter, compared to analysts' expectations of $184.53 million. Cathay General Bancorp had a net margin of 40.69% and a trailing twelve-month return on equity of 12.77%. During the same period last year, the business posted $0.97 EPS.

Cathay General Bancorp declared a quarterly dividend on Thursday, August 18th. Shareholders of record on Tuesday, August 30th will be given a dividend of $0.34 per share on Friday, September 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Monday, August 29th.
Read our dividend analysis for CATY.

Cathay General Bancorp (NASDAQ:CATY) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.39%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 26.51% 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 investors include State Street Corp (4.22%), Massachusetts Financial Services Co. MA (2.53%), Principal Financial Group Inc. (1.76%), Northern Trust Corp (1.60%), FMR LLC (1.31%) and Boston Trust Walden Corp (1.13%). Insiders that own company stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, Kim R Bingham, Lisa L Kim, Peter Wu and Richard Sun.
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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 $39.80.

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $2.96 billion and generates $721.11 million in revenue each year. The bank earns $298.30 million in net income (profit) each year or $4.08 on an earnings per share basis.

The company employs 1,156 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.