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S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
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S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
Is SoundHound Voice AI the Next Big Thing?
Don’t Let The Markets Break Your Heart (Ad)pixel
CVS Health Corporation Is Coiled And Ready To Spring Higher 
Double Meat: Beyond Meat Could Be 2023’s Next Two-Bagger
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TG Therapeutics Stock 300% Rally Has Legs Yet
NASDAQ:CATY

Cathay General Bancorp - CATY Stock Forecast, Price & News

$44.67
-0.59 (-1.30%)
(As of 02/8/2023 12:00 AM ET)
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Compare
Today's Range
$44.56
$45.15
50-Day Range
$39.96
$46.43
52-Week Range
$37.37
$48.88
Volume
167,146 shs
Average Volume
273,121 shs
Market Capitalization
$3.32 billion
P/E Ratio
9.21
Dividend Yield
3.04%
Price Target
$45.00

Cathay General Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.7% Upside
$45.00 Price Target
Short Interest
Bearish
1.83% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.29
Upright™ Environmental Score
News Sentiment
0.46mentions of Cathay General Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$563,270 Sold Last Quarter
Proj. Earnings Growth
3.02%
From $5.29 to $5.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.93 out of 5 stars

Finance Sector

648th out of 857 stocks

State Commercial Banks Industry

144th out of 181 stocks

CATY stock logo

About Cathay General Bancorp (NASDAQ:CATY) Stock

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 on April 19, 1962 and is headquartered in Los Angeles, CA.

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CATY Stock News Headlines

Free Stock Analysis Report: See the Right Way to Analyze Stocks
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. pixel
Wedbush Reaffirms Their Buy Rating on Cathay General Bancorp (CATY)
Free Stock Analysis Report: See the Right Way to Analyze Stocks
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. pixel
Should You Buy Cathay General (CATY) After Golden Cross?
Cathay General: Strong Earnings Growth On The Cards
CATY Cathay General Bancorp
See More Headlines
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CATY Company Calendar

Ex-Dividend for 12/9 Dividend
11/28/2022
Dividend Payable
12/09/2022
Last Earnings
1/25/2023
Today
2/08/2023
Next Earnings (Estimated)
4/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:CATY
CUSIP
14915010
Employees
1,156
Year Founded
1962

Price Target and Rating

Average Stock Price Forecast
$45.00
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$360.64 million
Pretax Margin
52.04%

Debt

Sales & Book Value

Annual Sales
$908.09 million
Cash Flow
$5.42 per share
Book Value
$33.25 per share

Miscellaneous

Free Float
71,214,000
Market Cap
$3.32 billion
Optionable
Optionable
Beta
1.18

Social Links


Key Executives

  • 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
  • Georgia Lo
    Head-Investor Relations
  • May K. Chan
    Secretary













CATY Stock - Frequently Asked Questions

Should I buy or sell Cathay General Bancorp stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last twelve months. There are currently 2 hold ratings 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.

What is Cathay General Bancorp's stock price forecast for 2023?

2 Wall Street research analysts have issued 12 month price targets for Cathay General Bancorp's shares. Their CATY share price forecasts range from $43.00 to $47.00. On average, they expect the company's stock price to reach $45.00 in the next twelve months. This suggests a possible upside of 0.7% 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 start of the year. Since then, CATY shares have increased by 9.5% and is now trading at $44.67.
View the best growth stocks for 2023 here
.

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 data on Wednesday, January, 25th. The bank reported $1.33 earnings per share 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 net margin of 39.71% and a trailing twelve-month return on equity of 14.80%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the firm 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, November 17th. Shareholders of record on Tuesday, November 29th will be paid a dividend of $0.34 per share on Friday, December 9th. This represents a $1.36 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Monday, November 28th.
Read our dividend analysis for CATY
.

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 3.04%. 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 24.95% 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 number of retail and institutional investors. Top institutional shareholders include LSV Asset Management (1.74%), Boston Trust Walden Corp (1.60%), Ceredex Value Advisors LLC (0.43%), Nordea Investment Management AB (0.25%), Swiss National Bank (0.23%) and New York State Teachers Retirement System (0.23%). 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 $44.67.

How much money does Cathay General Bancorp make?

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $3.32 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 1,156 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 2/9/2023 by MarketBeat.com Staff