NASDAQ:CATY - Cathay General Bancorp Stock Price, News, & Analysis

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$35.08 -0.81 (-2.26 %)
(As of 12/16/2018 10:10 AM ET)
Previous Close$35.08
Today's Range$35.06 - $36.19
52-Week Range$35.06 - $45.59
Volume320,691 shs
Average Volume410,688 shs
Market Capitalization$2.84 billion
P/E Ratio14.26
Dividend Yield3.53%
Beta1.25
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for automobile, household, and other consumer expenditures. In addition, the company offers letter of credit, wire transfer, forward currency spot and forward contract, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, trade financing, and other customary bank services, as well as securities and insurance products. As of February 28, 2018, it operated 41 branches in California; 12 branches in New York State; 3 branches in the Chicago, Illinois area; 3 branches in Washington State; 2 branches in Texas; and 1 each branch in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong, as well as 1 representative office in Taipei and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CATY
Previous Symbol
CUSIP14915010
Phone213-625-4700

Debt

Debt-to-Equity Ratio0.25
Current Ratio1.04
Quick Ratio1.04

Price-To-Earnings

Trailing P/E Ratio14.26
Forward P/E Ratio10.47
P/E Growth1.31

Sales & Book Value

Annual Sales$612.45 million
Price / Sales4.64
Cash Flow$2.6475 per share
Price / Cash Flow13.25
Book Value$24.42 per share
Price / Book1.44

Profitability

EPS (Most Recent Fiscal Year)$2.46
Net Income$176.04 million
Net Margins33.74%
Return on Equity12.64%
Return on Assets1.61%

Miscellaneous

Employees1,271
Outstanding Shares81,080,000
Market Cap$2.84 billion
OptionableOptionable

Cathay General Bancorp (NASDAQ:CATY) Frequently Asked Questions

What is Cathay General Bancorp's stock symbol?

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

How often does Cathay General Bancorp pay dividends? What is the dividend yield for Cathay General Bancorp?

Cathay General Bancorp announced a quarterly dividend on Thursday, November 15th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.31 per share on Thursday, December 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, November 30th. This is an increase from Cathay General Bancorp's previous quarterly dividend of $0.24. View Cathay General Bancorp's Dividend History.

How will Cathay General Bancorp's stock buyback program work?

Cathay General Bancorp announced that its Board of Directors has approved a stock repurchase program on Friday, October 26th 2018, which permits the company to repurchase $45,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) issued its quarterly earnings results on Wednesday, October, 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.85. The bank had revenue of $152.92 million for the quarter, compared to analyst estimates of $153.90 million. Cathay General Bancorp had a net margin of 33.74% and a return on equity of 12.64%. During the same period last year, the business earned $0.61 EPS. View Cathay General Bancorp's Earnings History.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, January 29th 2019. View Earnings Estimates for Cathay General Bancorp.

What price target have analysts set for CATY?

6 brokerages have issued 12-month price objectives for Cathay General Bancorp's shares. Their predictions range from $43.50 to $51.00. On average, they anticipate Cathay General Bancorp's share price to reach $47.75 in the next twelve months. This suggests a possible upside of 36.1% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

What is the consensus analysts' recommendation for Cathay General Bancorp?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cathay General Bancorp.

Has Cathay General Bancorp been receiving favorable news coverage?

Media stories about CATY stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cathay General Bancorp earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are some of Cathay General Bancorp's key competitors?

Who are Cathay General Bancorp's key executives?

Cathay General Bancorp's management team includes the folowing people:
  • Mr. Dunson K. Cheng, Exec. Chairman (Age 73)
  • Mr. Pin Tai, CEO, Pres & Director (Age 64)
  • Mr. Heng W. Chen, Exec. VP, Treasurer & CFO (Age 65)
  • Mr. Irwin Wong, Sr. Exec. VP & COO of Cathay Bank (Age 69)
  • Mr. Kim R. Bingham, Exec. VP & Chief Risk Officer of Cathay Bank (Age 61)

Who are Cathay General Bancorp's major shareholders?

Cathay General Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.47%), Vanguard Group Inc. (9.15%), Vanguard Group Inc (9.15%), Dimensional Fund Advisors LP (4.87%), Bank of New York Mellon Corp (1.62%) and LSV Asset Management (1.43%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Kelly L Chan, Kim R Bingham, Lisa L Kim, Patrick Lee, Peter Wu and Ting Y Liu. 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 Prudential Financial Inc., Morgan Stanley, AQR Capital Management LLC, ClariVest Asset Management LLC, TIAA CREF Investment Management LLC, Wedge Capital Management L L P NC, Quantbot Technologies LP and Comerica Bank. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Irwin Wong, Kim R Bingham, Lisa L Kim and Peter Wu. View Insider Buying and Selling for Cathay General Bancorp.

Which institutional investors are buying Cathay General Bancorp stock?

CATY stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Victory Capital Management Inc., Panagora Asset Management Inc., Vanguard Group Inc, Vanguard Group Inc. and Man Group plc. View Insider Buying and Selling for Cathay General Bancorp.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $35.08.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $2.84 billion and generates $612.45 million in revenue each year. The bank earns $176.04 million in net income (profit) each year or $2.46 on an earnings per share basis. Cathay General Bancorp employs 1,271 workers across the globe.

What is Cathay General Bancorp's official website?

The official website for Cathay General Bancorp is http://www.cathaybank.com.

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 or via email at [email protected]


MarketBeat Community Rating for Cathay General Bancorp (NASDAQ CATY)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  235 (Vote Outperform)
Underperform Votes:  260 (Vote Underperform)
Total Votes:  495
MarketBeat's community ratings are surveys of what our community members think about Cathay General Bancorp and other stocks. Vote "Outperform" if you believe CATY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CATY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/16/2018 by MarketBeat.com Staff

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