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

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$36.53 +0.20 (+0.55 %)
(As of 05/21/2019 01:09 PM ET)
Previous Close$36.33
Today's Range$36.33 - $36.78
52-Week Range$31.94 - $44.05
Volume108,432 shs
Average Volume479,067 shs
Market Capitalization$2.94 billion
P/E Ratio10.94
Dividend Yield3.43%
Beta1.26
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 December 31, 2018, it operated 26 branches in Southern California; 14 branches in Northern California; 11 branches in New York; 3 branches in Illinois area; 4 branches in Washington; 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

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CATY
CUSIP14915010
Phone213-625-4700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$719.30 million
Cash Flow$4.0276 per share
Book Value$26.91 per share

Profitability

Net Income$271.89 million

Miscellaneous

Employees1,277
Market Cap$2.94 billion
Next Earnings Date7/17/2019 (Estimated)
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 declared a quarterly dividend on Thursday, May 16th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.31 per share on Thursday, June 13th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, May 31st. View Cathay General Bancorp's Dividend History.

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

Cathay General Bancorp declared that its board has approved a stock buyback program on Tuesday, May 7th 2019, which authorizes the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) announced its earnings results on Wednesday, April, 17th. The bank reported $0.83 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.80 by $0.03. The bank had revenue of $156.24 million for the quarter, compared to the consensus estimate of $153.10 million. Cathay General Bancorp had a net margin of 36.43% and a return on equity of 13.08%. During the same period last year, the company earned $0.78 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 Wednesday, July 17th 2019. View Earnings Estimates for Cathay General Bancorp.

What price target have analysts set for CATY?

1 analysts have issued 12-month price targets for Cathay General Bancorp's shares. Their predictions range from $47.00 to $47.00. On average, they expect Cathay General Bancorp's stock price to reach $47.00 in the next year. This suggests a possible upside of 28.7% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

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

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 1 hold rating 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?

News headlines about CATY stock have trended somewhat positive this week, InfoTrie reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cathay General Bancorp earned a coverage optimism score of 1.3 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an impact on the company's share price in the near term.

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

What other stocks do shareholders of Cathay General Bancorp own?

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 74)
  • Mr. Pin Tai, CEO, Pres & Director (Age 65)
  • Mr. Heng W. Chen, Exec. VP, Treasurer & CFO (Age 66)
  • Mr. Irwin Wong, Sr. Exec. VP & Chief Admin. Officer of Cathay Bank (Age 70)
  • Mr. Kim R. Bingham, Exec. VP & Chief Risk Officer of Cathay Bank (Age 62)

Who are Cathay General Bancorp's major shareholders?

Cathay General Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.97%), Dimensional Fund Advisors LP (4.41%), Principal Financial Group Inc. (3.06%), Northern Trust Corp (2.95%), LSV Asset Management (1.49%) and Geode Capital Management LLC (1.39%). 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 and Peter Wu. View Institutional Ownership Trends for Cathay General Bancorp.

Which major investors are selling Cathay General Bancorp stock?

CATY stock was sold by a variety of institutional investors in the last quarter, including Public Employees Retirement Association of Colorado, Dimensional Fund Advisors LP, Amundi Pioneer Asset Management Inc., BlackRock Inc., Morgan Stanley, Martingale Asset Management L P, ClariVest Asset Management LLC and Man Group plc. 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 and Lisa L Kim. View Insider Buying and Selling for Cathay General Bancorp.

Which major investors are buying Cathay General Bancorp stock?

CATY stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Ceredex Value Advisors LLC, JPMorgan Chase & Co., Acadian Asset Management LLC, Great Lakes Advisors LLC, Raymond James & Associates, Goldman Sachs Group Inc. and Hillcrest Asset Management LLC. 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 $36.53.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $2.94 billion and generates $719.30 million in revenue each year. The bank earns $271.89 million in net income (profit) each year or $3.34 on an earnings per share basis. Cathay General Bancorp employs 1,277 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:  2.3 out of 5 (star star)
Outperform Votes:  248 (Vote Outperform)
Underperform Votes:  281 (Vote Underperform)
Total Votes:  529
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 5/21/2019 by MarketBeat.com Staff

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