Cathay General Bancorp - CATY Stock Forecast, Price & News

1 Wall Street 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 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 equities research analysts have issued 12 month price objectives for Cathay General Bancorp's shares. Their CATY share price forecasts range from $43.00 to $47.00. On average, they anticipate the company's stock price to reach $44.25 in the next twelve months. This suggests a possible upside of 0.6% 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 beginning of the year. Since then, CATY shares have increased by 2.3% and is now trading at $44.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our CATY earnings forecast.

Cathay General Bancorp (NASDAQ:CATY) released its quarterly earnings data on Monday, October, 24th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.05. The bank had revenue of $205.41 million for the quarter, compared to analysts' expectations of $205.26 million. Cathay General Bancorp had a trailing twelve-month return on equity of 13.93% and a net margin of 41.20%. Cathay General Bancorp's revenue was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share.

Cathay General Bancorp declared a quarterly dividend on Thursday, November 17th. Investors of record on Tuesday, November 29th will be given a dividend of $0.34 per share on Friday, December 9th. This represents a $1.36 annualized dividend and a yield of 3.09%. The ex-dividend date is Monday, November 28th.
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 2.93%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.22%. 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.

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.58%), Vanguard Group Inc. (9.77%), State Street Corp (4.16%), Dimensional Fund Advisors LP (4.11%), Massachusetts Financial Services Co. MA (2.28%) and LSV Asset Management (1.72%). 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 $44.00.

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $3.27 billion and generates $721.11 million in revenue each year. The bank earns $298.30 million in net income (profit) each year or $4.50 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.