NASDAQ:CATY - Cathay General Bancorp Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $36.86 +1.17 (+3.28 %) (As of 01/16/2019 04:00 PM ET)Previous Close$35.69Today's Range$35.38 - $36.8852-Week Range$31.94 - $45.59Volume392,240 shsAverage Volume392,876 shsMarket Capitalization$2.87 billionP/E Ratio14.98Dividend Yield3.49%Beta1.33 ProfileDiscussionAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Receive CATY News and Ratings via Email Sign-up to receive the latest news and ratings for CATY and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:CATY Previous Symbol CUSIP14915010 Webwww.cathaybank.com Phone213-625-4700Debt Debt-to-Equity Ratio0.25 Current Ratio1.04 Quick Ratio1.04Price-To-Earnings Trailing P/E Ratio14.98 Forward P/E Ratio11.07 P/E Growth1.26 Sales & Book Value Annual Sales$612.45 million Price / Sales4.88 Cash Flow$2.7590 per share Price / Cash Flow13.36 Book Value$24.42 per share Price / Book1.51Profitability 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 Shares81,080,000Market Cap$2.87 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 declared a quarterly dividend on Thursday, November 15th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.31 per share on Thursday, December 13th. This represents a $1.24 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend 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 has initiated a stock repurchase plan on Friday, October 26th 2018, which allows the company to buyback $45,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Wednesday, October, 17th. The bank reported $0.85 earnings per share for the quarter, hitting analysts' consensus estimates of $0.85. The bank had revenue of $152.92 million for the quarter, compared to the consensus estimate of $153.90 million. Cathay General Bancorp had a return on equity of 12.64% and a net margin of 33.74%. During the same period in the previous year, the company posted $0.61 earnings per share. 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, January 23rd 2019. View Earnings Estimates for Cathay General Bancorp. What price target have analysts set for CATY? 4 brokers have issued twelve-month target prices for Cathay General Bancorp's stock. Their forecasts range from $43.50 to $51.00. On average, they anticipate Cathay General Bancorp's share price to reach $47.6250 in the next year. This suggests a possible upside of 29.2% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp. What is the consensus analysts' recommendation for Cathay General Bancorp? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 3 hold ratings and 1 buy 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? Media headlines about CATY stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cathay General Bancorp earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock's share price in the near term. Who are some of Cathay General Bancorp's key competitors? Some companies that are related to Cathay General Bancorp include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), Investors Bancorp (ISBC), First Financial Bankshares (FFIN), Wintrust Financial (WTFC), IBERIABANK (IBKC), Glacier Bancorp (GBCI), United Bankshares (UBSI), Associated Banc (ASB) and Bank Ozk (OZK). 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 shareholders include Boston Advisors LLC (0.05%) and Louisiana State Employees Retirement System (0.03%). 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 Boston Advisors LLC and Louisiana State Employees Retirement System. 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. 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 $36.86. How big of a company is Cathay General Bancorp? Cathay General Bancorp has a market capitalization of $2.87 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 ( )Outperform Votes: 236 (Vote Outperform)Underperform Votes: 261 (Vote Underperform)Total Votes: 497MarketBeat'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 1/16/2019 by MarketBeat.com StaffFeatured Article: How much can an individual set aside as a catch-up contribution?