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

$31.25
-1.22 (-3.76 %)
(As of 02/28/2020 10:42 AM ET)
Today's Range
$31.04
Now: $31.25
$31.72
50-Day Range
$32.47
MA: $36.69
$37.92
52-Week Range
$31.89
Now: $31.25
$39.23
Volume8,787 shs
Average Volume206,950 shs
Market Capitalization$2.49 billion
P/E Ratio8.98
Dividend Yield3.71%
Beta1.28
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. Read More…

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$814.02 million
Cash Flow$3.73 per share
Book Value$26.17 per share

Profitability

Net Income$279.14 million

Miscellaneous

Employees1,277
Market Cap$2.49 billion
Next Earnings Date4/15/2020 (Estimated)
OptionableOptionable

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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, February 20th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.31 per share on Thursday, March 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Friday, February 28th. 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 approved a stock repurchase program on Tuesday, May 7th 2019, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) issued its earnings results on Wednesday, January, 22nd. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. The bank had revenue of $149.86 million for the quarter, compared to analyst estimates of $152.30 million. Cathay General Bancorp had a return on equity of 12.67% and a net margin of 34.29%. During the same quarter in the prior year, the firm earned $0.80 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, April 15th 2020. View Earnings Estimates for Cathay General Bancorp.

What price target have analysts set for CATY?

2 Wall Street analysts have issued 1 year price objectives for Cathay General Bancorp's stock. Their forecasts range from $39.00 to $44.00. On average, they expect Cathay General Bancorp's stock price to reach $41.50 in the next twelve months. This suggests a possible upside of 32.8% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

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

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

Has Cathay General Bancorp been receiving favorable news coverage?

Media coverage about CATY stock has been trending extremely negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of 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 -4.4 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Cathay General Bancorp.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a increase in short interest in February. As of February 14th, there was short interest totalling 1,790,000 shares, an increase of 12.6% from the January 30th total of 1,590,000 shares. Based on an average daily volume of 254,100 shares, the days-to-cover ratio is presently 7.0 days. Currently, 2.4% of the shares of the stock are short sold. View Cathay General Bancorp's Current Options Chain.

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

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 LP Unit (ET), CBL & Associates Properties (CBL), Ford Motor (F), AT&T (T), Gilead Sciences (GILD), Martin Midstream Partners (MMLP), Dominion Energy (D), Oasis Petroleum (OAS), SandRidge Permian Trust (PER) and Pfizer (PFE).

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 many different of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (4.15%), State Street Corp (3.54%), Victory Capital Management Inc. (1.66%), LSV Asset Management (1.65%), Victory Capital Management Inc. (1.65%) and Bank of New York Mellon Corp (1.62%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, Kelly L Chan, Kim R Bingham and Lisa L Kim. 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 State Street Corp, Bank of America Corp DE, PNC Financial Services Group Inc., Chicago Equity Partners LLC, Alliancebernstein L.P., Ceredex Value Advisors LLC, State of New Jersey Common Pension Fund D and California Public Employees Retirement System. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Jane H Jelenko, Kim R Bingham and Lisa L Kim. View Insider Buying and Selling for Cathay General Bancorp.

Which institutional investors are buying Cathay General Bancorp stock?

CATY stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Advisory Research Inc., Victory Capital Management Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, Bank of Montreal Can, Prudential Financial Inc. and Knights of Columbus Asset Advisors 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, Robinhood, Fidelity and Charles Schwab.

What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $31.25.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $2.49 billion and generates $814.02 million in revenue each year. The bank earns $279.14 million in net income (profit) each year or $3.48 on an earnings per share basis. Cathay General Bancorp employs 1,277 workers across the globe.View Additional Information About Cathay General Bancorp.

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:  307 (Vote Outperform)
Underperform Votes:  336 (Vote Underperform)
Total Votes:  643
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 2/28/2020 by MarketBeat.com Staff

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