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NASDAQ:CATYCathay General Bancorp Stock Price, Forecast & News

$26.21
+1.36 (+5.47 %)
(As of 08/7/2020 03:02 PM ET)
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Compare
Today's Range
$24.81
Now: $26.21▼
$26.32
50-Day Range
$24.01
MA: $25.17▼
$27.99
52-Week Range
$17.58
Now: $26.21▼
$38.91
Volume24,185 shs
Average Volume308,317 shs
Market Capitalization$2.09 billion
P/E Ratio8.68
Dividend Yield4.99%
Beta1.44
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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Cathay General Bancorp logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.2Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

3.05 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CATY
Previous Symbol
CUSIP14915010
CIK861842
Webwww.cathaybank.com
Phone213-625-4700

Debt

Debt-to-Equity Ratio0.16
Current Ratio1.05
Quick Ratio1.06

Price-To-Earnings

Trailing P/E Ratio8.68
Forward P/E Ratio10.57
P/E GrowthN/A

Sales & Book Value

Annual Sales$814.02 million
Price / Sales2.56
Cash Flow$4.47 per share
Price / Cash Flow5.86
Book Value$29.44 per share
Price / Book0.89

Profitability

EPS (Most Recent Fiscal Year)$3.48
Net Income$279.14 million
Net Margins30.55%
Return on Equity10.50%
Return on Assets1.31%

Miscellaneous

Employees1,219
Outstanding Shares79,560,000
Market Cap$2.09 billion
Next Earnings Date10/21/2020 (Estimated)
OptionableOptionable
$26.21
+1.36 (+5.47 %)
(As of 08/7/2020 03:02 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cathay General Bancorp (NASDAQ:CATY) Frequently Asked Questions

How has Cathay General Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Cathay General Bancorp's stock was trading at $23.34 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CATY shares have increased by 12.0% and is now trading at $26.15.
View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cathay General Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cathay General Bancorp.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
View our earnings forecast for Cathay General Bancorp.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) released its earnings results on Monday, July, 27th. The bank reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.11. The bank had revenue of $150.08 million for the quarter, compared to the consensus estimate of $144.33 million. Cathay General Bancorp had a net margin of 30.55% and a return on equity of 10.50%. During the same period in the previous year, the company earned $0.90 earnings per share.
View Cathay General Bancorp's earnings history.

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 21st. Investors of record on Tuesday, June 2nd will be given a dividend of $0.31 per share on Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Monday, June 1st.
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 initiated a share buyback program on Tuesday, May 7th 2019, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for CATY?

3 analysts have issued 1-year target prices for Cathay General Bancorp's stock. Their forecasts range from $27.00 to $39.00. On average, they anticipate Cathay General Bancorp's stock price to reach $31.33 in the next twelve months. This suggests a possible upside of 19.8% from the stock's current price.
View analysts' price targets for Cathay General Bancorp.

Has Cathay General Bancorp been receiving favorable news coverage?

Media headlines about CATY stock have been trending positive on Friday, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cathay General Bancorp earned a news sentiment score of 2.1 on InfoTrie's scale. They also assigned media stories about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about Cathay General Bancorp.

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

Some companies that are related to Cathay General Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
View all 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), Ford Motor (F), Pfizer (PFE), Verizon Communications (VZ), Broadcom (AVGO), Bank of America (BAC), CBL & Associates Properties (CBL), Enterprise Products Partners (EPD), Gilead Sciences (GILD) and AT&T (T).

Who are Cathay General Bancorp's key executives?

Cathay General Bancorp's management team includes the following 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)

What is Cathay General Bancorp's stock symbol?

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

Who are Cathay General Bancorp's major shareholders?

Cathay General Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (4.17%), LSV Asset Management (1.51%), Victory Capital Management Inc. (1.41%), GW&K Investment Management LLC (1.24%), Boston Trust Walden Corp (0.62%) and First Trust Advisors LP (0.34%). Company insiders that own Cathay General Bancorp stock include Anthony M Tang, Dunson K Cheng, Jane H Jelenko, Kelly L Chan, Kim R Bingham, Lisa L Kim and Richard Sun.
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 Victory Capital Management Inc., Wedge Capital Management L L P NC, LSV Asset Management, Principal Financial Group Inc., GW&K Investment Management LLC, UBS Group AG, Comerica Bank, and Public Employees Retirement Association of Colorado. 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 activity 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 First Trust Advisors LP, WESPAC Advisors SoCal LLC, Dupont Capital Management Corp, Boston Trust Walden Corp, Duality Advisers LP, SG Americas Securities LLC, Mackay Shields LLC, and Denali Advisors LLC. Company insiders that have bought Cathay General Bancorp stock in the last two years include Kelly L Chan, and Richard Sun.
View insider buying and selling activity 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 $26.15.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $2.08 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 1,219 workers across the globe.

What is Cathay General Bancorp's official website?

The official website for Cathay General Bancorp is 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]

This page was last updated on 8/7/2020 by MarketBeat.com Staff
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