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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:CATY

Cathay General Bancorp Stock Forecast, Price & News

$39.86
+0.71 (+1.81%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$38.69
$39.99
50-Day Range
$37.60
$42.96
52-Week Range
$35.51
$48.88
Volume
327,870 shs
Average Volume
328,609 shs
Market Capitalization
$3.00 billion
P/E Ratio
10.30
Dividend Yield
3.47%
Price Target
$43.00

Cathay General Bancorp Stock Forecast (MarketRank)

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.9% Upside
$43.00 Price Target
Short Interest
Bearish
2.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.34mentions of Cathay General Bancorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.91%
From $4.53 to $5.16 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.92 out of 5 stars

Finance Sector

577th out of 1,393 stocks

State Commercial Banks Industry

126th out of 243 stocks

30 days | 90 days | 365 days | Advanced Chart

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Cathay General Bancorp logo

About Cathay General Bancorp (NASDAQ:CATY)

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 household, and other consumer expenditures. In addition, the company offers trade financing, 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, investment, and other customary bank services, as well as securities and insurance products. As of March 1, 2022, it operated 31 branches in Southern California, 16 branches in Northern California, 10 branches in New York, four branches in Washington, two branches in Illinois, and two branches in Texas, as well as one branch each in Maryland, Massachusetts, Nevada, and New Jersey, and Hong Kong; and a representative office each in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.

CATY Stock News Headlines

Cathay General Bancorp - Stock Quote CATY
Cathay Bank Celebrates Its 60th Anniversary
Cathay General Bancorp declares $0.34 dividend
Cathay General Bancorp Tops Q1 EPS by 8c
Best Income Stocks to Buy for February 28th
Cathay General Bancorp goes ex-dividend tomorrow
See More Headlines

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:CATY
CUSIP
14915010
Employees
1,156
Year Founded
1962

Company Calendar

Last Earnings
4/25/2022
Ex-Dividend for 6/6 Dividend
5/26/2022
Dividend Payable
6/06/2022
Today
7/03/2022
Next Earnings (Estimated)
7/25/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$43.00
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+7.9%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
2 Analysts

Profitability

Net Income
$298.30 million
Pretax Margin
52.16%

Debt

Sales & Book Value

Annual Sales
$721.11 million
Cash Flow
$4.80 per share
Book Value
$31.68 per share

Miscellaneous

Free Float
71,918,000
Market Cap
$3.00 billion
Optionable
Optionable
Beta
1.23

Social Links















Cathay General Bancorp Frequently Asked Questions

Should I buy or sell Cathay General Bancorp stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Cathay General Bancorp stock. 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 analyst ratings for Cathay General Bancorp
or view top-rated stocks.

What is Cathay General Bancorp's stock price forecast for 2022?

2 Wall Street analysts have issued 1-year target prices for Cathay General Bancorp's stock. Their CATY stock forecasts range from $43.00 to $43.00. On average, they anticipate Cathay General Bancorp's stock price to reach $43.00 in the next year. This suggests a possible upside of 7.9% from the stock's current price.
View analysts' price targets for Cathay General Bancorp
or view top-rated stocks among Wall Street analysts.

How has Cathay General Bancorp's stock price performed in 2022?

Cathay General Bancorp's stock was trading at $42.99 on January 1st, 2022. Since then, CATY shares have decreased by 7.3% and is now trading at $39.86.
View the best growth stocks for 2022 here
.

When is Cathay General Bancorp's next earnings date?

Cathay General Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022.
View our earnings forecast for Cathay General Bancorp
.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) issued its quarterly earnings data on Monday, April, 25th. The bank reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. The bank had revenue of $179.42 million for the quarter, compared to the consensus estimate of $167.80 million. Cathay General Bancorp had a trailing twelve-month return on equity of 12.26% and a net margin of 40.53%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the business earned $0.92 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 Monday, May 16th. Shareholders of record on Friday, May 27th will be given a dividend of $0.34 per share on Monday, June 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, May 26th.
View Cathay General Bancorp's dividend history
.

Is Cathay General Bancorp a good dividend stock?

Cathay General Bancorp(NASDAQ:CATY) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.47%. Cathay General Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Cathay General Bancorp is 35.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cathay General Bancorp will have a dividend payout ratio of 26.36% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend.
View Cathay General Bancorp's dividend history.

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 77, Pay $1.82M)
  • Mr. Chang Ming Liu, CEO, Pres & Director (Age 55, Pay $1.57M)
  • Mr. Heng W. Chen, Exec. VP, CFO & Treasurer (Age 69, Pay $988.51k)
  • Ms. Georgia Lo, Assistant Sec. & Investor Relations
  • May K. Chan, Sr. VP, Gen. Counsel & Sec.
  • Mr. Weston Barkwill, Chief Internal Auditor

What is Dunson K. Cheng's approval rating as Cathay General Bancorp's CEO?

30 employees have rated Cathay General Bancorp CEO Dunson K. Cheng on Glassdoor.com. Dunson K. Cheng has an approval rating of 50% among Cathay General Bancorp's employees. This puts Dunson K. Cheng in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 (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).

What is Cathay General Bancorp's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cathay General Bancorp's stock price today?

One share of CATY stock can currently be purchased for approximately $39.86.

How much money does Cathay General Bancorp make?

Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $3.00 billion and generates $721.11 million in revenue each year. The bank earns $298.30 million in net income (profit) each year or $3.87 on an earnings per share basis.

How many employees does Cathay General Bancorp have?

Cathay General Bancorp employs 1,156 workers across the globe.

When was Cathay General Bancorp founded?

Cathay General Bancorp was founded in 1962.

How can I contact Cathay General Bancorp?

Cathay General Bancorp's mailing address is 777 N BROADWAY, LOS ANGELES CA, 90012. The official website for Cathay General Bancorp 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.

This page (NASDAQ:CATY) was last updated on 7/3/2022 by MarketBeat.com Staff

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