NASDAQ:CATY Cathay General Bancorp (CATY) Stock Forecast, Price & News $30.61 -0.25 (-0.81%) (As of 05/30/2023 ET) Add Compare Share Share Today's Range$30.26▼$30.9550-Day Range$28.04▼$35.1252-Week Range$27.24▼$47.30Volume238,626 shsAverage Volume361,495 shsMarket Capitalization$2.22 billionP/E Ratio5.91Dividend Yield4.44%Price Target$40.17 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Cathay General Bancorp MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside31.2% Upside$40.17 Price TargetShort InterestBearish2.70% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.61Upright™ Environmental ScoreNews Sentiment0.76Based on 5 Articles This WeekInsider TradingAcquiring Shares$213,500 Bought Last QuarterProj. Earnings Growth-2.08%From $4.81 to $4.71 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.73 out of 5 starsFinance Sector287th out of 905 stocksState Commercial Banks Industry98th out of 192 stocks 3.1 Analyst's Opinion Consensus RatingCathay General Bancorp has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $40.17, Cathay General Bancorp has a forecasted upside of 31.2% from its current price of $30.61.Amount of Analyst CoverageCathay General Bancorp has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.70% of the float of Cathay General Bancorp has been sold short.Short Interest Ratio / Days to CoverCathay General Bancorp has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Cathay General Bancorp has recently increased by 64.60%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCathay General Bancorp is a leading dividend payer. It pays a dividend yield of 4.41%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCathay General Bancorp does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Cathay General Bancorp is 26.25%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Cathay General Bancorp will have a dividend payout ratio of 28.87% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCathay General Bancorp has received a 25.66% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages", "Credit cards", and "Online banking" products. See details.Environmental SustainabilityThe Environmental Impact score for Cathay General Bancorp is -0.61. Previous Next 2.6 News and Social Media Coverage News SentimentCathay General Bancorp has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Cathay General Bancorp this week, compared to 3 articles on an average week.Search Interest10 people have searched for CATY on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cathay General Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $213,500.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 4.62% of the stock of Cathay General Bancorp is held by insiders.Percentage Held by Institutions67.15% of the stock of Cathay General Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Cathay General Bancorp are expected to decrease by -2.08% in the coming year, from $4.81 to $4.71 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cathay General Bancorp is 5.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.51.Price to Earnings Ratio vs. SectorThe P/E ratio of Cathay General Bancorp is 5.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 161.51.Price to Book Value per Share RatioCathay General Bancorp has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cathay General Bancorp (NASDAQ:CATY) StockCathay General Bancorp is a holding company, which engages in the provision of financial services. It offers commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for automobile, household, and other consumer expenditures. The company was founded on April 19, 1962 and is headquartered in Los Angeles, CA.Read More Receive CATY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cathay General Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address CATY Stock News HeadlinesMay 25, 2023 | americanbankingnews.comCathay General Bancorp Announces Quarterly Dividend of $0.34 (NASDAQ:CATY)May 23, 2023 | finance.yahoo.comCathay General Bancorp (NASDAQ:CATY) Is Paying Out A Dividend Of $0.34May 30, 2023 | UNKNOWN (Ad)This NASDAQ Stock Is The Amazon Of Medical SupplyThis Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More NowMay 22, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Receives $40.17 Average Price Target from BrokeragesMay 21, 2023 | msn.comCathay General Bancorp (CATY) Declares $0.34 DividendMay 18, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Coverage Initiated by Analysts at StockNews.comMay 5, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Sees Strong Trading VolumeApril 29, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Receives $40.67 Consensus Price Target from AnalystsMay 30, 2023 | UNKNOWN (Ad)This NASDAQ Stock Is The Amazon Of Medical SupplyThis Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More NowApril 28, 2023 | americanbankingnews.comRichard Sun Buys 6,100 Shares of Cathay General Bancorp (NASDAQ:CATY) StockApril 27, 2023 | americanbankingnews.comTruist Financial Cuts Cathay General Bancorp (NASDAQ:CATY) Price Target to $36.00April 27, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Hits New 12-Month Low on Analyst DowngradeApril 26, 2023 | americanbankingnews.comWedbush Equities Analysts Lower Earnings Estimates for Cathay General Bancorp (NASDAQ:CATY)April 26, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) to Post Q2 2023 Earnings of $1.15 Per Share, DA Davidson ForecastsApril 25, 2023 | msn.comTruist Securities Maintains Cathay General Bancorp (CATY) Hold RecommendationApril 24, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) PT Lowered to $40.00April 23, 2023 | seekingalpha.comCathay General Bancorp (CATY) Q1 2023 Earnings Call TranscriptApril 22, 2023 | msn.comWedbush Maintains Cathay General Bancorp (CATY) Outperform RecommendationApril 22, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Price Target Lowered to $34.00 at Piper SandlerApril 21, 2023 | markets.businessinsider.com4 Analysts Have This to Say About Cathay GeneralApril 21, 2023 | finance.yahoo.comQ1 2023 Cathay General Bancorp Earnings CallApril 20, 2023 | finance.yahoo.comCathay General (CATY) Q1 Earnings Surpass EstimatesApril 20, 2023 | finance.yahoo.comCathay General Bancorp Announces First Quarter 2023 ResultsApril 20, 2023 | seekingalpha.comCathay General Bancorp 2023 Q1 - Results - Earnings Call PresentationApril 18, 2023 | americanbankingnews.comCathay General Bancorp (CATY) Set to Announce Earnings on ThursdayApril 9, 2023 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) PT Lowered to $40.00 at Keefe, Bruyette & WoodsApril 9, 2023 | americanbankingnews.comCathay General Bancorp to Post FY2023 Earnings of $5.05 Per Share, DA Davidson Forecasts (NASDAQ:CATY)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CATY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cathay General Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address CATY Company Calendar Ex-Dividend for 3/9 Dividend2/24/2023Dividend Payable3/09/2023Last Earnings4/20/2023Ex-Dividend for 6/9 Dividend5/26/2023Today5/30/2023Dividend Payable6/09/2023Next Earnings (Estimated)7/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:CATY CUSIP14915010 CIK861842 Webwww.cathaybank.com Phone(213) 625-4700Fax302-655-5049Employees1,178Year Founded1962Price Target and Rating Average Stock Price Forecast$40.17 High Stock Price Forecast$47.00 Low Stock Price Forecast$34.00 Forecasted Upside/Downside+31.2%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$5.18 Trailing P/E Ratio5.91 Forward P/E Ratio6.36 P/E GrowthN/ANet Income$360.64 million Net Margins37.58% Pretax Margin48.24% Return on Equity15.47% Return on Assets1.75% Debt Debt-to-Equity Ratio0.20 Current Ratio1.04 Quick Ratio1.04 Sales & Book Value Annual Sales$908.09 million Price / Sales2.45 Cash Flow$5.67 per share Price / Cash Flow5.40 Book Value$33.25 per share Price / Book0.92Miscellaneous Outstanding Shares72,540,000Free Float69,185,000Market Cap$2.22 billion OptionableOptionable Beta1.14 Social Links Key ExecutivesChang M. LiuPresident, Chief Executive Officer & DirectorIrwin WongChief Operating Officer & Senior Vice PresidentHeng W. ChenChief Financial Officer, Treasurer & Executive VPMay K. ChanSecretary, Senior VP & General CounselGeorgia LoHead-Investor RelationsKey CompetitorsAmeris BancorpNASDAQ:ABCBIndependent BankNASDAQ:INDBTexas Capital BancsharesNASDAQ:TCBIFirst BanCorp.NYSE:FBPFirst Interstate BancSystemNASDAQ:FIBKView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 1,310 shares on 5/26/2023Ownership: 0.017%Brandywine Global Investment Management LLCBought 40,382 shares on 5/25/2023Ownership: 0.247%Legato Capital Management LLCSold 2,264 shares on 5/25/2023Ownership: 0.020%Toroso Investments LLCBought 7,020 shares on 5/23/2023Ownership: 0.010%Putnam Investments LLCSold 2,056 shares on 5/22/2023Ownership: 0.067%View All Insider TransactionsView All Institutional Transactions CATY Stock - Frequently Asked Questions Should I buy or sell Cathay General Bancorp stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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. What is Cathay General Bancorp's stock price forecast for 2023? 5 brokers have issued 12-month target prices for Cathay General Bancorp's shares. Their CATY share price forecasts range from $34.00 to $47.00. On average, they anticipate the company's share price to reach $40.17 in the next twelve months. This suggests a possible upside of 31.2% from the stock's current price. View analysts price targets for CATY or view top-rated stocks among Wall Street analysts. How have CATY shares performed in 2023? Cathay General Bancorp's stock was trading at $40.79 on January 1st, 2023. Since then, CATY stock has decreased by 25.0% and is now trading at $30.61. View the best growth stocks for 2023 here. Are investors shorting Cathay General Bancorp? Cathay General Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,860,000 shares, an increase of 64.6% from the April 30th total of 1,130,000 shares. Based on an average daily volume of 409,500 shares, the days-to-cover ratio is currently 4.5 days. Approximately 2.7% of the shares of the company are short sold. View Cathay General Bancorp's Short Interest. When is Cathay General Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023. View our CATY earnings forecast. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Thursday, April, 20th. The bank reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.03. The bank earned $299.63 million during the quarter, compared to analysts' expectations of $206.73 million. Cathay General Bancorp had a net margin of 37.58% and a trailing twelve-month return on equity of 15.47%. During the same quarter in the previous year, the company earned $0.99 earnings per share. 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 18th. Investors of record on Tuesday, May 30th will be given a dividend of $0.34 per share on Friday, June 9th. This represents a $1.36 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Friday, May 26th. Read our dividend analysis for CATY. What ETFs hold Cathay General Bancorp's stock? ETFs with the largest weight of Cathay General Bancorp (NASDAQ:CATY) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P MidCap Low Volatility ETF (XMLV), First Trust SMID Cap Rising Dividend Achievers ETF (SDVY), Cambria Shareholder Yield ETF (SYLD), Invesco S&P MidCap Value with Momentum ETF (XMVM), SPDR S&P Regional Banking ETF (KRE) and SPDR S&P Bank ETF (KBE). 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 4.41%. CATY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 26.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 28.87% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CATY. What is Chang M. Liu's approval rating as Cathay General Bancorp's CEO? 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. 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." Who are Cathay General Bancorp's major shareholders? Cathay General Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.09%), Dimensional Fund Advisors LP (4.96%), State Street Corp (4.42%), Charles Schwab Investment Management Inc. (2.64%), Geode Capital Management LLC (1.99%) and Principal Financial Group Inc. (1.89%). Insiders that own company stock include Anthony M Tang, Dunson K Cheng, Irwin Wong, Jane H Jelenko, Kim R Bingham, Peter Wu and Richard Sun. View institutional ownership trends. How do I buy shares of Cathay General Bancorp? 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. Compare Top Brokerages Here. What is Cathay General Bancorp's stock price today? One share of CATY stock can currently be purchased for approximately $30.61. How much money does Cathay General Bancorp make? Cathay General Bancorp (NASDAQ:CATY) has a market capitalization of $2.22 billion and generates $908.09 million in revenue each year. The bank earns $360.64 million in net income (profit) each year or $5.18 on an earnings per share basis. How many employees does Cathay General Bancorp have? The company employs 1,178 workers across the globe. 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 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. This page (NASDAQ:CATY) was last updated on 5/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Cathay General Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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