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Cathay General Bancorp Stock Price, News & Analysis (NASDAQ:CATY)

$34.59
+0.65 (+1.92 %)
(As of 10/14/2019 06:47 AM ET)
Today's Range
$34.30
Now: $34.59
$35.10
50-Day Range
$32.28
MA: $34.14
$35.81
52-Week Range
$31.89
Now: $34.59
$40.80
Volume172,472 shs
Average Volume315,548 shs
Market Capitalization$2.76 billion
P/E Ratio10.36
Dividend Yield3.65%
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$719.30 million
Cash Flow$4.06 per share
Book Value$26.17 per share

Profitability

Net Income$271.89 million

Miscellaneous

Employees1,277
Market Cap$2.76 billion
Next Earnings Date10/16/2019 (Confirmed)
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 declared a quarterly dividend on Thursday, August 15th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.31 per share on Friday, September 13th. This represents a $1.24 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, August 30th. View Cathay General Bancorp's Dividend History.

How will Cathay General Bancorp's stock buyback program work?

Cathay General Bancorp announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 7th 2019, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) posted its earnings results on Wednesday, July, 17th. The bank reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.04. The bank had revenue of $156.17 million for the quarter, compared to analyst estimates of $154.13 million. Cathay General Bancorp had a return on equity of 12.73% and a net margin of 34.86%. During the same quarter in the prior year, the business posted $0.90 EPS. 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, October 16th 2019. View Earnings Estimates for Cathay General Bancorp.

How can I listen to Cathay General Bancorp's earnings call?

Cathay General Bancorp will be holding an earnings conference call on Wednesday, October 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for CATY?

1 analysts have issued 1 year price targets for Cathay General Bancorp's shares. Their predictions range from $44.00 to $44.00. On average, they expect Cathay General Bancorp's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price. View Analyst Price Targets for Cathay General Bancorp.

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

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 1 buy rating 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?

News articles about CATY stock have trended negative this week, according to InfoTrie. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cathay General Bancorp earned a news sentiment score of -2.6 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Cathay General Bancorp.

Are investors shorting Cathay General Bancorp?

Cathay General Bancorp saw a decline in short interest in September. As of September 30th, there was short interest totalling 2,120,000 shares, a decline of 16.9% from the August 30th total of 2,550,000 shares. Based on an average trading volume of 393,900 shares, the short-interest ratio is presently 5.4 days. Approximately 2.8% of the company's shares 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?

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 a number of of institutional and retail investors. Top institutional investors include Pacer Advisors Inc. (0.04%), State of Alaska Department of Revenue (0.02%) and Denali Advisors LLC (0.01%). 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 and Peter Wu. View Institutional Ownership Trends for Cathay General Bancorp.

Which major investors are selling Cathay General Bancorp stock?

CATY stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc.. Company insiders that have sold Cathay General Bancorp company stock in the last year include Anthony M Tang, Dunson K Cheng, Kim R Bingham and Lisa L Kim. View Insider Buying and Selling for Cathay General Bancorp.

Which major investors are buying Cathay General Bancorp stock?

CATY stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue and Denali 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 $34.59.

How big of a company is Cathay General Bancorp?

Cathay General Bancorp has a market capitalization of $2.76 billion and generates $719.30 million in revenue each year. The bank earns $271.89 million in net income (profit) each year or $3.34 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:  2.3 out of 5 (star star)
Outperform Votes:  276 (Vote Outperform)
Underperform Votes:  312 (Vote Underperform)
Total Votes:  588
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 10/14/2019 by MarketBeat.com Staff

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