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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.

5 Wall Street analysts have issued 1-year target prices for Cathay General Bancorp's shares. Their CATY share price targets range from $31.00 to $41.00. On average, they anticipate the company's share price to reach $38.20 in the next year. This suggests a possible upside of 6.1% from the stock's current price.
View analysts price targets for CATY or view top-rated stocks among Wall Street analysts.

Cathay General Bancorp's stock was trading at $44.57 at the beginning of 2024. Since then, CATY stock has decreased by 19.2% and is now trading at $36.00.
View the best growth stocks for 2024 here.

Cathay General Bancorp saw a drop in short interest in March. As of March 31st, there was short interest totaling 1,910,000 shares, a drop of 25.4% from the March 15th total of 2,560,000 shares. Based on an average daily volume of 357,200 shares, the short-interest ratio is presently 5.3 days. Currently, 2.8% of the shares of the stock are sold short.
View Cathay General Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our CATY earnings forecast.

Cathay General Bancorp will be holding an earnings conference call on Monday, April 22nd at 6:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Cathay General Bancorp (NASDAQ:CATY) announced its quarterly earnings results on Wednesday, January, 24th. The bank reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.15. The bank earned $205.24 million during the quarter, compared to analyst estimates of $197.95 million. Cathay General Bancorp had a trailing twelve-month return on equity of 13.89% and a net margin of 27.02%.

Cathay General Bancorp announced a quarterly dividend on Thursday, February 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.34 per share on Monday, March 11th. This represents a $1.36 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Tuesday, February 27th.
Read our dividend analysis for CATY.

Cathay General Bancorp (NASDAQ:CATY) pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.94%. The dividend payout ratio is 27.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 31.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CATY.

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 SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Quality ETF (XSHQ), Royce Quant Small-Cap Quality Value ETF (SQLV) and First Trust Nasdaq Bank ETF (FTXO).WisdomTree U.S. SmallCap Dividend Fund (DES).

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.

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).

Cathay General Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.21%), State of Alaska Department of Revenue (0.06%) and Handelsinvest Investeringsforvaltning (0.01%). Insiders that own company stock include Anthony M Tang, Dunson K Cheng, Kim R Bingham, Peter Wu and Richard Sun.
View institutional ownership trends.

Shares of CATY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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