NASDAQ:CATY Cathay General Bancorp (CATY) Stock Price, News & Analysis → Did you make $29,000 two days with AI options trades? (From Prosper Trading Academy) (Ad) Free CATY Stock Alerts $38.24 +0.94 (+2.52%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$37.34▼$38.2550-Day Range$36.93▼$44.0652-Week Range$27.24▼$45.72Volume590,439 shsAverage Volume349,692 shsMarket Capitalization$2.78 billionP/E Ratio7.87Dividend Yield3.56%Price Target$37.80 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Cathay General Bancorp alerts: Email Address Cathay General Bancorp MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside1.2% Downside$37.80 Price TargetShort InterestHealthy3.71% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.58Upright™ Environmental ScoreNews Sentiment0.72Based on 2 Articles This WeekInsider TradingSelling Shares$304,150 Sold Last QuarterProj. Earnings Growth4.13%From $4.12 to $4.29 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.65 out of 5 starsFinance Sector341st out of 857 stocksState Commercial Banks Industry74th out of 183 stocks 1.0 Analyst's Opinion Consensus RatingCathay General Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $37.80, Cathay General Bancorp has a forecasted downside of 1.2% from its current price of $38.24.Amount of Analyst CoverageCathay General Bancorp has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.71% 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 7.7.Change versus previous monthShort interest in Cathay General Bancorp has recently decreased by 3.03%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipCathay General Bancorp is a leading dividend payer. It pays a dividend yield of 3.64%, 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 27.98%. 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 31.70% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCathay General Bancorp has received a 14.95% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages", "Consumer savings accounts", "Online banking", and "Consumer transaction accounts" products. See details.Environmental SustainabilityThe Environmental Impact score for Cathay General Bancorp is -0.58. Previous Next 2.1 News and Social Media Coverage News SentimentCathay General Bancorp has a news sentiment score of 0.72. 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 2 news articles for Cathay General Bancorp this week, compared to 2 articles on an average week.Search Interest4 people have searched for CATY on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Cathay General Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cathay General Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $304,150.00 in company stock.Percentage Held by InsidersOnly 4.62% of the stock of Cathay General Bancorp is held by insiders.Percentage Held by Institutions75.01% 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 grow by 4.13% in the coming year, from $4.12 to $4.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cathay General Bancorp is 7.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.09.Price to Earnings Ratio vs. SectorThe P/E ratio of Cathay General Bancorp is 7.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.98.Price to Book Value per Share RatioCathay General Bancorp has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeTrump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.Protect your retirement savings from the inevitable devaluation of the dollar… About Cathay General Bancorp Stock (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, safe deposit, collection, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. Cathay General Bancorp was founded in 1962 and is headquartered in Los Angeles, California.Read More CATY Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CATY Stock News HeadlinesMarch 28, 2024 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Rating Lowered to Sell at StockNews.comMarch 21, 2024 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Stock Rating Upgraded by StockNews.comMarch 28, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.March 4, 2024 | finance.yahoo.comInvestors in Cathay General Bancorp (NASDAQ:CATY) have unfortunately lost 1.5% over the last three yearsMarch 3, 2024 | finance.yahoo.comCathay General Bancorp (CATY)February 18, 2024 | finance.yahoo.comCATY Mar 2024 30.000 putFebruary 17, 2024 | investing.comCathay General Bancorp sets dividend of 34 cents per shareFebruary 15, 2024 | businesswire.comCathay General Bancorp Declares $0.34 Per Share DividendMarch 28, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.January 31, 2024 | seekingalpha.comCathay General Bancorp: Expecting Earnings To Decline, Downgrading To HoldJanuary 25, 2024 | finance.yahoo.comQ4 2023 Cathay General Bancorp Earnings CallJanuary 25, 2024 | finance.yahoo.comCathay General Bancorp (NASDAQ:CATY) Q4 2023 Earnings Call TranscriptJanuary 24, 2024 | seekingalpha.comCathay General Bancorp 2023 Q4 - Results - Earnings Call PresentationJanuary 24, 2024 | markets.businessinsider.comCathay General Bancorp Reveals Drop In Q4 Income, but beats estimatesJanuary 24, 2024 | businesswire.comCATHAY GENERAL BANCORPJanuary 24, 2024 | finance.yahoo.comCathay General Bancorp Announces Fourth Quarter and Full Year 2023 ResultsJanuary 24, 2024 | finance.yahoo.comCathay General Bancorp (CATY) Reports Full Year and Q4 2023 EarningsJanuary 23, 2024 | benzinga.comEarnings Preview For Cathay GeneralJanuary 22, 2024 | finance.yahoo.comAnalysts Estimate Cathay General (CATY) to Report a Decline in Earnings: What to Look Out forJanuary 6, 2024 | morningstar.comCathay General Bancorp CATYDecember 20, 2023 | finance.yahoo.comInstitutional investors control 75% of Cathay General Bancorp (NASDAQ:CATY) and were rewarded last week after stock increased 6.0%December 17, 2023 | msn.comCathay General Bancorp (CATY) Price Target Increased by 7.37% to 39.61December 14, 2023 | investing.comCathay General Bancorp announces dividend, highlights strong financial healthNovember 27, 2023 | finance.yahoo.comCathay General Bancorp's Dividend AnalysisNovember 12, 2023 | seekingalpha.comCathay General Bancorp: At The Current Price It May Not Be Worth ItNovember 7, 2023 | msn.comPiper Sandler Downgrades Cathay General Bancorp (CATY)November 6, 2023 | msn.comCathay General Bancorp cut to Underweight at Piper SandlerSee More Headlines 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 Company Calendar Last Earnings1/24/2024Ex-Dividend for 3/11 Dividend2/27/2024Dividend Payable3/11/2024Today3/28/2024Next Earnings (Estimated)4/18/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryRegional Banks Current SymbolNASDAQ:CATY CUSIP14915010 CIK861842 Webwww.cathaybank.com Phone(213) 625-4700Fax302-655-5049Employees1,246Year Founded1962Price Target and Rating Average Stock Price Target$37.80 High Stock Price Target$41.00 Low Stock Price Target$31.00 Potential Upside/Downside-1.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$4.86 Trailing P/E Ratio7.87 Forward P/E Ratio9.28 P/E GrowthN/ANet Income$354.12 million Net Margins27.02% Pretax Margin30.80% Return on Equity13.89% Return on Assets1.61% Debt Debt-to-Equity Ratio0.25 Current Ratio1.05 Quick Ratio1.05 Sales & Book Value Annual Sales$1.31 billion Price / Sales2.12 Cash Flow$6.46 per share Price / Cash Flow5.92 Book Value$37.67 per share Price / Book1.02Miscellaneous Outstanding Shares72,670,000Free Float69,313,000Market Cap$2.78 billion OptionableOptionable Beta1.12 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Dunson K. Cheng (Age 79)Executive Chairman of the Board Comp: $1.65MMr. Chang Ming Liu (Age 57)CEO, President & Director Comp: $1.93MMr. Heng W. Chen (Age 71)Executive VP, CFO & Treasurer Comp: $1.05MKey CompetitorsFirst Interstate BancSystemNASDAQ:FIBKTexas Capital BancsharesNASDAQ:TCBIFirst BanCorp.NYSE:FBPAtlantic Union BanksharesNASDAQ:AUBUnited Community BanksNASDAQ:UCBIView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Bought 196,146 shares on 3/11/2024Ownership: 11.359%Willner & Heller LLCBought 45,194 shares on 3/6/2024Ownership: 0.062%Congress Asset Management Co. MASold 538 shares on 3/4/2024Ownership: 0.220%Goldman Sachs Group Inc.Sold 1,253,880 shares on 3/1/2024Ownership: 1.772%American International Group Inc.Sold 320 shares on 2/28/2024Ownership: 0.052%View All Insider TransactionsView All Institutional Transactions CATY Stock Analysis - Frequently Asked Questions Should I buy or sell Cathay General Bancorp stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cathay General Bancorp in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 target for 2024? 5 equities research 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 stock price to reach $37.80 in the next year. This suggests that the stock has a possible downside of 1.2%. View analysts price targets for CATY or view top-rated stocks among Wall Street analysts. How have CATY shares performed in 2024? Cathay General Bancorp's stock was trading at $44.57 at the start of the year. Since then, CATY stock has decreased by 14.2% and is now trading at $38.24. View the best growth stocks for 2024 here. When is Cathay General Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024. View our CATY earnings forecast. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) announced its quarterly earnings data on Wednesday, January, 24th. The bank reported $1.25 EPS for the quarter, topping the consensus estimate of $1.10 by $0.15. The bank earned $205.24 million during the quarter, compared to analysts' expectations of $197.95 million. Cathay General Bancorp had a net margin of 27.02% and a trailing twelve-month return on equity of 13.89%. How often does Cathay General Bancorp pay dividends? What is the dividend yield for Cathay General Bancorp? Cathay General Bancorp announced a quarterly dividend on Thursday, February 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.34 per share on Monday, March 11th. This represents a $1.36 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Tuesday, February 27th. Read our dividend analysis for CATY. 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 3.64%. 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. 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), Invesco S&P MidCap Low Volatility ETF (XMLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY) and First Trust Nasdaq Bank ETF (FTXO).Timothy Plan US Small Cap Core ETF (TPSC). 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). 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 Vanguard Group Inc. (11.36%), Vanguard Group Inc. (11.36%), Dimensional Fund Advisors LP (5.30%), Charles Schwab Investment Management Inc. (2.83%), Massachusetts Financial Services Co. MA (2.14%) and Principal Financial Group Inc. (2.05%). Insiders that own company stock include Anthony M Tang, Dunson K Cheng, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:CATY) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the Markets“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin AnalyticsThe 3rd Revolution in WarfareWeiss Ratings 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. 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