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 1 sell rating, 3 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 target for 2024?

5 equities research analysts have issued 12-month price targets 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 $38.20 in the next year. This suggests a possible upside of 10.2% 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 2024?

Cathay General Bancorp's stock was trading at $44.57 at the start of the year. Since then, CATY stock has decreased by 22.2% and is now trading at $34.66. View the best growth stocks for 2024 here .

Are investors shorting Cathay General Bancorp?

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 trading volume, of 357,200 shares, the days-to-cover ratio is currently 5.3 days. Approximately 2.8% of the shares of the stock 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, April 22nd 2024. View our CATY earnings forecast .

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

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 .

How were Cathay General Bancorp's earnings last quarter?

Cathay General Bancorp (NASDAQ:CATY) released its quarterly earnings data on Wednesday, January, 24th. The bank reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.15. The bank had revenue of $205.24 million for the quarter, compared to analysts' expectations 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%.

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, 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 annualized dividend and a yield of 3.92%. The ex-dividend date 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 3.92%. 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) , 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) .

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 a variety of institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (0.21%) 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 .

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 .

NASDAQ:CATY

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

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$34.98

+0.32 (+0.92%)

(As of 09:40 AM ET)

Compare

Today's Range: $34.54
▼
$34.98
50-Day Range: $34.54
▼
$40.88
52-Week Range: $27.24
▼
$45.72

Volume: 14,323 shs
Average Volume: 349,592 shs
Market Capitalization: $2.54 billion

P/E Ratio: 7.20
Dividend Yield: 3.89%
Price Target: $38.20

Get Cathay General Bancorp alerts:

Cathay General Bancorp MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 10.2% Upside
$38.20 Price Target
Short Interest: Healthy
2.77% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.51
Upright™ Environmental Score
News Sentiment: 0.53
Based on 9 Articles This Week
Insider Trading: Selling Shares
$304,150 Sold Last Quarter
Proj. Earnings Growth: 7.25%
From $4.00 to $4.29 Per Share

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.

4.71 out of 5 stars

Finance Sector

234th out of 849 stocks

State Commercial Banks Industry

54th out of 178 stocks

2.0

Analyst's Opinion

Consensus Rating
Cathay 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.
Amount of Analyst Coverage
Cathay General Bancorp has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.77% of the float of Cathay General Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Cathay General Bancorp has a short interest ratio ("days to cover") of 5.3.
Change versus previous month
Short interest in Cathay General Bancorp has recently decreased by 25.39%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Cathay General Bancorp is a leading dividend payer. It pays a dividend yield of 3.92%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cathay General Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Cathay General Bancorp is 27.98%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Cathay General Bancorp has received a 18.47% 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 Sustainability
The Environmental Impact score for Cathay General Bancorp is -0.51.

3.1

News and Social Media Coverage

News Sentiment
Cathay General Bancorp has a news sentiment score of 0.53. 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 Week
MarketBeat has tracked 9 news articles for Cathay General Bancorp this week, compared to 2 articles on an average week.
Search Interest
7 people have searched for CATY on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.
MarketBeat Follows
2 people have added Cathay General Bancorp to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 4.30% of the stock of Cathay General Bancorp is held by insiders.
Percentage Held by Institutions
75.01% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Cathay General Bancorp are expected to grow by 7.25% in the coming year, from $4.00 to $4.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cathay General Bancorp is 7.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cathay General Bancorp is 7.13, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.40.
Price to Book Value per Share Ratio
Cathay 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.

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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.

CATY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CATY Stock News Headlines

April 19, 2024 | americanbankingnews.com

Cathay General Bancorp (NASDAQ:CATY) Forecasted to Earn FY2025 Earnings of $4.46 Per Share

April 19, 2024 | finance.yahoo.com

CATY- A California-Based Bank with Solid Value, Strong Potential

April 19, 2024 | DTI (Ad)

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April 15, 2024 | americanbankingnews.com

Cathay General Bancorp (CATY) Scheduled to Post Quarterly Earnings on Monday

April 4, 2024 | businesswire.com

Cathay General Bancorp to Announce First Quarter 2024 Financial Results

March 4, 2024 | finance.yahoo.com

Investors in Cathay General Bancorp (NASDAQ:CATY) have unfortunately lost 1.5% over the last three years

March 3, 2024 | finance.yahoo.com

Cathay General Bancorp (CATY)

February 18, 2024 | finance.yahoo.com

CATY Mar 2024 30.000 put

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February 17, 2024 | investing.com

Cathay General Bancorp sets dividend of 34 cents per share

February 15, 2024 | businesswire.com

Cathay General Bancorp Declares $0.34 Per Share Dividend

January 31, 2024 | seekingalpha.com

Cathay General Bancorp: Expecting Earnings To Decline, Downgrading To Hold

January 25, 2024 | finance.yahoo.com

Q4 2023 Cathay General Bancorp Earnings Call

January 25, 2024 | finance.yahoo.com

Cathay General Bancorp (NASDAQ:CATY) Q4 2023 Earnings Call Transcript

January 24, 2024 | seekingalpha.com

Cathay General Bancorp 2023 Q4 - Results - Earnings Call Presentation

January 24, 2024 | markets.businessinsider.com

Cathay General Bancorp Reveals Drop In Q4 Income, but beats estimates

January 24, 2024 | businesswire.com

CATHAY GENERAL BANCORP

January 24, 2024 | finance.yahoo.com

Cathay General Bancorp Announces Fourth Quarter and Full Year 2023 Results

January 24, 2024 | finance.yahoo.com

Cathay General Bancorp (CATY) Reports Full Year and Q4 2023 Earnings

January 23, 2024 | benzinga.com

Earnings Preview For Cathay General

January 22, 2024 | finance.yahoo.com

Analysts Estimate Cathay General (CATY) to Report a Decline in Earnings: What to Look Out for

January 6, 2024 | morningstar.com

Cathay General Bancorp CATY

December 20, 2023 | finance.yahoo.com

Institutional investors control 75% of Cathay General Bancorp (NASDAQ:CATY) and were rewarded last week after stock increased 6.0%

December 17, 2023 | msn.com

Cathay General Bancorp (CATY) Price Target Increased by 7.37% to 39.61

December 14, 2023 | investing.com

Cathay General Bancorp announces dividend, highlights strong financial health

November 27, 2023 | finance.yahoo.com

Cathay General Bancorp's Dividend Analysis

November 12, 2023 | seekingalpha.com

Cathay General Bancorp: At The Current Price It May Not Be Worth It

See More Headlines

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Company Calendar

Last Earnings: 1/24/2024
Ex-Dividend for 3/11 Dividend: 2/27/2024
Dividend Payable: 3/11/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/22/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:CATY
CUSIP: 14915010
CIK: 861842
Web: www.cathaybank.com
Phone: (213) 625-4700
Fax: 302-655-5049
Employees: 1,246
Year Founded: 1962

Price Target and Rating

Average Stock Price Target: $38.20
High Stock Price Target: $41.00
Low Stock Price Target: $31.00
Potential Upside/Downside: +10.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.86
Trailing P/E Ratio: 7.13
Forward P/E Ratio: 8.67
P/E Growth: N/A
Net Income: $354.12 million
Net Margins: 27.02%
Pretax Margin: 30.80%
Return on Equity: 13.89%
Return on Assets: 1.61%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 1.05
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $1.31 billion
Price / Sales: 1.92
Cash Flow: $6.34 per share
Price / Cash Flow: 5.47
Book Value: $37.67 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 72,690,000
Free Float: 69,562,000
Market Cap: $2.52 billion
Optionable: Optionable
Beta: 1.12

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Key Executives

Mr. Dunson K. Cheng (Age 79)
Executive Chairman of the Board
Comp: $1.65M
Mr. Chang Ming Liu (Age 57)
CEO, President & Director
Comp: $1.93M
Mr. Heng W. Chen (Age 71)
Executive VP, CFO & Treasurer
Comp: $1.05M
Ms. Georgia Lo
Assistant Secretary & Investor Relations
May K. Chan (Age 46)
Senior VP, General Counsel, Secretary & Sustainability Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CATY Stock Analysis - 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 1 sell rating, 3 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 target for 2024?: 5 equities research analysts have issued 12-month price targets 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 $38.20 in the next year. This suggests a possible upside of 10.2% 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 2024?: Cathay General Bancorp's stock was trading at $44.57 at the start of the year. Since then, CATY stock has decreased by 22.2% and is now trading at $34.66.
View the best growth stocks for 2024 here.
Are investors shorting Cathay General Bancorp?: 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 trading volume, of 357,200 shares, the days-to-cover ratio is currently 5.3 days. Approximately 2.8% of the shares of the stock 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, April 22nd 2024.
View our CATY earnings forecast.
How can I listen to Cathay General Bancorp's earnings call?: 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.
How were Cathay General Bancorp's earnings last quarter?: Cathay General Bancorp (NASDAQ:CATY) released its quarterly earnings data on Wednesday, January, 24th. The bank reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.15. The bank had revenue of $205.24 million for the quarter, compared to analysts' expectations 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%.
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, 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 annualized dividend and a yield of 3.92%. The ex-dividend date 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 3.92%. 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), 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).
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 a variety of institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (0.21%) 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.
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 4/19/2024 by MarketBeat.com Staff

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