NASDAQ:CATY Cathay General Bancorp (CATY) Stock Price, News & Analysis → Mysterious Gold Leverage Just Announced (From Stansberry Research) (Ad) Free CATY Stock Alerts $34.96 -0.57 (-1.60%) (As of 04/25/2024 ET) Add Compare Share Share Today's Range$34.62▼$35.2650-Day Range$34.54▼$40.8852-Week Range$27.24▼$45.72Volume785,888 shsAverage Volume364,349 shsMarket Capitalization$2.54 billionP/E Ratio7.73Dividend Yield3.89%Price Target$39.40 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/Downside11.6% Upside$39.00 Price TargetShort InterestBearish2.95% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.51Upright™ Environmental ScoreNews Sentiment0.24Based on 43 Articles This WeekInsider TradingSelling Shares$304,150 Sold Last QuarterProj. Earnings Growth8.93%From $3.92 to $4.27 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.4.51 out of 5 starsFinance Sector92nd out of 859 stocksState Commercial Banks Industry20th out of 180 stocks 2.0 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.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 Shorted2.95% 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 5.3.Change versus previous monthShort interest in Cathay General Bancorp has recently increased by 6.28%, 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 3.90%, 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 30.09%. 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 31.85% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend. Previous Next 2.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCathay 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 SustainabilityThe Environmental Impact score for Cathay General Bancorp is -0.51. Previous Next 2.9 News and Social Media Coverage News SentimentCathay General Bancorp has a news sentiment score of 0.24. 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 is a lower news sentiment than the 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 43 news articles for Cathay General Bancorp this week, compared to 3 articles on an average week.Search Interest8 people have searched for CATY on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.MarketBeat Follows2 people have added Cathay General Bancorp to their MarketBeat watchlist in the last 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 4.76% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Cathay General Bancorp are expected to grow by 8.93% in the coming year, from $3.92 to $4.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cathay General Bancorp is 7.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.10.Price to Earnings Ratio vs. SectorThe P/E ratio of Cathay General Bancorp is 7.73, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.87.Price to Book Value per Share RatioCathay General Bancorp has a P/B Ratio of 0.91. 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 Ad Crypto Swap ProfitsDid You Get Your Free Bitcoin Yet?And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.>> Register right here 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 HeadlinesApril 25, 2024 | markets.businessinsider.comWhat 4 Analyst Ratings Have To Say About Cathay GeneralApril 25, 2024 | americanbankingnews.comAnalysts Issue Forecasts for Cathay General Bancorp's Q2 2024 Earnings (NASDAQ:CATY)April 25, 2024 | Stansberry Research (Ad)Mysterious Gold Leverage Just AnnouncedWorld's biggest multibillionaire investor group is buying THIS by the tons Most folks have completely missed the fact that there's one group of investors so powerful they're literally buying ONE THING by the tons… Stacking it in their locked vaults on pallets in record numbers.April 25, 2024 | americanbankingnews.comQ2 2024 Earnings Estimate for Cathay General Bancorp (NASDAQ:CATY) Issued By WedbushApril 25, 2024 | finance.yahoo.comCathay General Bancorp (CATY) Q1 2024 Earnings Call Transcript Highlights: Navigating ...April 24, 2024 | seekingalpha.comCathay General Bancorp: In Distress Until Rates Are CutApril 24, 2024 | finance.yahoo.comCathay General Bancorp Just Missed Revenue By 6.6%: Here's What Analysts Think Will Happen NextApril 24, 2024 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Given Outperform Rating at WedbushApril 25, 2024 | Stansberry Research (Ad)Mysterious Gold Leverage Just AnnouncedWorld's biggest multibillionaire investor group is buying THIS by the tons Most folks have completely missed the fact that there's one group of investors so powerful they're literally buying ONE THING by the tons… Stacking it in their locked vaults on pallets in record numbers.April 24, 2024 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Price Target Lowered to $41.00 at Keefe, Bruyette & WoodsApril 24, 2024 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Shares Gap Down on Disappointing EarningsApril 23, 2024 | markets.businessinsider.comPiper Sandler Keeps Their Sell Rating on Cathay General Bancorp (CATY)April 23, 2024 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Financial Companies: Cathay General Bancorp (CATY), Truist Financial (TFC) and HBT Financial (HBT)April 23, 2024 | finance.yahoo.comCathay General Bancorp (NASDAQ:CATY) Q1 2024 Earnings Call TranscriptApril 22, 2024 | finance.yahoo.comCathay General Bancorp Meets Analyst Projections in Q1 2024April 22, 2024 | msn.comCathay General Bancorp GAAP EPS of $0.98 in-line, revenue of $175.18M misses by $12.31MApril 22, 2024 | businesswire.comCathay General Bancorp Announces First Quarter 2024 ResultsApril 20, 2024 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) to Post FY2024 Earnings of $4.08 Per Share, DA Davidson ForecastsApril 19, 2024 | americanbankingnews.comCathay General Bancorp (NASDAQ:CATY) Forecasted to Earn FY2025 Earnings of $4.46 Per ShareApril 19, 2024 | finance.yahoo.comCATY- A California-Based Bank with Solid Value, Strong PotentialApril 15, 2024 | americanbankingnews.comCathay General Bancorp (CATY) Scheduled to Post Quarterly Earnings on MondayApril 4, 2024 | businesswire.comCathay General Bancorp to Announce First Quarter 2024 Financial ResultsMarch 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 DividendSee 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 Ex-Dividend for 3/11 Dividend2/27/2024Dividend Payable3/11/2024Last Earnings4/22/2024Today4/25/2024Next Earnings (Estimated)7/22/2024Fiscal 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$39.40 High Stock Price Target$44.00 Low Stock Price Target$31.00 Potential Upside/Downside+13.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$4.52 Trailing P/E Ratio7.72 Forward P/E Ratio8.90 P/E GrowthN/ANet Income$354.12 million Net Margins24.41% Pretax Margin27.27% Return on Equity13.02% Return on Assets1.52% Debt Debt-to-Equity Ratio0.14 Current Ratio1.04 Quick Ratio1.05 Sales & Book Value Annual Sales$1.31 billion Price / Sales1.93 Cash Flow$6.31 per share Price / Cash Flow5.53 Book Value$38.22 per share Price / Book0.91Miscellaneous Outstanding Shares72,690,000Free Float69,228,000Market Cap$2.54 billion OptionableOptionable Beta1.12 Social Links 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.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: $1.05MMs. Georgia LoAssistant Secretary & Investor RelationsMay K. Chan (Age 46)Senior VP, General Counsel, Secretary & Sustainability Officer Key CompetitorsAtlantic Union BanksharesNASDAQ:AUBFirst Interstate BancSystemNASDAQ:FIBKBank of HawaiiNYSE:BOHCVB FinancialNASDAQ:CVBFIBERIABANKNASDAQ:IBKCView All CompetitorsInsiders & InstitutionsLouisiana State Employees Retirement SystemSold 300 shares on 4/23/2024Ownership: 0.050%New Mexico Educational Retirement BoardBought 15,500 shares on 4/23/2024Ownership: 0.021%State of Alaska Department of RevenueSold 437 shares on 4/19/2024Ownership: 0.061%Handelsinvest InvesteringsforvaltningSold 4,881 shares on 4/19/2024Ownership: 0.013%Congress Asset Management Co. MASold 3,743 shares on 4/11/2024Ownership: 0.214%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 equities 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 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. What is Cathay General Bancorp's stock price target for 2024? 5 Wall Street research analysts have issued twelve-month price targets for Cathay General Bancorp's shares. Their CATY share price targets range from $31.00 to $44.00. On average, they predict the company's share price to reach $39.00 in the next twelve months. This suggests a possible upside of 11.6% 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 shares have decreased by 21.6% and is now trading at $34.96. View the best growth stocks for 2024 here. Are investors shorting Cathay General Bancorp? Cathay General Bancorp saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 2,030,000 shares, an increase of 6.3% from the March 31st total of 1,910,000 shares. Based on an average daily volume of 383,200 shares, the days-to-cover ratio is presently 5.3 days. Currently, 3.0% of the shares of the company are sold short. 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 22nd 2024. View our CATY earnings forecast. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) released its quarterly earnings data on Monday, April, 22nd. The bank reported $0.98 EPS for the quarter, missing the consensus estimate of $1.02 by $0.04. The bank had revenue of $339.25 million for the quarter, compared to analysts' expectations of $188.85 million. Cathay General Bancorp had a net margin of 24.41% and a trailing twelve-month return on equity of 13.02%. During the same quarter in the previous year, the business posted $1.32 earnings per share. 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. Shareholders 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 dividend yield of 3.89%. 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 3.90%. The dividend payout ratio is 30.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATY will have a dividend payout ratio of 31.85% 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 retail and institutional investors. Top institutional investors include Congress Asset Management Co. MA (0.21%), State of Alaska Department of Revenue (0.06%), Louisiana State Employees Retirement System (0.05%), New Mexico Educational Retirement Board (0.02%) 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 4/25/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsThese AI trades triggered this morning (545% return)Prosper Trading AcademyThe A.I. story nobody is telling you (Read ASAP)TradeSmithHe Is Giving Away BitcoinCrypto Swap ProfitsJim Cramer’s “The Biggest Drug Ever”Behind the MarketsThe AI stock to buy right nowStockEarningsThe only accurate crypto trading system I know …Weiss RatingsFed launches fourth dollar overhaulStansberry Research 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. 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