Positive News SentimentPositive NewsNASDAQ:CATY Cathay General Bancorp (CATY) Stock Price, News & Analysis $42.08 -0.57 (-1.34%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$41.80▼$43.1450-Day Range$36.27▼$45.2452-Week Range$32.08▼$45.88Volume348,496 shsAverage Volume336,667 shsMarket Capitalization$3.06 billionP/E Ratio9.31Dividend Yield3.23%Price Target$43.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Cathay General Bancorp alerts: Email Address Cathay General Bancorp MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside2.2% Upside$43.00 Price TargetShort InterestBearish3.26% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.51Upright™ Environmental ScoreNews Sentiment1.60Based on 2 Articles This WeekInsider TradingSelling Shares$1.73 M Sold Last QuarterProj. Earnings Growth1.98%From $4.05 to $4.13 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.3.33 out of 5 starsFinance Sector378th out of 871 stocksState Commercial Banks Industry80th out of 177 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, 2 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.Read more about Cathay General Bancorp's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.26% 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 6.7.Change versus previous monthShort interest in Cathay General Bancorp has recently increased by 4.21%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldCathay General Bancorp pays a meaningful dividend of 3.11%, higher than the bottom 25% of all stocks that pay dividends.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 32.93% next year. This indicates that Cathay General Bancorp will be able to sustain or increase its dividend.Read more about Cathay General Bancorp's dividend. Previous Next 2.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCathay General Bancorp has received a 18.65% 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 3.1 News and Social Media Coverage News SentimentCathay General Bancorp has a news sentiment score of 1.60. 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 higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Cathay General Bancorp this week, compared to 3 articles on an average week.Search Interest7 people have searched for CATY on MarketBeat in the last 30 days. This is an increase of 75% 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 $1,728,581.00 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.Read more about Cathay General Bancorp's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Cathay General Bancorp are expected to grow by 1.98% in the coming year, from $4.05 to $4.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cathay General Bancorp is 9.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.71.Price to Earnings Ratio vs. SectorThe P/E ratio of Cathay General Bancorp is 9.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 32.64.Price to Book Value per Share RatioCathay General Bancorp has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Cathay General Bancorp's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyWhy billionaires are wiring money to abandoned towns A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution. Click here for my exclusive video 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 HeadlinesAugust 29, 2024 | insidertrades.comCathay General Bancorp (NASDAQ:CATY) Chairman Sells $555,440.79 in StockAugust 30, 2024 | americanbankingnews.comDunson K. Cheng Sells 12,401 Shares of Cathay General Bancorp (NASDAQ:CATY) StockSeptember 7, 2024 | Sasco Gold LLC (Ad)Say Goodbye to the US DollarThe warning signs are everywhere… According to experts, the United States Dollar is "as good as doomed." I believe the American people deserve to control the fate of their own life savings which is why I had my team put together our latest guide to protect your hard-earned wealth before it's too late... August 12, 2024 | finance.yahoo.comCathay General Bancorp Second Quarter 2024 Earnings: EPS Misses ExpectationsAugust 1, 2024 | seekingalpha.comCathay General: Turnaround Seems Near, Buy On DipsJuly 29, 2024 | lse.co.ukCathay General Bancorp Share Price (CATY.US)July 24, 2024 | msn.comCathay General Bancorp (NASDAQ:CATY) Q2 2024 Earnings Call TranscriptJuly 23, 2024 | forbes.comCathay BankSeptember 7, 2024 | Sasco Gold LLC (Ad)Say Goodbye to the US DollarThe warning signs are everywhere… According to experts, the United States Dollar is "as good as doomed." I believe the American people deserve to control the fate of their own life savings which is why I had my team put together our latest guide to protect your hard-earned wealth before it's too late... July 23, 2024 | markets.businessinsider.comCathay General Bancorp: Strong EPS and Proactive Financial Strategy Justify Buy RatingJuly 23, 2024 | seekingalpha.comCathay General Bancorp (CATY) Q2 2024 Earnings Call TranscriptJuly 23, 2024 | washingtonpost.comCathay: Q2 Earnings SnapshotJuly 23, 2024 | msn.comCathay General Bancorp GAAP EPS of $0.92 misses by $0.02, revenue of $178M misses by $1.13MJuly 23, 2024 | markets.businessinsider.comKBW Reaffirms Their Hold Rating on Cathay General Bancorp (CATY)July 22, 2024 | gurufocus.comCathay General Bancorp (CATY) Q2 2024 Earnings: EPS of $0. ...July 22, 2024 | businesswire.comCathay General Bancorp Announces Second Quarter 2024 ResultsJuly 3, 2024 | businesswire.comCathay General Bancorp to Announce Second Quarter 2024 Financial ResultsMay 29, 2024 | markets.businessinsider.comCathay General Bancorp To Repurchase Up To $125 Mln Of Common StockSee 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 6/10 Dividend5/30/2024Dividend Payable6/10/2024Last Earnings7/22/2024Ex-Dividend for 9/9 Dividend8/29/2024Today9/07/2024Dividend Payable9/09/2024Next Earnings (Estimated)10/28/2024Fiscal 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$43.00 High Stock Price Target$50.00 Low Stock Price Target$36.00 Potential Upside/Downside+2.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$4.52 Trailing P/E Ratio9.31 Forward P/E Ratio10.39 P/E GrowthN/ANet Income$354.12 million Net Margins22.08% Pretax Margin24.63% Return on Equity11.96% Return on Assets1.41% Debt Debt-to-Equity Ratio0.11 Current Ratio1.03 Quick Ratio1.03 Sales & Book Value Annual Sales$752.43 million Price / Sales4.07 Cash Flow$6.04 per share Price / Cash Flow6.97 Book Value$38.70 per share Price / Book1.09Miscellaneous Outstanding Shares72,813,000Free Float69,347,000Market Cap$3.06 billion OptionableOptionable Beta1.13 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: $1.28MMr. Chang Ming Liu (Age 57)CEO, President & Director Comp: $1.7MMr. Heng W. Chen (Age 71)Executive VP, CFO & Treasurer Comp: $931.25kMs. Georgia LoAssistant Secretary & Investor RelationsMay K. Chan (Age 46)Senior VP, General Counsel, Secretary & Sustainability Officer Key CompetitorsAssociated BancNYSE:ASBInvestors BancorpNASDAQ:ISBCAtlantic Union BanksharesNASDAQ:AUBIBERIABANKNASDAQ:IBKCHilltopNYSE:HTHView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 10,783 shares on 9/5/2024Ownership: 0.015%Dana Investment Advisors Inc.Sold 1,329 shares on 8/27/2024Ownership: 0.070%Dunson K ChengSold 12,401 sharesTotal: $555,440.79 ($44.79/share)Algert Global LLCBought 61,986 shares on 8/16/2024Ownership: 0.085%Creative PlanningSold 275 shares on 8/16/2024Ownership: 0.014%View All Insider TransactionsView All Institutional Transactions CATY Stock Analysis - Frequently Asked Questions How have CATY shares performed this year? Cathay General Bancorp's stock was trading at $44.57 on January 1st, 2024. Since then, CATY shares have decreased by 5.6% and is now trading at $42.08. View the best growth stocks for 2024 here. How were Cathay General Bancorp's earnings last quarter? Cathay General Bancorp (NASDAQ:CATY) issued its quarterly earnings results on Monday, July, 22nd. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.94 by $0.02. Cathay General Bancorp's quarterly revenue was down 12.8% on a year-over-year basis. 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. Who are Cathay General Bancorp's major shareholders? Cathay General Bancorp's top institutional investors include Dimensional Fund Advisors LP (5.76%), American Century Companies Inc. (1.73%), Massachusetts Financial Services Co. MA (1.53%) and LSV Asset Management (1.29%). Insiders that own company stock include Peter Wu, Anthony M Tang, Dunson K Cheng, Kim R Bingham 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. What other stocks do shareholders of Cathay General Bancorp own? Based on aggregate information from My MarketBeat watchlists, some other companies that Cathay General Bancorp investors own include Energy Transfer (ET), Pfizer (PFE), AT&T (T), Verizon Communications (VZ), Broadcom (AVGO), AbbVie (ABBV) and Bank of America (BAC). This page (NASDAQ:CATY) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. Reg A inv...Mode Mobile | SponsoredBiden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial inde...Golden Crest | SponsoredTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredChina Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a populat...True Gold Republic | SponsoredSay Goodbye to the US DollarThe warning signs are everywhere… According to experts, the United States Dollar is "as good as doomed." ...Sasco Gold LLC | SponsoredTrump’s weapon lurks in abandoned AmericaUnemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. ...Porter & Company | Sponsored 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. Share Cathay General Bancorp With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.