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Cathay General Bancorp (CATY)

Stock Price: $24.18 USD -0.41 (-1.67%)
Updated Jul 31, 2020 4:00 PM EDT - Market closed
After-hours: $24.11 -0.07 (-0.30%) Jul 31, 4:11 PM

Stock Price Chart

Key Info

Market Cap 1.93B
Revenue (ttm) 554.69M
Net Income (ttm) 259.31M
Shares Out 79.62M
EPS (ttm) 3.02
PE Ratio 8.01
Forward PE n/a
Dividend $1.24
Dividend Yield 5.13%

Stock Quote

Trading Day Jul 31, 2020
Last Price $24.18
Previous Close $24.59
Change ($) -0.41
Change (%) -1.67%
Day's Open 24.40
Day's Range 23.79 - 24.55
Day's Volume 180,304
52-Week Range 17.58 - 38.91

More Stats

Market Cap 1.93B
Enterprise Value 2.12B
Earnings Date (est) Oct 14, 2020
Ex-Dividend Date Jun 1, 2020
Shares Outstanding 79.62M
Float 75.24M
EPS (basic) 3.25
EPS (diluted) 3.02
FCF / Share 5.48
Dividend $1.24
Dividend Yield 5.13%
Earnings Yield 12.49%
FCF Yield 22.66%
Payout Ratio 38.20%
Shares Short 2.02M
Short Ratio 4.23
Short % of Float 3.09%
Beta 1.51
PE Ratio 8.01
Forward PE n/a
P/FCF Ratio 4.41
PS Ratio 3.47
PB Ratio 0.84
Revenue 554.69M
Operating Income 320.05M
Net Income 259.31M
Free Cash Flow 436.32M
Net Cash -195.96M
Net Cash / Share -2.46
Gross Margin 111.94%
Operating Margin 57.70%
Profit Margin 43.80%
FCF Margin 78.66%
ROA 1.31%
ROE 10.63%
ROIC 1.80%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (6)

Buy 1
Overweight 0
Hold 5
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$27.50*
(13.73% upside)
Low
24.0
Current: $24.18
High
32.0
Target: 27.50
*Average 12-month price target from 6 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue627602535467424394388377338173
Revenue Growth4.08%12.65%14.48%10.16%7.54%1.57%2.98%11.61%94.84%-
Gross Profit627602535467424394388377338173
Operating Income34933829824222122321719617211.81
Net Income27927217617516113812311710011.57
Shares Outstanding80.0081.1380.2679.1580.5679.6678.9578.7278.6377.07
Earnings Per Share3.483.332.172.191.981.721.431.281.06-0.06
EPS Growth4.5%53.46%-0.91%10.61%15.12%20.28%11.72%20.75%--
Dividend Per Share1.241.030.870.750.560.290.080.040.040.04
Dividend Growth20.39%18.39%16%33.93%93.1%262.5%100%0%0%-
Operating Cash Flow435337249234177150115165174169
Capital Expenditures-7.13-6.672.41-3.51-2.92-4.78-6.18-3.11-2.89-4.98
Free Cash Flow428330251231174145109161171164
Cash & Equivalents5946005401,185717666671557413294
Total Debt8907597558498531,0501,4941,6271,8532,324
Net Cash / Debt-297-159-215336-136-383-823-1,070-1,440-2,030
Assets18,09416,78515,64014,52113,25411,51710,98910,69410,64510,802
Liabilities15,80014,66313,66712,69211,5069,9149,5309,0659,1299,366
Book Value2,2942,1221,9731,8291,7481,6031,4591,6211,5071,428
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Cathay General Bancorp
Country United States
Employees 1,219
CEO Pin Tai

Stock Information

Ticker Symbol CATY
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: CATY

Description

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 automobile, household, and other consumer expenditures. In addition, the company offers letter of credit, wire transfer, forward currency spot and forward contract, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, trade financing, and other customary bank services, as well as securities and insurance products. As of December 31, 2018, it operated 26 branches in Southern California; 14 branches in Northern California; 11 branches in New York; 3 branches in Illinois area; 4 branches in Washington; 2 branches in Texas; and 1 each branch in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong, as well as 1 representative office in Taipei and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.