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Cathay General Bancorp (CATY)

NASDAQ: CATY · IEX Real-Time Price · USD
38.51 0.26 (0.68%)
Sep 21, 2021 12:16 PM EDT - Market open
Market Cap2.98B
Revenue (ttm)626.21M
Net Income (ttm)278.27M
Shares Out79.17M
EPS (ttm)3.49
PE Ratio11.03
Forward PEn/a
Dividend$1.24 (3.22%)
Ex-Dividend DateAug 27, 2021
Volume92,320
Open38.57
Previous Close38.25
Day's Range38.14 - 38.97
52-Week Range19.91 - 44.49
Beta1.50
AnalystsHold
Price Target43.60 (+13.2%)
Est. Earnings DateOct 25, 2021

About 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...

IndustryBanks
Founded1962
CEOPin Tai
Employees1,205
Stock ExchangeNASDAQ
Ticker SymbolCATY
Full Company Profile

Financial Performance

In 2020, CATY's revenue was $537.43 million, a decrease of -14.24% compared to the previous year's $626.66 million. Earnings were $228.86 million, a decrease of -18.01%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for CATY stock is "Hold." The 12-month stock price forecast is 43.60, which is an increase of 13.22% from the latest price.

Price Target
$43.60
(13.22% upside)
Analyst Consensus: Hold

News

Cathay General Bancorp (CATY) Up 1.6% on New Share Buyback Plan

Cathay General Bancorp's (CATY) announcement of new share repurchase authorization will enhance shareholder value.

2 weeks ago - Zacks Investment Research

Cathay General Bancorp Adopts New Share Repurchase Program

LOS ANGELES, Sept. 2, 2021 /PRNewswire/ -- Cathay General Bancorp (the "Company", Nasdaq: CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurc...

2 weeks ago - PRNewsWire

New Analyst Coverage Puts Spotlight on These 5 Stocks

Increased analyst coverage over the past few weeks might lead to solid price appreciation for stocks like NBTB, BIO, RDNT, ABR and CATY.

Other symbols:ABRBIONBTBRDNT
3 weeks ago - Zacks Investment Research

Cathay General Bancorp Declares $0.31 Per Share Dividend

LOS ANGELES, Aug. 19, 2021 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-one cents per common share, payable on September...

1 month ago - PRNewsWire

Top Ranked Income Stocks to Buy for August 19th

APTS, TAK, CATY, and BSET made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 19, 2021

Other symbols:APTSBSETTAK
1 month ago - Zacks Investment Research

5 Stocks to Buy as Analysts Initiate Coverage

Increased analyst coverage over the past few weeks might lead to solid price appreciation for stocks like CATY, BIO, CHE, MTLS and ABR.

Other symbols:ABRBIOCHEMTLS
1 month ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for July 30th

BHP, FANH, CATY, and CHCO made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 30, 2021.

Other symbols:BHPCHCOFANH
1 month ago - Zacks Investment Research

Cathay General (CATY) Q2 Earnings and Revenues Beat Estimates

Cathay (CATY) delivered earnings and revenue surprises of 16.87% and 2.91%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Cathay General Bancorp Announces Second Quarter 2021 Results

LOS ANGELES, July 26, 2021 /PRNewswire/ -- Cathay General Bancorp (the "Company", "we", "us", or "our") (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial resul...

1 month ago - PRNewsWire

Earnings Outlook For Cathay General

Cathay General (NASDAQ:CATY) releases its next round of earnings this Monday, July 26. Here is Benzinga's essential guide to Cathay General's Q2 earnings report.

1 month ago - Benzinga

Why Cathay General (CATY) Might Surprise This Earnings Season

Cathay General (CATY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 month ago - Zacks Investment Research

Cathay General (CATY) Earnings Expected to Grow: Should You Buy?

Cathay (CATY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Cathay General Bancorp to Announce Second Quarter 2021 Financial Results

LOS ANGELES, July 8, 2021 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its second quarter 2021 financial results after the markets...

2 months ago - PRNewsWire

Why You Shouldn't Bet Against Cathay General Bancorp (CATY) Stock

Cathay General Bancorp (CATY) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

2 months ago - Zacks Investment Research

HSBC to Exit U.S. Retail Banking Business, Sell 90 Branches

HSBC planning divestiture of 90 branches in order to exit the U.S. retail banking business.

Other symbols:CFGHSBC
3 months ago - Zacks Investment Research

Cathay Bank To Acquire 10 Branches And Select West Coast Loans And Deposits From HSBC

LOS ANGELES, May 26, 2021 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY) announced that its subsidiary bank, Cathay Bank, has entered into a purchase and assumption agreement with HSBC Bank USA, ...

3 months ago - PRNewsWire

Cathay General Bancorp Declares $0.31 Per Share Dividend

LOS ANGELES, May 17, 2021 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-one cents per common share, payable on June 7, 20...

4 months ago - PRNewsWire

Cathay General (CATY) Q1 Earnings and Revenues Beat Estimates

Cathay (CATY) delivered earnings and revenue surprises of 17.95% and 0.48%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Cathay General: Q1 Earnings Insights

Shares of Cathay General (NASDAQ:CATY) decreased 1.2% in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 55.93% year over year to $0.92, which beat ...

4 months ago - Benzinga

Cathay General Bancorp Announces First Quarter 2021 Results

LOS ANGELES, April 26, 2021 /PRNewswire/ -- Cathay General Bancorp (the "Company", "we", "us", or "our") (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial resu...

4 months ago - PRNewsWire

Cathay General (CATY) Reports Next Week: Wall Street Expects Earnings Growth

Cathay (CATY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research

Cathay General Bancorp to Announce First Quarter 2021 Financial Results

LOS ANGELES, April 8, 2021 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2021 financial results after the markets...

5 months ago - PRNewsWire

Cathay General Bancorp (CATY) Up 1.2% on New Share Buyback Plan

Cathay General Bancorp (CATY) rewards investors with new share repurchase plan. This, along with steady dividend payments, will continue enhancing shareholder value.

5 months ago - Zacks Investment Research

Cathay General Bancorp Adopts New Share Repurchase Program

LOS ANGELES, April 1, 2021 /PRNewswire/ -- Cathay General Bancorp (the "Company", Nasdaq: CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurc...

5 months ago - PRNewsWire

Should Value Investors Consider Cathay (CATY) Stock Now?

Let's see if Cathay (CATY) stock is a good choice for value-oriented investors right now from multiple angles.

5 months ago - Zacks Investment Research