Cathay General Bancorp (CATY)
| Market Cap | 2.98B |
| Revenue (ttm) | 626.21M |
| Net Income (ttm) | 278.27M |
| Shares Out | 79.17M |
| EPS (ttm) | 3.49 |
| PE Ratio | 11.03 |
| Forward PE | n/a |
| Dividend | $1.24 (3.22%) |
| Ex-Dividend Date | Aug 27, 2021 |
| Volume | 92,320 |
| Open | 38.57 |
| Previous Close | 38.25 |
| Day's Range | 38.14 - 38.97 |
| 52-Week Range | 19.91 - 44.49 |
| Beta | 1.50 |
| Analysts | Hold |
| Price Target | 43.60 (+13.2%) |
| Est. Earnings Date | Oct 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...
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 StatementsAnalyst 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.
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.
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...
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.
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...
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
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.
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.
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?
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...
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.
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.
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.
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...
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.
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.
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, ...
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...
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?
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 ...
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...
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.
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...
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.
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...
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.