Cathay General Bancorp (CATY)

NASDAQ: CATY · IEX Real-Time Price · USD
45.31
+0.20 (0.44%)
At close: Feb 3, 2023, 4:00 PM
45.41
+0.10 (0.22%)
After-hours: Feb 3, 2023, 4:16 PM EST
0.44%
Market Cap 3.37B
Revenue (ttm) 735.22M
Net Income (ttm) 338.37M
Shares Out 74.41M
EPS (ttm) 4.50
PE Ratio 10.07
Forward PE n/a
Dividend $1.36 (3.00%)
Ex-Dividend Date Nov 28, 2022
Volume 323,399
Open 44.94
Previous Close 45.11
Day's Range 43.69 - 45.69
52-Week Range 37.37 - 48.88
Beta 1.17
Analysts Buy
Price Target 48.62 (+7.31%)
Earnings Date Jan 25, 2023

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... [Read more]

Sector Financials
Founded 1962
Employees 1,156
Stock Exchange NASDAQ
Ticker Symbol CATY
Full Company Profile

Financial Performance

In 2021, CATY's revenue was $668.37 million, an increase of 24.36% compared to the previous year's $537.43 million. Earnings were $298.30 million, an increase of 30.34%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for CATY stock is "Buy." The 12-month stock price forecast is $48.62, which is an increase of 7.31% from the latest price.

Price Target
$48.62
(7.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Chang M. Liu Appointed to the Los Angeles Branch Board of Federal Reserve Bank of San Francisco and Elected as California Member Director of the Federal Home Loan Bank of San Francisco

LOS ANGELES--(BUSINESS WIRE)--President and Chief Executive Officer of Cathay General Bancorp and Cathay Bank, Chang M. Liu, has been appointed by the Federal Reserve Bank of San Francisco to serve ...

1 week ago - Business Wire

Cathay General (CATY) Misses Q4 Earnings and Revenue Estimates

Cathay (CATY) delivered earnings and revenue surprises of -5% and 1.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

Cathay General Bancorp Announces Fourth Quarter and Full Year 2022 Results

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for th...

1 week ago - Business Wire

Cathay General Bancorp to Announce Fourth Quarter and Full Year 2022 Financial Results

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its fourth quarter and full year 2022 financial results after the m...

1 month ago - Business Wire

Are Finance Stocks Lagging Cathay General Bancorp (CATY) This Year?

Here is how Cathay General (CATY) and Associated Banc-Corp (ASB) have performed compared to their sector so far this year.

2 months ago - Zacks Investment Research

Cathay General Bancorp Declares $0.34 Per Share Dividend

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on December 9, 2022,...

2 months ago - Business Wire

Should You Buy Cathay General (CATY) After Golden Cross?

When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?

2 months ago - Zacks Investment Research

Are You Looking for a Top Momentum Pick? Why Cathay General (CATY) is a Great Choice

Does Cathay General (CATY) have what it takes to be a top stock pick for momentum investors? Let's find out.

3 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for October 27th

IBA, CATY and ONB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 27, 2022.

Other symbols: IBAONB
3 months ago - Zacks Investment Research

New Strong Buy Stocks for October 27th

BXRX, SSB, IBA, CATY and KOF have been added to the Zacks Rank #1 (Strong Buy) List on October 27, 2022.

Other symbols: BXRXIBAKOFSSB
3 months ago - Zacks Investment Research

Best Income Stocks to Buy for October 27th

SSB, KOF and CATY made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 27, 2022.

Other symbols: KOFSSB
3 months ago - Zacks Investment Research

Cathay General (CATY) Tops Q3 Earnings and Revenue Estimates

Cathay (CATY) delivered earnings and revenue surprises of 3.85% and 2.81%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Cathay General Bancorp Announces Third Quarter 2022 Results

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the ...

3 months ago - Business Wire

Cathay General (CATY) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cathay General (CATY) have what it takes?

3 months ago - Zacks Investment Research

CATHAY BANK | UCLA ANDERSON FORECAST U.S.-CHINA ECONOMIC REPORT 2022 FALL UPDATE RELEASED The Influence of Current Events on U.S./China Relations and Economies

LOS ANGELES , Oct. 20, 2022 /PRNewswire/ -- Cathay Bank announced the release of the Cathay Bank | UCLA Anderson Forecast U.S.-China Economic Report 2022 Fall Update. The update reviews the changes an...

3 months ago - PRNewsWire

Cathay Bank | UCLA Anderson Forecast U.S.-China Economic Report 2022 Fall Update Released

LOS ANGELES--(BUSINESS WIRE)--Cathay Bank announced the release of the Cathay Bank | UCLA Anderson Forecast U.S.-China Economic Report 2022 Fall Update.

3 months ago - Business Wire

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.

3 months ago - Zacks Investment Research

Cathay General Bancorp to Announce Third Quarter 2022 Financial Results

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its third quarter 2022 financial results after the markets close on M...

4 months ago - Business Wire

Why Cathay General (CATY) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cathay General (CATY) have what it takes?

4 months ago - Zacks Investment Research

Why Cathay General (CATY) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cathay General (CATY) have what it takes?

5 months ago - Zacks Investment Research

Cathay General (CATY) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cathay General (CATY) have what it takes?

6 months ago - Zacks Investment Research

Cathay General (CATY) Is Up 0.86% in One Week: What You Should Know

Does Cathay General (CATY) have what it takes to be a top stock pick for momentum investors? Let's find out.

6 months ago - Zacks Investment Research

Is Cathay General Bancorp (CATY) Stock Outpacing Its Finance Peers This Year?

Here is how Cathay General (CATY) and Chubb (CB) have performed compared to their sector so far this year.

6 months ago - Zacks Investment Research

This is Why Cathay General (CATY) is a Great Dividend Stock

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cathay General (CATY) have what it takes?

6 months ago - Zacks Investment Research

Cathay General (CATY) Beats Q2 Earnings and Revenue Estimates

Cathay (CATY) delivered earnings and revenue surprises of 2.61% and 3.24%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research