Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Cathay General (CATY)
:CATY
RESEARCH TOOLSreports
Holding CATY?
Track your performance easily
CATY Stock Chart & Stats
Day’s Range― - ―
52-Week Range$33.88 - $55.29
Previous CloseN/A
Volume62.45K
Average Volume (3M)364.30K
Market Cap
$3.41B
Enterprise Value$3.14B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)$486.80M
Price to Earnings (P/E)12.1
Beta1.12
Next Earnings
Jan 22, 2025EPS Estimate
1.1Last Dividend Ex-Date
Nov 27, 2024Dividend Yield2.84%
Share Statistics
EPS (TTM)3.96
Shares Outstanding71,198,630
10 Day Avg. Volume311,665
30 Day Avg. Volume364,300
Standard Deviation0.10
R-Squared0.36
Alpha-0.00137
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.72
Price to Cash Flow (P/CF)10.50
P/FCF Ratio3.70
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue4.20
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$48.88Price Target Upside1.96% Upside
Rating ConsensusHold
Number of Analyst Covering4
Cathay General Bancorp News
PremiumCompany Announcements
Cathay General Bancorp Reports Strong Q3 2024 Earnings
Bulls Say, Bears Say
Bulls Say
Earnings And ProfitabilityNIM compression of 4 basis points was better than the estimated 6 basis points, with 2024 guidance reiterated.
Financial FlexibilityThe company's strong capital position provides flexibility to reduce deposit costs and generate prudent growth in a lower rate environment.
Share RepurchasesShare repurchases are guided to $35 million per quarter, with a potential increase by $7.5 million, which is better than expected.
Bears Say
Credit QualityCredit quality weakened as nonperforming loans increased 5% to $111 million, with net-charge offs rising by $7 million in the second quarter.
Financial PerformanceHigher than expected expenses, tax rate, and provision for loan losses resulted in a combined earnings reduction of $0.11 per share.
Loan GrowthLoan growth guidance for 2024 was lowered to -1% to 0% year-over-year, falling below previous expectations of 0%-2%.
---
Ownership Overview
4.59% Insiders
25.30% Mutual Funds
0.73% Other Institutional Investors
33.52% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
CATY FAQ
What was Cathay General’s price range in the past 12 months?
Cathay General lowest stock price was $33.88 and its highest was $55.29 in the past 12 months.
What is Cathay General’s market cap?
Cathay General’s market cap is $3.41B.
When is Cathay General’s upcoming earnings report date?
Cathay General’s upcoming earnings report date is Jan 22, 2025 which is in 4 days.
How were Cathay General’s earnings last quarter?
Cathay General released its earnings results on Oct 21, 2024. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by -$0.01.
Is Cathay General overvalued?
According to Wall Street analysts Cathay General’s price is currently Undervalued.
Does Cathay General pay dividends?
Cathay General pays a Quarterly dividend of $1.36 which represents an annual dividend yield of 2.84%. See more information on Cathay General dividends here
What is Cathay General’s EPS estimate?
Cathay General’s EPS estimate is 1.1.
How many shares outstanding does Cathay General have?
Cathay General has 71,198,630 shares outstanding.
What happened to Cathay General’s price movement after its last earnings report?
Cathay General reported an EPS of $0.94 in its last earnings report, missing expectations of $0.95. Following the earnings report the stock price went up 1.794%.
Which hedge fund is a major shareholder of Cathay General?
Currently, no hedge funds are holding shares in CATY
---
Cathay General Bancorp Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$48.88 (1.96% Upside)
$48.88 (1.96% Upside)
Blogger Sentiment
Bullish
CATY Sentiment 70%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 4.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.5M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
19.63%
12-Months-Change
Fundamentals
Return on Equity
10.54%
Trailing 12-Months
Asset Growth
1.88%
Trailing 12-Months
Company Description
Cathay General
Cathay General Bancorp is a holding company, which engages in the provision of financial services. It offers commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for automobile, household, and other consumer expenditures. The company was founded in 1962 and is headquartered in Los Angeles, CA.
---
CATY Company Deck
---
CATY Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance. There are positive aspects such as the increase in net income, stock buybacks, and growth in noninterest income and core deposits. However, challenges are evident in the significant increase in nonaccrual loans and provisions for credit losses, indicating underlying concerns in the loan portfolio.Read More>---
CATY Stock 12 Month Forecast
Average Price Target
$48.88
▲(1.96% Upside)
Technical Analysis
First Financial Bankshares
―
Bok Financial
―
Prosperity Bancshares
―
Commerce Bancshares
―
UMB Financial
―
Home Bancshares
―
Best Analysts Covering CATY
1 Year
1 Year Success Rate
11/21 ratings generated profit
1 Year Average Return
0.00%
assigned a buy rating 3 months ago
Copying David Chiaverini's trades and holding each position for 1 Year would result in 52.38% of your transactions generating a profit, with an average return of 0.00% per trade.
---