Cathay Bank/CATY

$36.00

3.86%
-
1D1W1MYTD1YMAX

About Cathay Bank

Cathay General Bancorp is the holding company of Cathay Bank, a California state-chartered commercial bank (the Bank). The Bank services individuals, professionals, and small to medium-sized businesses in the local markets in which its branches are located and provides commercial real estate loans, commercial loans, United States Small Business Administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for, household and other consumer expenditures. It offers products and services to businesses, such as checking and deposit, lines of credit, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services. It offers similar services that are available to consumers. It provides financial services to diverse commercial and professional businesses in its market areas.

Ticker

CATY

Sector

Financials

Trading on

NASDAQ

Industry

Money Center Banks

CEO

Dunson Cheng

Employees

1,246

Headquarters

Los angeles, United States

Cathay Bank Metrics

BasicAdvanced
$2.52B
Market cap
7.13
P/E ratio
$4.86
EPS
1.12
Beta
$1.36
Dividend rate
3.92%
Dividend yield
$2.52B
1.11834
$45.72
$27.24
374.67K
$1.36
4.93
4.93
27.85%
1.57%
13.59%
7.131
3.11
0.92
1.069
8.912
3.26%
3.92%
3.92%
45.92%
0.51%
21.04%
19.21%
3.13%

What the Analysts think about Cathay Bank

Analyst Ratings

Majority rating from 6 analysts.
Hold

Price Targets

Average projection from 6 analysts.
13.42% upside
High $46.00
Low $34.00
$36.00
Current price
$40.83
Average price target

Cathay Bank Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
23.15% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$356.3M
7.58%
Net income
$82.5M
0.24%
Profit margin
23.15%
-6.8%

Cathay Bank Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 6.27%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$1.32
$1.28
$1.13
$1.13
-
Expected
$1.25
$1.13
$1.10
$1.06
$0.98
Surprise
5.39%
13.31%
3.13%
6.27%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Cathay Bank stock?

Cathay Bank (CATY) has a market cap of $2.52B as of April 20, 2024.

What is the P/E ratio for Cathay Bank stock?

The price to earnings (P/E) ratio for Cathay Bank (CATY) stock is 7.13 as of April 20, 2024.

Does Cathay Bank stock pay dividends?

Yes, the Cathay Bank (CATY) stock pays dividends to shareholders. As of April 20, 2024, the dividend rate is $1.36 and the yield is 3.92%. Cathay Bank has a payout ratio of 27.85% on a trailing twelve-month basis.

When is the next Cathay Bank dividend payment date?

The next Cathay Bank (CATY) dividend payment date is unconfirmed.

What is the beta indicator for Cathay Bank?

Cathay Bank (CATY) has a beta rating of 1.12. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Cathay Bank stock price target?

The target price for Cathay Bank (CATY) stock is $40.83, which is 13.42% above the current price of $36. This is an average based on projections from 6 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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