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Cathay General Bancorp (CATY)
NASDAQ:CATY
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CATY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$33.88 - $55.29
Previous Close$47.49
Volume1.27M
Average Volume (3M)308.60K
Market Cap
$3.35B
Enterprise Value$3.56B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$212.04M
Price to Earnings (P/E)11.9
Beta1.09
Next Earnings
Jan 22, 2025EPS Estimate
$1.1Last Dividend Ex-Date
Nov 27, 2024Dividend Yield2.89%
Share Statistics
EPS (TTM)3.96
Shares Outstanding71,198,632
10 Day Avg. Volume400,703
30 Day Avg. Volume308,599
Standard Deviation0.10
R-Squared0.35
Alpha-0.00026
Financial Highlights & Ratios
Price to Book (P/B)1.20
Price to Sales (P/S)4.63
Price to Cash Flow (P/CF)10.30
P/FCF Ratio3.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.76
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$48.50Price Target Upside2.13% Upside
Rating ConsensusHold
Number of Analyst Covering5
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%.
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Ownership Overview
4.60% Insiders
25.33% Mutual Funds
8.37% Other Institutional Investors
25.33% 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.
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CATY FAQ
What was Cathay General Bancorp’s price range in the past 12 months?
Cathay General Bancorp lowest stock price was $33.88 and its highest was $55.29 in the past 12 months.
What is Cathay General Bancorp’s market cap?
Currently, no data Available
When is Cathay General Bancorp’s upcoming earnings report date?
Cathay General Bancorp’s upcoming earnings report date is Jan 22, 2025 which is in 32 days.
How were Cathay General Bancorp’s earnings last quarter?
Cathay General Bancorp 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 Bancorp overvalued?
According to Wall Street analysts Cathay General Bancorp’s price is currently Undervalued.
Does Cathay General Bancorp pay dividends?
Cathay General Bancorp pays a Quarterly dividend of $0.34 which represents an annual dividend yield of 2.89%. See more information on Cathay General Bancorp dividends here
What is Cathay General Bancorp’s EPS estimate?
Cathay General Bancorp’s EPS estimate is $1.1.
How many shares outstanding does Cathay General Bancorp have?
Cathay General Bancorp has 71,198,630 shares outstanding.
What happened to Cathay General Bancorp’s price movement after its last earnings report?
Cathay General Bancorp 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 Bancorp?
Among the largest hedge funds holding Cathay General Bancorp’s share is Hotchkis & Wiley Capital Management LLC. It holds Cathay General Bancorp’s shares valued at 7M.
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Cathay General Bancorp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$48.50 (2.13% Upside)
$48.50 (2.13% Upside)
Blogger Sentiment
Bullish
CATY Sentiment 100%
Sector Average 65%
Sector Average 65%
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
Technicals
SMA
Positive
20 days / 200 days
Momentum
11.12%
12-Months-Change
Fundamentals
Return on Equity
10.54%
Trailing 12-Months
Asset Growth
1.88%
Trailing 12-Months
Company Description
Cathay General Bancorp
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.
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CATY Company Deck
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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
$48.50
▲(2.13% Upside)
Technical Analysis
First Financial Bankshares
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Bok Financial
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Prosperity Bancshares
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Commerce Bancshares
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Best Analysts Covering CATY
1 Year
1 Year Success Rate
11/21 ratings generated profit
1 Year Average Return
+0.51%
assigned a buy rating 2 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 +0.51% per trade.
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