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, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for automobile, household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. As of January 27, 2021, it operated 38 branches in California; 10 branches in New York; three branches in Illinois; four branches in Washington; two branches in Texas; and one each branch in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong, as well as a representative office in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.
IPO Year:
Exchange: NASDAQ
Website: cathaygeneralbancorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2023 | $31.00 | Neutral → Underweight | Piper Sandler |
| 7/14/2022 | $45.00 | Equal-Weight | Stephens |
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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, 2024, to stockholders of record at the close of business on November 27, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (NASDAQ:CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada,
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 quarter ended September 30, 2024. The Company reported net income of $67.5 million, or $0.94 per diluted share, for the third quarter of 2024. FINANCIAL PERFORMANCE Three months ended (unaudited) September 30, 2024 June 30, 2024 September 30, 2023 Net income $ 67.5 million $ 66.8 million $ 82.4 million Basic earnings per common share $0.94 $0.92 $1.14 Diluted earnings per common share $0.94 $0.92 $1.13 Return on average assets 1.15% 1.15% 1.42% Return on a
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its third quarter 2024 financial results after the markets close on Monday, October 21, 2024. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, October 21, 2024 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10193436 Participants should join the live conference call 5 to 10 minutes before its scheduled start. Webcast
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on September 9, 2024, to stockholders of record at the close of business on August 29, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (NASDAQ:CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, a
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 quarter ended June 30, 2024. The Company reported net income of $66.8 million, or $0.92 per share, for the second quarter of 2024. The second quarter net income included $4.1 million or $0.04 per diluted share from accelerated amortization of solar tax credit investments, which were previously forecasted to be amortized in the second half of 2024 and $1.4 million or $0.01 per diluted share mark-to-market loss from equity securities held by the Company. FINANCIAL PERFORMANCE Three months ended (unaudited) June 30, 202
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its second quarter 2024 financial results after the markets close on Monday, July 22, 2024. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, July 22, 2024 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10190674 Participants should join the live conference call 5 to 10 minutes before its sche
Cathay General Bancorp ((the "Company", NASDAQ:CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $125,000,000 of the Company's common stock. The previous $125,000,000 share repurchase program announced on May 26, 2022, was completed on February 21, 2023, with the repurchase of 2,897,628 shares at an average cost of $43.14. The share repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing, price and volume of the share repurchases will be determined by the Company's management based on its evaluation of market condit
Cathay General Bancorp ((the "Company", NASDAQ:CATY), the holding company for Cathay Bank (the "Bank"), elected two new members, Ann Yee Kono and Elizabeth Woo, to the Board of Directors of the Company and the Bank respectively at the Company Annual Stockholder's Meeting on May 13, 2024, and the Bank's Board of Directors meeting held yesterday. Ann Yee Kono is the founder and Chief Executive Officer of Leda Advisory Group, a management consulting firm that partners with asset managers to advise on growth and scale. Prior to Leda, among her many accolades, Ms. Kono spent 11 years at Ares Management Corporation ("Ares"), a global alternative investment manager operating in the credit, priva
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on June 10, 2024, to stockholders of record at the close of business on May 30, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (NASDAQ:CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New
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 quarter ended March 31, 2024. The Company reported net income of $71.4 million, or $0.98 per share, for the first quarter of 2024. The first quarter net income included a $9.0 million or $0.09 per diluted share mark-to market loss from equity securities held by the Company and a $2.9 million or $0.03 per diluted share accrual for an increase in the FDIC special assessment. FINANCIAL PERFORMANCE Three months ended (unaudited) March 31, 2024 December 31, 2023 March 31, 2023 N
Piper Sandler downgraded Cathay Bancorp from Neutral to Underweight and set a new price target of $31.00
Stephens initiated coverage of Cathay Bancorp with a rating of Equal-Weight and set a new price target of $45.00
Truist resumed coverage of Cathay Bancorp with a rating of Hold and set a new price target of $41.00 from $38.00 previously
Piper Sandler reiterated coverage of Cathay General Bancorp with a rating of Neutral and set a new price target of $47.00 from $37.00 previously
Truist reiterated coverage of Cathay General Bancorp with a rating of and set a new price target of $38.00 from $33.00 previously
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Truist Securities analyst Brandon King maintains Cathay General (NASDAQ:CATY) with a Hold and raises the price target from $38 to $45.
Wedbush analyst David Chiaverini maintains Cathay General (NASDAQ:CATY) with a Outperform and raises the price target from $44 to $50.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Goldman Sachs cut the price target for SunPower Corporation (NASDAQ:SPWR) from $2 to $0.5. Goldman Sachs analyst Brian Lee maintained a Sell rating. SunPower shares gained 5.4% to close at $0.7158 on Monday. See how other analysts view this stock. Piper Sandler increased the price target for Cathay General Bancorp (NASDAQ:CATY) from $32 to $36. Piper Sandler analyst Matthew Clark maintained an Underweight rating. Cathay General Bancorp shares gained 2.4% to close at $43.02 on Monday. See how other
Piper Sandler analyst Matthew Clark maintains Cathay General (NASDAQ:CATY) with a Underweight and raises the price target from $32 to $36.
Cathay General (NASDAQ:CATY) reported quarterly earnings of $0.96 per share which beat the analyst consensus estimate of $0.94 by 2.13 percent. The company reported quarterly sales of $178.531 million which missed the analyst consensus estimate of $179.184 million by 0.36 percent. This is a 12.76 percent decrease over sales of $204.643 million the same period last year.
The previous $125,000,000 share repurchase program announced on May 26, 2022, was completed on February 21, 2023, with the repurchase of 2,897,628 shares at an average cost of $43.14. The share repurchases may be made from time to time on the open market or in privately negotiated transactions.
In the preceding three months, 4 analysts have released ratings for Cathay General (NASDAQ:CATY), presenting a wide array of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Cathay General and provided 12-month price targets. The average target is $40.75, accompanied by a high es
Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains Cathay General (NASDAQ:CATY) with a Market Perform and lowers the price target from $46 to $41.
Wedbush analyst David Chiaverini reiterates Cathay General (NASDAQ:CATY) with a Outperform and maintains $44 price target.
Cathay General (NASDAQ:CATY) reported quarterly earnings of $0.98 per share which met the analyst consensus estimate. This is a 25.76 percent decrease over earnings of $1.32 per share from the same period last year. The company reported quarterly sales of $175.183 million which missed the analyst consensus estimate of $187.456 million by 6.55 percent. This is a 15.24 percent decrease over sales of $206.679 million the same period last year.
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, 2024, to stockholders of record at the close of business on November 27, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (NASDAQ:CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada,
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 quarter ended September 30, 2024. The Company reported net income of $67.5 million, or $0.94 per diluted share, for the third quarter of 2024. FINANCIAL PERFORMANCE Three months ended (unaudited) September 30, 2024 June 30, 2024 September 30, 2023 Net income $ 67.5 million $ 66.8 million $ 82.4 million Basic earnings per common share $0.94 $0.92 $1.14 Diluted earnings per common share $0.94 $0.92 $1.13 Return on average assets 1.15% 1.15% 1.42% Return on a
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its third quarter 2024 financial results after the markets close on Monday, October 21, 2024. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, October 21, 2024 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10193436 Participants should join the live conference call 5 to 10 minutes before its scheduled start. Webcast
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on September 9, 2024, to stockholders of record at the close of business on August 29, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (NASDAQ:CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, a
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 quarter ended June 30, 2024. The Company reported net income of $66.8 million, or $0.92 per share, for the second quarter of 2024. The second quarter net income included $4.1 million or $0.04 per diluted share from accelerated amortization of solar tax credit investments, which were previously forecasted to be amortized in the second half of 2024 and $1.4 million or $0.01 per diluted share mark-to-market loss from equity securities held by the Company. FINANCIAL PERFORMANCE Three months ended (unaudited) June 30, 202
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its second quarter 2024 financial results after the markets close on Monday, July 22, 2024. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, July 22, 2024 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10190674 Participants should join the live conference call 5 to 10 minutes before its sche
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on June 10, 2024, to stockholders of record at the close of business on May 30, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (NASDAQ:CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New
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 quarter ended March 31, 2024. The Company reported net income of $71.4 million, or $0.98 per share, for the first quarter of 2024. The first quarter net income included a $9.0 million or $0.09 per diluted share mark-to market loss from equity securities held by the Company and a $2.9 million or $0.03 per diluted share accrual for an increase in the FDIC special assessment. FINANCIAL PERFORMANCE Three months ended (unaudited) March 31, 2024 December 31, 2023 March 31, 2023 N
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2024 financial results after the markets close on Monday, April 22, 2024. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, April 22, 2024 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10187902 Participants should join the live conference call 5 to 10 minutes before its schedul
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on March 11, 2024, to stockholders of record at the close of business on February 28, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (NASDAQ:CATY) and is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland,