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Cathay General Bancorp (CATY)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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40.59-0.97 (-2.33%)
As of 1:40PM EDT. Market open.
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Previous Close41.56
Bid40.54 x 1000
Ask40.61 x 800
Day's Range40.51 - 41.38
52 Week Range20.59 - 45.19
Avg. Volume385,337
Market Cap3.231B
Beta (5Y Monthly)1.54
PE Ratio (TTM)14.14
EPS (TTM)2.87
Earnings DateApr 26, 2021
Forward Dividend & Yield1.24 (3.00%)
Ex-Dividend DateFeb 26, 2021
1y Target Est42.60
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
-7% Est. Return
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  • Cathay General Bancorp (CATY) Up 1.2% on New Share Buyback Plan

    Cathay General Bancorp (CATY) Up 1.2% on New Share Buyback Plan

    Cathay General Bancorp (CATY) rewards investors with new share repurchase plan. This, along with steady dividend payments, will continue enhancing shareholder value.

  • Cathay General To Buy Back $75M In Stock

    Cathay General To Buy Back $75M In Stock

    Cathay General Bancorp announced a new stock repurchase program of up to $75 million. Shares of the bank closed 1.7% higher on April 1. Cathay General’s (CATY) announcement follows the completion of the company’s prior stock repurchase program of $50 million, which was announced on May 7, 2019, and completed on Dec. 9, 2020. Under the completed program, the company repurchased 1,541,912 shares at an average price of $32.43. In January, Cathay General reported 4Q results. The company’s 4Q earnings rose 6% year-over-year to $0.89 per share and outpaced Street estimates of $0.76. Net interest income decreased 1% to $139.8 million. Additionally, net interest margin came in at 3.12%, down 22 basis points. (See Cathay General stock analysis on TipRanks) On March 16, Piper Sandler analyst Matthew Clark lifted the stock’s price target to $47 (13.3% upside potential) from $37 and maintained a Hold rating after meeting with management. Overall, the stock has a Hold consensus rating based on 2 Holds. The average analyst price target of $42.50 implies 2.5% upside potential from current levels. Shares have increased 29.7% so far this year. According to TipRanks’ Smart Score system, Cathay General gets a 6 out of 10, which indicates that the stock is likely to perform in line with market averages. Related News: TEGNA Bumps Up Quarterly Dividend By 36% HarborOne Bumps Up Quarterly Dividend By 66.7%; Shares Gain 2% Vipshop To Buy Back $500M In Stock; Shares Pop 9% More recent articles from Smarter Analyst: Interactive Brokers’ March DARTs & Client Accounts Climb Year-Over-Year Monday’s Pre-Market: Here’s What You Need To Know Before The Market Opens Pioneer Natural To Buy DoublePoint Energy For $6.4B; Shares Fall Pre-Market Q2 Holdings Inks Deal To Acquire ClickSWITCH; Shares Gain