Financial Services - Banks - Regional - NASDAQ - US
$ 51.78
0.271 %
$ 3.69 B
Market Cap
13.08
P/E
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 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.[ Read More ]
The intrinsic value of one CATY stock under the base case scenario is HIDDEN Compared to the current market price of 51.8 USD, Cathay General Bancorp is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CATY
FINANCIALS
784 M
REVENUE
22.4 M
OPERATING INCOME
354 M
NET INCOME
385 M
OPERATING CASH FLOW
-1.48 B
INVESTING CASH FLOW
759 M
FINANCING CASH FLOW
190 M
REVENUE
78.2 M
OPERATING INCOME
67.5 M
NET INCOME
81.2 M
OPERATING CASH FLOW
145 M
INVESTING CASH FLOW
7.05 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Cathay General Bancorp
| Current Assets | 926 M |
| Cash & Short-Term Investments | 829 M |
| Receivables | 97.7 M |
| Other Current Assets | 0 |
| Non-Current Assets | 23.3 B |
| Long-Term Investments | 989 M |
| PP&E | 123 M |
| Other Non-Current Assets | 22.1 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 20.3 B |
| Long-Term Debt | 710 M |
| Other Non-Current Liabilities | 19.6 B |
EFFICIENCY
Earnings Waterfall
Cathay General Bancorp
| Revenue | 784 M |
| Cost Of Revenue | 0 |
| Gross Profit | 784 M |
| Operating Expenses | 810 M |
| Operating Income | 22.4 M |
| Other Expenses | -332 M |
| Net Income | 354 M |
RATIOS
100.00%
GROSS MARGIN
2.86%
OPERATING MARGIN
45.17%
NET MARGIN
12.94%
ROE
1.53%
ROA
0.58%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Cathay General Bancorp
| Net Income | 354 M |
| Depreciation & Amortization | 18.1 M |
| Capital Expenditures | -3.4 M |
| Stock-Based Compensation | 7.84 M |
| Change in Working Capital | -76.5 M |
| Others | 9.46 M |
| Free Cash Flow | 381 M |
Wall Street Analysts Price Targets
Cathay General Bancorp
Wall Street analysts predict an average 1-year price target for CATY of $50 , with forecasts ranging from a low of $50 to a high of $50 .
CATY Lowest Price Target
Wall Street Target
50 USD
-3.44%
CATY Average Price Target
Wall Street Target
50 USD
-3.44%
CATY Highest Price Target
Wall Street Target
50 USD
-3.44%
4. DIVIDEND ANALYSIS
0.79%
DIVIDEND YIELD
0.34 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Cathay General Bancorp
Sold
0-3 MONTHS
3.81 M USD 4
3-6 MONTHS
1.52 M USD 3
6-9 MONTHS
0 USD 0
9-12 MONTHS
304 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 week ago
Nov 06, 2024
|
Sell 157 K USD
|
TANG ANTHONY M
Vice Chairman |
- 3000
|
52.27 USD |
|
1 week ago
Nov 06, 2024
|
Sell 2.11 M USD
|
WU PETER
Vice Chairman |
- 40000
|
52.87 USD |
|
2 weeks ago
Oct 30, 2024
|
Sell 343 K USD
|
WU PETER
Vice Chairman |
- 7289
|
47.0505 USD |
|
2 weeks ago
Oct 31, 2024
|
Sell 596 K USD
|
WU PETER
Vice Chairman |
- 12711
|
46.92 USD |
|
2 weeks ago
Oct 30, 2024
|
Sell 42.3 K USD
|
Lo Thomas M.
EVP, Chief Admin Officer |
- 900
|
47 USD |
|
2 months ago
Aug 26, 2024
|
Sell 555 K USD
|
CHENG DUNSON K
Executive Chairman |
- 12401
|
44.7868 USD |
|
3 months ago
Jul 26, 2024
|
Sell 904 K USD
|
WU PETER
Vice Chairman |
- 20000
|
45.1862 USD |
|
3 months ago
Jul 25, 2024
|
Sell 343 K USD
|
TANG ANTHONY M
Vice Chairman |
- 7620
|
45.01 USD |
|
3 months ago
Jul 25, 2024
|
Sell 269 K USD
|
BINGHAM KIM R
EVP, Chief Risk Officer |
- 6000
|
44.891 USD |
|
9 months ago
Jan 29, 2024
|
Sell 304 K USD
|
TANG ANTHONY M
Vice Chairman |
- 7000
|
43.4502 USD |
|
1 year ago
Nov 03, 2023
|
Sell 225 K USD
|
BINGHAM KIM R
EVP, Chief Risk Officer |
- 6000
|
37.4239 USD |
|
1 year ago
Apr 25, 2023
|
Bought 140 K USD
|
Sun Richard
Director |
+ 4000
|
35 USD |
|
1 year ago
Apr 25, 2023
|
Bought 38.5 K USD
|
Sun Richard
Director |
+ 1100
|
35 USD |
|
1 year ago
Apr 25, 2023
|
Bought 24.5 K USD
|
Sun Richard
Director |
+ 700
|
35 USD |
|
1 year ago
Apr 25, 2023
|
Bought 10.5 K USD
|
Sun Richard
Director |
+ 300
|
35 USD |
|
1 year ago
Feb 07, 2023
|
Sell 226 K USD
|
TANG ANTHONY M
Vice Chairman |
- 5000
|
45.2 USD |
|
1 year ago
Dec 09, 2022
|
Sell 432 K USD
|
TANG ANTHONY M
Vice Chairman |
- 10000
|
43.24 USD |
|
2 years ago
Nov 09, 2022
|
Sell 131 K USD
|
WU PETER
Vice Chairman |
- 2905
|
45.0479 USD |
|
2 years ago
Nov 10, 2022
|
Sell 790 K USD
|
WU PETER
Vice Chairman |
- 17095
|
46.22 USD |
|
2 years ago
Oct 27, 2022
|
Sell 222 K USD
|
TANG ANTHONY M
Vice Chairman |
- 5000
|
44.38 USD |
|
2 years ago
Oct 28, 2022
|
Sell 445 K USD
|
TANG ANTHONY M
Vice Chairman |
- 10000
|
44.475 USD |
|
2 years ago
Oct 31, 2022
|
Sell 227 K USD
|
TANG ANTHONY M
Vice Chairman |
- 5000
|
45.375 USD |
|
2 years ago
Aug 16, 2022
|
Sell 45.5 K USD
|
CHENG DUNSON K
Executive Chairman |
- 1000
|
45.4852 USD |
|
2 years ago
Aug 09, 2022
|
Sell 84.6 K USD
|
CHENG DUNSON K
Executive Chairman |
- 2000
|
42.288 USD |
|
2 years ago
Aug 11, 2022
|
Sell 43.8 K USD
|
CHENG DUNSON K
Executive Chairman |
- 1000
|
43.7709 USD |
|
2 years ago
Aug 04, 2022
|
Sell 415 K USD
|
CHENG DUNSON K
Executive Chairman |
- 10000
|
41.5017 USD |
|
2 years ago
Aug 05, 2022
|
Sell 379 K USD
|
CHENG DUNSON K
Executive Chairman |
- 9000
|
42.089 USD |
|
2 years ago
Jul 29, 2022
|
Sell 248 K USD
|
BINGHAM KIM R
EVP, Chief Risk Officer |
- 6000
|
41.33 USD |
|
2 years ago
Jul 29, 2022
|
Sell 208 K USD
|
TANG ANTHONY M
Vice Chairman |
- 5000
|
41.55 USD |
|
3 years ago
Oct 29, 2021
|
Sell 128 K USD
|
BINGHAM KIM R
EVP, Chief Risk Officer |
- 3000
|
42.6801 USD |
|
3 years ago
Aug 27, 2021
|
Sell 795 K USD
|
WU PETER
Vice Chairman |
- 20000
|
39.7428 USD |
|
3 years ago
Feb 09, 2021
|
Sell 449 K USD
|
CHENG DUNSON K
Executive Chairman |
- 11975
|
37.5202 USD |
|
3 years ago
Dec 10, 2020
|
Sell 186 K USD
|
WONG IRWIN
SEVP, Chief Admin Officer |
- 6200
|
30 USD |
|
3 years ago
Dec 03, 2020
|
Sell 98.4 K USD
|
TANG ANTHONY M
Vice Chairman |
- 3322
|
29.6081 USD |
|
3 years ago
Dec 04, 2020
|
Sell 150 K USD
|
TANG ANTHONY M
Vice Chairman |
- 5000
|
30 USD |
|
3 years ago
Dec 01, 2020
|
Sell 109 K USD
|
Jelenko Jane H
Director |
- 3843
|
28.2875 USD |
|
3 years ago
Nov 24, 2020
|
Sell 251 K USD
|
WONG IRWIN
SEVP, Chief Admin Officer |
- 8101
|
31 USD |
|
4 years ago
Aug 24, 2020
|
Bought 128 K USD
|
Sun Richard
Director |
+ 5100
|
25 USD |
|
4 years ago
Aug 24, 2020
|
Bought 55 K USD
|
Sun Richard
Director |
+ 2200
|
25 USD |
|
4 years ago
Aug 24, 2020
|
Bought 50 K USD
|
Sun Richard
Director |
+ 2000
|
25 USD |
|
4 years ago
Aug 04, 2020
|
Bought 60 K USD
|
Sun Richard
Director |
+ 2000
|
30 USD |
|
4 years ago
Aug 04, 2020
|
Bought 150 K USD
|
Sun Richard
Director |
+ 5000
|
30 USD |
|
4 years ago
Aug 04, 2020
|
Bought 75 K USD
|
Sun Richard
Director |
+ 2500
|
30 USD |
|
4 years ago
Aug 04, 2020
|
Bought 48 K USD
|
Sun Richard
Director |
+ 1600
|
30 USD |
|
4 years ago
Aug 04, 2020
|
Bought 45 K USD
|
Sun Richard
Director |
+ 1500
|
30 USD |
|
4 years ago
Jun 09, 2020
|
Sell 152 K USD
|
BINGHAM KIM R
EVP, Chief Risk Officer |
- 4986
|
30.5201 USD |
|
4 years ago
Jun 05, 2020
|
Sell 245 K USD
|
WONG IRWIN
SEVP, Chief Admin Officer |
- 8080
|
30.37 USD |
|
4 years ago
Feb 04, 2020
|
Sell 50.4 K USD
|
Kim Lisa L.
EVP, General Counsel |
- 1360
|
37.0389 USD |
|
4 years ago
Dec 06, 2019
|
Sell 676 K USD
|
CHENG DUNSON K
Executive Chairman |
- 17969
|
37.6202 USD |
|
5 years ago
Nov 13, 2019
|
Sell 186 K USD
|
Jelenko Jane H
Director |
- 5000
|
37.13 USD |
|
5 years ago
Nov 05, 2019
|
Sell 55.7 K USD
|
Kim Lisa L.
EVP, General Counsel |
- 1500
|
37.1168 USD |
|
5 years ago
Nov 05, 2019
|
Sell 333 K USD
|
WONG IRWIN
SEVP, Chief Admin Officer |
- 8968
|
37.1 USD |
|
5 years ago
Nov 04, 2019
|
Sell 366 K USD
|
TANG ANTHONY M
Vice Chairman |
- 10000
|
36.585 USD |
|
5 years ago
Sep 10, 2019
|
Sell 130 K USD
|
Kim Lisa L.
EVP, General Counsel |
- 3745
|
34.7 USD |
|
5 years ago
Jul 23, 2019
|
Sell 123 K USD
|
BINGHAM KIM R
EVP, Chief Risk Officer |
- 3400
|
36.21 USD |
|
5 years ago
Mar 06, 2019
|
Sell 159 K USD
|
BINGHAM KIM R
EVP, Chief Risk Officer |
- 4200
|
37.92 USD |
|
5 years ago
Feb 20, 2019
|
Sell 398 K USD
|
TANG ANTHONY M
Vice Chairman |
- 10000
|
39.7627 USD |
|
5 years ago
Feb 04, 2019
|
Sell 18.8 K USD
|
BINGHAM KIM R
EVP, Chief Risk Officer |
- 501
|
37.61 USD |
|
5 years ago
Feb 04, 2019
|
Sell 15 K USD
|
BINGHAM KIM R
EVP, Chief Risk Officer |
- 399
|
37.62 USD |
7. News
Cathay General Bancorp Declares $0.34 Per Share Dividend
LOS ANGELES--(BUSINESS WIRE)--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.
businesswire.com
- 1 day ago
Cathay General Bancorp: Shares Performed As Expected
Cathay General Bancorp has had a nice run lower over the past year or so, with shares outperforming the broader market. This has come at a time when income statement results have worsened, but deposits have increased nicely. Unfortunately, the company now looks ready for a downgrade based on pricing, asset quality, and other factors.
seekingalpha.com
- 2 days ago
Cathay General Bancorp: Rate Cuts To Help Earnings Bounce Back Next Year
Despite recent performance, my loan growth outlook remains positive because of the economic strength of urban markets and interest rate cuts. The net interest margin will likely continue to expand because rate cuts will reduce the average deposit cost, but the average loan yield will remain sticky. The December 2024 target price is close to the current market price.
seekingalpha.com
- 1 week ago
Cathay General Bancorp (CATY) Q3 2024 Earnings Call Transcript
Cathay General Bancorp (NASDAQ:CATY ) Q3 2024 Earnings Conference Call October 21, 2024 6:00 PM ET Company Participants Georgia Lo - IR Chang Liu - President & CEO Heng Chen - EVP, CFO & Treasurer Conference Call Participants Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Nicholas Moutafakis - KBW Adam Butler - Piper Sandler Operator Good afternoon, ladies and gentlemen, and welcome to Cathay General Bancorp's Third Quarter of 2024 Earnings Conference Call.
seekingalpha.com
- 3 weeks ago
Cathay (CATY) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Cathay (CATY) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 3 weeks ago
Cathay General (CATY) Q3 Earnings Miss Estimates
Cathay General (CATY) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.13 per share a year ago.
zacks.com
- 3 weeks ago
Cathay General Bancorp Announces Third Quarter 2024 Results
LOS ANGELES--(BUSINESS WIRE)--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 mil.
businesswire.com
- 3 weeks ago
Is a Surprise Coming for Cathay (CATY) This Earnings Season?
Cathay (CATY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
zacks.com
- 1 month ago
Cathay (CATY) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Besides Wall Street's top -and-bottom-line estimates for Cathay (CATY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
zacks.com
- 1 month ago
Cathay General (CATY) Expected to Beat Earnings Estimates: Should You Buy?
Cathay (CATY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
Will Cathay (CATY) Beat Estimates Again in Its Next Earnings Report?
Cathay (CATY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
zacks.com
- 1 month ago
Cathay General Bancorp to Announce Third Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--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.
businesswire.com
- 1 month ago
8. Profile Summary
Cathay General Bancorp CATY
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 3.69 B
Dividend Yield
0.79%
Description
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 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 March 1, 2022, it operated 31 branches in Southern California, 16 branches in Northern California, 10 branches in New York, four branches in Washington, two branches in Illinois, and two branches in Texas, as well as one branch each in Maryland, Massachusetts, Nevada, and New Jersey, and Hong Kong; and a representative office each in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.
Contact
777 North Broadway, Los Angeles, CA, 90012
https://www.cathaygeneralbancorp.com
IPO Date
Dec. 14, 1990
Employees
1246
Officers
Mr. Chang Ming Liu
Chief Executive Officer, President & Director
Mr. Thomas M. Lo
Executive Vice President & Chief Administrative Officer
Ms. Georgia Lo
Assistant Secretary & Investor Relations
Ms. May K. Chan
Senior Vice President, General Counsel, Secretary & Sustainability Officer
Mr. Dunson K. Cheng
Executive Chairman of the Board
Mr. Heng W. Chen
Executive Vice President, Chief Financial Officer & Treasurer