Cathay General Bancorp
CATY

$45.24

0.6%

Market Cap: 3.26B

About: Cathay General Bancorp is a regional bank predominantly serving the Chinese-American community. The company's policy is to reach out and actively offer services to low-to-moderate income groups in the delineated branch service areas. It predominantly provides services such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services to individuals, professionals, and small to medium-sized businesses. Through its Wealth Management unit, the company also offers investment products and services, such as stocks, bonds, mutual funds, insurance, annuities, and advisory services.

Employees: 1,246

Financials State Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 7 analysts

0

News positive %

of 7 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1,176% more call options, than puts

Call options by funds: $1.06M | Put options by funds: $83K

130% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 20

12% more funds holding

Funds holding: 225 [Q4 2023] → 251 (+26) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

4.05% less ownership

Funds ownership: 74.98% [Q4 2023] → 70.93% (-4.05%) [Q1 2024]

20% less capital invested

Capital invested by funds: $2.43B [Q4 2023] → $1.95B (-$479M) [Q1 2024]

33% less repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 98

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$36

20%

downside

Avg. target

$42

7%

downside

High target

$50

11%

upside

7 analyst ratings

2 positive

29%

4 neutral

57%

1 negative

14%

Truist Securities Brandon King	1%downside $45	Hold Maintained	24 Jul 2024
Wedbush David Chiaverini	11%upside $50	Outperform Maintained	23 Jul 2024
Piper Sandler Matthew Clark	20%downside $36	Underweight Maintained	23 Jul 2024
Truist Securities Brandon King	16%downside $38	Hold Maintained	25 Apr 2024
Keefe, Bruyette & Woods Christopher Mcgratty	9%downside $41	Market Perform Maintained	23 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about CATY published over the past 30 days

Cathay General Bancorp (CATY) Q2 2024 Earnings Call Transcript

Cathay General Bancorp (NASDAQ:CATY ) Q2 2024 Results Conference Call July 23, 2024 6:00 PM ET Company Participants Georgia Lo - Investor Relations Chang Liu - President and Chief Executive Officer Heng Chen - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Andrew Leischner - KBW Operator Good afternoon, ladies and gentlemen, and welcome to the Cathay General Bancorp Second Quarter 2024 Earnings Conference Call.

Cathay General Bancorp (CATY) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Cathay (CATY) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Although the revenue and EPS for Cathay (CATY) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Cathay (CATY) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Investment Research

Cathay General (CATY) Q2 Earnings Surpass Estimates

Cathay General (CATY) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.28 per share a year ago.

Cathay General (CATY) Q2 Earnings Surpass Estimates

Cathay General Bancorp Announces Second 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 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 fore.

Cathay General Bancorp Announces Second Quarter 2024 Results

Zacks Investment Research

Cathay General (CATY) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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.

Cathay General (CATY) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Zacks Investment Research

Why Cathay (CATY) is Poised to Beat Earnings Estimates Again

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.

Why Cathay (CATY) is Poised to Beat Earnings Estimates Again

Cathay General Bancorp to Announce Second Quarter 2024 Financial Results

LOS ANGELES--(BUSINESS WIRE)--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) Dur.

Cathay General Bancorp to Announce Second Quarter 2024 Financial Results

Zacks Investment Research

Cathay General (CATY) Announces $125M New Share Buyback Plan

Cathay General (CATY) announces a new share repurchase program worth $125 million, with no set expiration date. Its strong liquidity position is expected to help sustain the capital distribution.

Cathay General (CATY) Announces $125M New Share Buyback Plan

Cathay General Bancorp Adopts New Share Repurchase Program

LOS ANGELES--(BUSINESS WIRE)--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.

Cathay General Bancorp Adopts New Share Repurchase Program

Cathay Announces Two New Board Directors

LOS ANGELES--(BUSINESS WIRE)--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.

Cathay Announces Two New Board Directors

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