An Open Door for All
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Type
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Subsidiary of Cathay General Bancorp (國泰萬通金控)) |
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Traded as | NASDAQ: CATY S&P 400 Component |
Industry | Finance and Insurance |
Founded | Los Angeles, California, U.S. (1962) |
Headquarters | Los Angeles, California, U.S. |
Key people
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Dunson K. Cheng (Executive Chairman) Pin Tai (CEO, President) |
Products | Banking |
Net income
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US$161.1 million (2015) |
Total assets | US$14.5 billion (2016) |
Number of employees
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1,122 (2015) |
Website | https://www.cathaybank.com/ |
Cathay Bank (traditional Chinese: 國泰銀行; simplified Chinese: 国泰银行; pinyin: Guótài Yínháng) is a Sino-American bank based in Los Angeles, California. Founded in 1962, it has since expanded its network throughout California and into Massachusetts, New York, Texas, Washington, Illinois, New Jersey, Nevada, Maryland, and Hong Kong. Additionally, it has representative offices in Shanghai and Taipei.
The headquarter is in Chinatown, Los Angeles, and there is a corporate center in El Monte, California.
Cathay Bank first opened in 1962 in Los Angeles' Chinatown as the first Sino-American bank in Southern California. In 1979 it opened its first branch office in Monterey Park. Its first overseas representative office in Hong Kong was opened in 1985.
In 1999, Cathay expanded beyond California by opening a loan production office in Houston, Texas, which was converted to a full service branch in 2000. Expansion to New York occurred in 1999 with the acquisition of certain assets of Golden City Commercial Bank.
In 2003, branch offices were opened in Boston, Massachusetts, and Kent, Washington. Cathay merged with General Bank in 2003. In 2006, Cathay prevailed in a bidding war with United Commercial Bank to acquire Great Eastern Bank. Cathay also acquired New Asia Bank in 2006.
On March 31, 2006, announced plans to acquire a 20% stake in First Sino Bank, but the deal fell through due to the companies failing to get approval from the Chinese government. On March 30, 2007, Cathay expanded into New Jersey when it completed its acquisition of United Heritage Bank.
In 2007, Cathay Bank converts its Hong Kong Representative office into a full service branch.
On January 21, 2015, Cathay General Bancorp, the holding company for Cathay Bank, and Asia Bancshares, the holding company for Asia Bank, N.A., announced that they have entered into a definitive agreement for the merger of Asia Bancshares into Cathay. The result of the merger increased Cathay Bank's presence in New York as well as added Maryland to its list of service areas.
On July 8, 2016, Cathay announced plans to acquire Far East National Bank.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-10-24 | Future report Set alerts | |
Q2 2022 | 2022-07-25 | 1.18 | 1.18 |
Q1 2022 | 2022-04-25 | 1.03 | 1.03 |
Q4 2021 | 2022-01-27 | 0.99 | 0.99 |
Q3 2021 | 2021-10-25 | 0.93 | 0.93 |
Q2 2021 | 2021-07-26 | 0.97 | 0.97 |
Q1 2021 | 2021-04-26 | 0.92 | 0.92 |
Q4 2020 | 2021-01-27 | 0.89 | 0.89 |
Q3 2020 | 2020-10-26 | 0.00 | 0.00 |
Q2 2020 | 2020-07-27 | 0.68 | 0.68 |
2016-07-11 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $31.00 to $32.00 |
2016-07-06 | Reiterated Rating | BMO Capital Markets | Outperform | $33.00 to $32.00 |
2016-04-21 | Boost Price Target | DA Davidson | Neutral | $30.00 to $33.00 |
2016-04-15 | Downgrade | Sandler O'Neill | Buy to Hold | |
2016-01-21 | Lower Price Target | RBC Capital | Outperform | $36.00 to $33.00 |
2016-01-21 | Lower Price Target | Royal Bank Of Canada | Outperform | $36.00 to $33.00 |
2015-07-22 | Reiterated Rating | Piper Jaffray | Hold | $31.00 to $32.00 |
2015-07-22 | Reiterated Rating | RBC Capital | Outperform | $32.00 to $36.00 |
2015-07-22 | Reiterated Rating | Piper Jaffray Cos. | Hold | $31.00 to $32.00 |
2015-06-25 | Reiterated Rating | Piper Jaffray | Neutral | $31.00 |
2015-06-12 | Initiated Coverage | Piper Jaffray | Neutral | $31.00 |
2015-06-04 | Boost Price Target | BMO Capital Markets | Outperform | $33.00 to $35.00 |
2015-04-27 | Reiterated Rating | Keefe, Bruyette & Woods | Hold | $30.00 |
2015-04-24 | Downgrade | Keefe, Bruyette & Woods | Outperform to Market Perform | $28.00 to $30.00 |
2015-03-16 | Boost Price Target | BMO Capital Markets | Outperform | $28.00 to $30.00 |
2015-01-23 | Lower Price Target | Keefe, Bruyette & Woods | Outperform | $27.50 to $27.00 |
2014-11-20 | Initiated Coverage | Sterne Agee CRT | Neutral | |
2014-07-29 | Boost Price Target | Keefe, Bruyette & Woods | $26.00 to $27.50 | |
2014-07-23 | Boost Price Target | RBC Capital | Outperform | $28.00 to $29.00 |
2014-07-23 | Boost Price Target | BMO Capital Markets | Outperform | $29.00 |
2014-04-17 | Lower Price Target | DA Davidson | Neutral | $28.00 to $27.50 |
2014-04-08 | Boost Price Target | BMO Capital Markets | $27.00 to $28.00 | |
2014-02-04 | Upgrade | Keefe, Bruyette & Woods | Market Perform to Outperform | |
2014-01-30 | Upgrade | BMO Capital Markets | Market Perform to Outperform | $27.00 |
2014-01-28 | Boost Price Target | Keefe, Bruyette & Woods | $23.50 to $26.00 | |
2013-11-26 | Upgrade | Raymond James | Market Perform to Outperform | |
2013-10-27 | Reiterated Rating | BMO Capital Markets | Hold | $24.00 |
2013-10-23 | Boost Price Target | Sandler O'Neill | Buy | $26.00 to $28.00 |
2013-10-23 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $22.50 to $23.50 |
2013-10-23 | Boost Price Target | DA Davidson | Neutral | $23.50 to $28.00 |
2010-07-28 | Reiterated | FBR Capital | Mkt Perform | $12 to $13 |
2010-03-15 | Downgrade | B. Riley & Co | Buy to Neutral | |
2010-02-02 | Reiterated | FBR Capital | Mkt Perform | $9 to $10 |
2010-01-29 | Reiterated | FBR Capital | Mkt Perform | $8.50 to $9 |
2009-11-11 | Upgrade | FBR Capital | Underperform to Mkt Perform | $8.50 |
2009-10-09 | Upgrade | B. Riley & Co | Neutral to Buy | |
2009-07-31 | Downgrade | B. Riley & Co | Buy to Neutral |
2016-07-11 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $31.00 to $32.00 |
2016-07-06 | Reiterated Rating | BMO Capital Markets | Outperform | $33.00 to $32.00 |
2016-04-21 | Boost Price Target | DA Davidson | Neutral | $30.00 to $33.00 |
2016-04-15 | Downgrade | Sandler O'Neill | Buy to Hold | |
2016-01-21 | Lower Price Target | RBC Capital | Outperform | $36.00 to $33.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CATY 204 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 8.62M |
Vanguard Group, Inc | 7.27M |
BlackRock Fund Advisors | 4.59M |
STATE STREET CORP | 3.09M |
DIMENSIONAL FUND ADVISORS LP | 3.06M |
BlackRock Institutional Trust Company, N.A. | 2.37M |
SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 1.88M |
GEODE CAPITAL MANAGEMENT, LLC | 1.37M |
PRINCIPAL FINANCIAL GROUP INC | 1.29M |
LSV ASSET MANAGEMENT | 1.28M |
BTIM Corp. | 1.19M |
NORTHERN TRUST CORP | 1.18M |
Invesco Ltd. | 1.17M |
GANNETT WELSH & KOTLER | 1.07M |
Nuveen Asset Management, LLC | 1.02M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
CATHAY GENERAL BANCORP | 0.90% (715000) | BYFC / CATY / |
TANG ANTHONY M EVP | 0.38% (303006) | CATY / |
CHEN HENG W EVP/CFO | 0.13% (102375) | CATY / |
CHAN KELLY L | 0.11% (90386) | CATY / |
CHENG DUNSON K Chairman, President, & CEO | 0.11% (85161) | CATY / |
WONG IRWIN EVP - Branch Administration | 0.05% (43760) | CATY / |
Tai Pin EVP, Deputy CLO, Cathay Bank | 0.04% (33690) | CATY / |
CHANG MICHAEL M Y | 0.04% (30833) | CATY / |
BINGHAM KIM R EVP - Chief Credit Officer | 0.03% (25208) | CATY / |
Chow Donald Sang EVP, Chief Credit Officer | 0.03% (22067) | CATY / |
LIU TING Y | 0.03% (22055) | CATY / |
WU PETER Executive Vice Chairman/COO | 0.02% (14582) | CATY / |
POON JOSEPH C H | 0.02% (13291) | CATY / |
CHIU THOMAS C T | 0.01% (10020) | CATY / |
CHUNG NELSON | 0.01% (5106) | CATY / |
OEI PERRY SVP, General Counsel,Secretary | 0.01% (4398) | CATY / |