How to Buy Cathay General Bancorp Stock
Cathay General Bancorp
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.
Cathay General Bancorp stock last closed at $34.44, down 0.92% from the previous day, and has increased 9.58% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.07 percentage points. Cathay General Bancorp stock is currently +26.43% from its 52-week low of $27.24, and -24.67% from its 52-week high of $45.72.
As of Apr 30, 2024, there are 72.67M shares of CATY outstanding. The market cap of CATY is $2.50B. In the last 24 hours, 255,391 CATY shares were traded.
How to Buy Cathay General Bancorp Stock
Wondering how to invest in Cathay General Bancorp stock? Here's how.
- Choose where to buy Cathay General Bancorp stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you determine where to buy Cathay General Bancorp stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your payment method and add your details.
- Research Cathay General Bancorp stock: The Cathay General Bancorp ticker symbol is CATY. Is Cathay General Bancorp stock a good investment? Should you buy shares of CATY? How do CATY's underlying business fundamentals look? Do top analysts think Cathay General Bancorp is a good buy? Why has CATY's stock price moved recently? (Hint: Our stock market research tools can help you understand if CATY is a good stock to buy).
- Execute your CATY buy order: Decide if you will purchase CATY shares at the current market price or use a limit order to purchase CATY stock at a given price.
- Get the latest news on your CATY position: Create a watchlist to key updates about your position in Cathay General Bancorp shares.
Step 1: Choose where to buy Cathay General Bancorp stock
You will need an online brokerage account in order to access the NASDAQ market and buy CATY stock.
Our recommended brokerage: eToro
Based on our experience, eToro is the best stock brokerage. eToro gives you:
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- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you can buy CATY stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start your new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on the best stock broker app, you need to deposit funds:
Watch the tutorial below for more details depositing money into your brokerage account.
Step 4: Research Cathay General Bancorp stock
After you have identified the best place to buy Cathay General Bancorp stock, it's critical to evaluate their stock prior to buying, so you truly understand the risk as well as the opportunity.
Cathay General Bancorp stock data
CATY Fundamentals
WallStreetZen was built to help average investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on CATY's stock page.
What is the fair value of CATY stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CATY's true value.
Using relative valuations ratios:
- CATY may be undervalued based on its P/E ratio of 7.06x, relative to Banks - Regional industry P/E ratio of -10.08x
- CATY could be undervalued based on its P/B ratio of 0.91x, relative to Banks - Regional industry P/B ratio of 0.97x
- CATY could be overvalued based on its PEG ratio of 1.24x
You can do more valuation research on CATY's stock here.
CATY Financial Health
Signs that CATY is financially healthy:
- CATY earnings of $403.58M is not enough to cover its interest payments.
- CATY's operating cash flow of $384.74M allows it to safely service it's debt of $712.98M.
Signs that CATY is not financially healthy:
- Total CATY debt is higher than 5 years ago, relative to shareholder equity.
- CATY profit margin has gone down from 46.5% to 45.2% in the past year.
- CATY has a relatively high debt to equity ratio of 7.43.
Is it a good time to buy CATY stock, according to Wall Street analysts?
Out of 4 Wall Street analysts who give forecasts on CATY, the consensus analyst rating on Cathay General Bancorp is a Hold
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Cathay General Bancorp stock forecast page.
CATY Trading Indicators
How is CATY performing as a company?
Last year, CATY earnings were $354.12M. In the past five year, CATY's earnings have increased by 7.81% per year. This was slower than the Banks - Regional industry average of 16.53%.
Last year, CATY revenue was $784.06M. In the past five year, CATY's revenue has gone up by 5.42% per year. This was slower than the Banks - Regional industry average of 7.63%.
Find out more about CATY's earnings and revenue performance here.
Latest Insiders Trades at CATY
In the past year, insiders at CATY have sold more shares than they have bought.
Kim R. Bingham, EVP Chief Risk Officer of CATY, was the latest CATY insider to sell. They sold $100,505.93 worth of CATY stock on Apr 1, 2024.
Learn more about who owns CATY stock here.
Does CATY stock generate passive income?
Cathay General Bancorp pays a dividend of 3.95%, compared to the Banks - Regional industry's average dividend yield of 3.92%. If you owned $1,000 worth of CATY stock, you would have been paid $39.49 last year.
Cathay General Bancorp dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Cathay General Bancorp dividend yield and history here.
What others are saying about CATY
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your CATY buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, use a limit order.
Hit the Open Trade button and eToro will place your order.
If you want more assistance investing in stocks on eToro, click the how to video below:
Step 6: Get the latest news on your CATY position
Now that you own some CATY stock, you'll want to keep up with your stock purchase.
Create a watchlist to get the latest updates about your CATY stock.
CATY Feed
How to Buy Stock in Cathay General Bancorp
To summarize, here are the 6 steps for buying Cathay General Bancorp stock:
- Choose where to buy Cathay General Bancorp stock
- Create a brokerage account
- Deposit funds into your investment account
- Research Cathay General Bancorp stock
- Execute your CATY buy order
- Get the latest news on your CATY position
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Cathay General Bancorp, click the button below.
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