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$19.03 2.55 (15.47%)
10/10/2008 4:00 PM

Cathay General Bancorp (CATY)

CAPS Rating:
**

A holding company for Cathay Bank that accepts checking, savings, and time deposits, and makes commercial, real estate, personal, home improvement, automobile, and other installment and term loans.

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What the Community Thinks

Total Members

65 Outperforms
20 Underperforms
 

All-Stars

22 Outperforms
5 Underperforms
 

Wall Street

1 Outperforms
1 Underperforms
 

Members bullish on CATY are also bullish on:

Members bearish on CATY are also bearish on:

Ticker Tags

Regional - Pacific Banks (80), Small Cap (1922)
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Cathay General Bancorp At A Glance

Current Price: $19.03
Last Trade Time: 10/10/2008 4:00 PM
Open: $16.00
Previous Close: $16.48
Daily Range: $15.00 - $20.40
52-Week Range: $9.75 - $35.00
Volume: 853,775
Market Cap: $1.24B
P/E Ratio: 11.13
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Stock Trends

CATY VS S&P 500 (SPY)

CATY 12 month chart vs. S&P

News & Discussion Boards

Other News Headlines for CATY

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Top Bull Pitch

Recs

6

Cathay General Bancorp (CATY)

Avatar wuwei2jours (< 20) Submitted: 5/19/08 8:04 PM

This conservatively run Chinese-American old-fashioned bank has dropped in tandem with other banks, but without the justifications. It has only token exposure to mortgages (done mainly as a courtesy for its commercial customers), has increased its loan-loss reserve only insignificantly, and continu...More

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Recs

0

 (CATY)

Avatar UniMate (22.88) Submitted: 8/11/08 1:23 PM : Outperform Start Price: $23.11 CATY Score: 14.94

Regional pacific banks

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Recs

0

 (CATY)

Avatar dartthrowingmnky (71.04) Submitted: 7/21/08 2:47 PM : Outperform Start Price: $16.71 CATY Score: 43.53

dart #10 from drtthrowingmnky

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Recs

0

 (CATY)

Avatar josc (55.87) Submitted: 5/30/08 12:27 PM : Outperform Start Price: $15.12 CATY Score: 62.79

Well run bank, that is exposed to loans but only in the chinese american market, where people save more and have better credit.

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Recs

6

 (CATY)

Avatar wuwei2jours (< 20) Submitted: 5/19/08 8:04 PM : Outperform Start Price: $15.17 CATY Score: 63.33

This conservatively run Chinese-American old-fashioned bank has dropped in tandem with other banks, but without the justifications. It has only token exposure to mortgages (done mainly as a courtesy for its commercial customers), has increased its loan-loss reserve only insignificantly, and continues to increase its marketing reach through targeted acquisitions. At 77% of book value, a P/E of 6, and paying a 2.6% dividend, CATY is quite the lady among financial-services prospects. No trading thrills here, just a very conservative bargain to hold over at least a year or two.

Apparently the stock price dropped another 6% last week because of the Chinese earthquake, which is not in any way connected to its business. We can learn from history: a few years ago the very temporary "Chinese-American spy plane incident" -- also totally unconnected -- caused a drop of nearly 20%, which very quickly reversed.

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Recs

2

 (CATY)

Avatar Ryanlanham (< 20) Submitted: 12/16/07 5:13 PM : Outperform Start Price: $25.88 CATY Score: 13.16

Hammered for no reason at all. Great value.

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Wall Street

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Pick
Member NameMember RatingStart
Date
CallTime FrameStart
Price
Stock
Gain
S&P
Gain
ScorePitch
TrackFBR 63.12 10/22/07 Underperform NS $27.98-31.99%-40.55%-8.56
TrackRonBaron 85.25 09/30/07 Outperform NS $31.50-39.59%-42.00%+2.40 Toggle the visibility of 60-Second Pitch and replies

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