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Cathay General Bancorp (CATY)
35.04  0.08 (0.23%)    04-26 16:00
Open: 34.86
High: 35.28
Volume: 188,313
  
Pre. Close: 34.96
Low: 34.78
Market Cap: 2,546(M)
Technical analysis
2024-04-26 4:40:53 PM
Short term     
Mid term     
Targets 6-month :  43.28 1-year :  45.58
Resists First :  37.06 Second :  39.02
Pivot price 35.41
Supports First :  33.88 Second :  28.18
MAs MA(5) :  35.4 MA(20) :  35.72
MA(100) :  39.9 MA(250) :  36.55
MACD MACD :  -0.8 Signal :  -0.9
%K %D K(14,3) :  37.7 D(3) :  41.7
RSI RSI(14): 41.9
52-week High :  45.72 Low :  27.23
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ CATY ] has closed above bottom band by 38.5%. Bollinger Bands are 29.9% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 35.31 - 35.48 35.48 - 35.63
Low: 34.37 - 34.57 34.57 - 34.74
Close: 34.74 - 35.05 35.05 - 35.32
Company 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.

Headline News

Fri, 26 Apr 2024
Cathay General Bancorp Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected - Simply Wall St

Thu, 25 Apr 2024
FY2025 EPS Estimates for Cathay General Bancorp (NASDAQ:CATY) Lifted by DA Davidson - MarketBeat

Wed, 24 Apr 2024
Cathay General Bancorp: In Distress Until Rates Are Cut (NASDAQ:CATY) - Seeking Alpha

Tue, 23 Apr 2024
Cathay General Bancorp (CATY) Passes Through 4% Yield Mark - Nasdaq

Mon, 22 Apr 2024
Earnings call: Cathay General Bancorp reports Q1 income dip amid loan challenges By Investing.com - Investing.com

Mon, 22 Apr 2024
Cathay General Bancorp (CATY) Q1 2024 Earnings Call Transcript - Seeking Alpha

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Neutral
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Financial Services
Industry:
Banks - Regional
Shares Out 73 (M)
Shares Float 69 (M)
Held by Insiders 5.7 (%)
Held by Institutions 76.8 (%)
Shares Short 1,910 (K)
Shares Short P.Month 2,640 (K)
Stock Financials
EPS 4.86
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 37.65
Profit Margin 45.1 %
Operating Margin 66.1 %
Return on Assets (ttm) 1.5 %
Return on Equity (ttm) 13.5 %
Qtrly Rev. Growth -4.2 %
Gross Profit (p.s.) 0
Sales Per Share 10.78
EBITDA (p.s.) 0
Qtrly Earnings Growth -15.2 %
Operating Cash Flow 385 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 7.2
PEG Ratio 1
Price to Book value 0.93
Price to Sales 3.24
Price to Cash Flow 6.62
Stock Dividends
Dividend 0.34
Forward Dividend 0
Dividend Yield 0.9%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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