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Cathay General Bancorp (CATY)
45.24  0.27 (0.6%)    07-26 16:00
Open: 45.18
High: 45.88
Volume: 260,517
  
Pre. Close: 44.97
Low: 44.785
Market Cap: 3,294(M)
Technical analysis
2024-07-26 4:43:04 PM
Short term     
Mid term     
Targets 6-month :  53.58 1-year :  62.59
Resists First :  45.88 Second :  53.58
Pivot price 41.37
Supports First :  39.75 Second :  35.97
MAs MA(5) :  43.95 MA(20) :  40.27
MA(100) :  37.49 MA(250) :  37.87
MACD MACD :  2 Signal :  1.5
%K %D K(14,3) :  92.4 D(3) :  91.5
RSI RSI(14): 79
52-week High :  45.88 Low :  32.08
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ CATY ] has closed below upper band by 14.3%. Bollinger Bands are 182.2% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 9 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 45.94 - 46.11 46.11 - 46.24
Low: 44.33 - 44.54 44.54 - 44.71
Close: 44.92 - 45.25 45.25 - 45.51
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 Jul 2024
Cathay General Bancorp (NASDAQ:CATY) Sets New 1-Year High at $45.88 - MarketBeat

Wed, 24 Jul 2024
ProShare Advisors LLC Increases Stake in Cathay General Bancorp (NASDAQ:CATY) - Defense World

Wed, 24 Jul 2024
Truist Financial Increases Cathay General Bancorp (NASDAQ:CATY) Price Target to $45.00 - MarketBeat

Wed, 24 Jul 2024
Earnings call: Cathay General Bancorp faces Q2 earnings dip - Investing.com

Tue, 23 Jul 2024
Cathay General Bancorp (CATY) Q2 2024 Earnings Call Transcript - Seeking Alpha

Tue, 23 Jul 2024
Cathay General Bancorp (NASDAQ:CATY) Given New $36.00 Price Target at Piper Sandler - Defense World

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).
Underperform
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.
Neutral
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.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Financial Services
Industry:
Banks - Regional
Shares Out 73 (M)
Shares Float 69 (M)
Held by Insiders 5.6 (%)
Held by Institutions 74.1 (%)
Shares Short 1,940 (K)
Shares Short P.Month 1,730 (K)
Stock Financials
EPS 4.51
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 38.22
Profit Margin 43.4 %
Operating Margin 58.3 %
Return on Assets (ttm) 1.4 %
Return on Equity (ttm) 12.3 %
Qtrly Rev. Growth -12.7 %
Gross Profit (p.s.) 0
Sales Per Share 10.42
EBITDA (p.s.) 0
Qtrly Earnings Growth -25.8 %
Operating Cash Flow 352 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 10
PEG Ratio 1.3
Price to Book value 1.18
Price to Sales 4.34
Price to Cash Flow 9.36
Stock Dividends
Dividend 0.34
Forward Dividend 0
Dividend Yield 0.7%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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