Cathay General Bancorp is a banks-regional business based in the US. Cathay General Bancorp shares (CATY) are listed on the NASDAQ and all prices are listed in US Dollars. Cathay General Bancorp employs 1,156 staff and has a trailing 12-month revenue of around $735.2 million.
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| Latest market close | $42.89 |
|---|---|
| 52-week range | $36.59 - $47.38 |
| 50-day moving average | $43.09 |
| 200-day moving average | $41.88 |
| Wall St. target price | $47.67 |
| PE ratio | 9.4756 |
| Dividend yield | $1.36 (3.19%) |
| Earnings per share (TTM) | $4.50 |
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Historical closes compared with the close of $42.89 from 2023-01-25
| 1 week (2023-01-19) | 2.71% |
|---|---|
| 1 month (2022-12-23) | 4.33% |
| 3 months (2022-10-25) | -3.23% |
| 6 months (2022-07-25) | 3.32% |
| 1 year (2022-01-26) | -2.63% |
|---|---|
| 2 years (2021-01-26) | 18.58% |
| 3 years (2020-01-24) | 16.49% |
| 5 years (2018-01-26) | 44.59 |
Valuing Cathay General Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cathay General Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Cathay General Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Cathay General Bancorp shares trade at around 9x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Cathay General Bancorp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.08. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cathay General Bancorp's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
| Revenue TTM | $735.2 million |
|---|---|
| Operating margin TTM | 66.94% |
| Gross profit TTM | $668.4 million |
| Return on assets TTM | 1.62% |
| Return on equity TTM | 13.86% |
| Profit margin | 46.02% |
| Book value | $32.96 |
| Market capitalisation | $3.2 billion |
TTM: trailing 12 months
Dividend payout ratio: 30.16% of net profits
Recently Cathay General Bancorp has paid out, on average, around 30.16% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.19% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Cathay General Bancorp shareholders could enjoy a 3.19% return on their shares, in the form of dividend payments. In Cathay General Bancorp's case, that would currently equate to about $1.36 per share.
While Cathay General Bancorp's payout ratio might seem fairly standard, it's worth remembering that Cathay General Bancorp may be investing much of the rest of its net profits in future growth.
Cathay General Bancorp's most recent dividend payout was on 8 December 2022. The latest dividend was paid out to all shareholders who bought their shares by 27 November 2022 (the "ex-dividend date").
Cathay General Bancorp's shares were split on a 2:1 basis on 28 September 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Cathay General Bancorp shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Cathay General Bancorp shares which in turn could have impacted Cathay General Bancorp's share price.
Over the last 12 months, Cathay General Bancorp's shares have ranged in value from as little as $36.5883 up to $47.3762. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cathay General Bancorp's is 1.173. This would suggest that Cathay General Bancorp's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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. .
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