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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 1,219 staff and has a trailing 12-month revenue of around USD$530.3 million.
|Latest market close||USD$32.19|
|52-week range||USD$16.9944 - USD$36.7666|
|50-day moving average||USD$29.7049|
|200-day moving average||USD$25.7214|
|Wall St. target price||USD$32|
|Dividend yield||USD$1.24 (3.94%)|
|Earnings per share (TTM)||USD$2.82|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-01-15)||-12.03%|
|1 month (2020-12-23)||2.06%|
|3 months (2020-10-22)||32.03%|
|6 months (2020-07-22)||27.99%|
|1 year (2020-01-22)||-13.47%|
|2 years (2019-01-22)||-13.37%|
|3 years (2018-01-22)||45.12|
|5 years (2016-01-22)||22.26%|
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 11x. In other words, Cathay General Bancorp shares trade at around 11x 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||USD$530.3 million|
|Operating margin TTM||59.12%|
|Gross profit TTM||USD$620.9 million|
|Return on assets TTM||1.22%|
|Return on equity TTM||9.75%|
|Market capitalisation||USD$2.5 billion|
TTM: trailing 12 months
There are currently 1.3 million Cathay General Bancorp shares held short by investors – that's known as Cathay General Bancorp's "short interest". This figure is 0.6% up from 1.3 million last month.
There are a few different ways that this level of interest in shorting Cathay General Bancorp shares can be evaluated.
Cathay General Bancorp's "short interest ratio" (SIR) is the quantity of Cathay General Bancorp shares currently shorted divided by the average quantity of Cathay General Bancorp shares traded daily (recently around 332513.33333333). Cathay General Bancorp's SIR currently stands at 4.05. In other words for every 100,000 Cathay General Bancorp shares traded daily on the market, roughly 4050 shares are currently held short.
However Cathay General Bancorp's short interest can also be evaluated against the total number of Cathay General Bancorp shares, or, against the total number of tradable Cathay General Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cathay General Bancorp's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Cathay General Bancorp shares in existence, roughly 20 shares are currently held short) or 0.0252% of the tradable shares (for every 100,000 tradable Cathay General Bancorp shares, roughly 25 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cathay General Bancorp.
Find out more about how you can short Cathay General Bancorp stock.
Dividend payout ratio: 43.97% of net profits
Recently Cathay General Bancorp has paid out, on average, around 43.97% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.94% 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 3.94% return on their shares, in the form of dividend payments. In Cathay General Bancorp's case, that would currently equate to about $1.24 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 11 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 30 November 2020 (the "ex-dividend date").
Cathay General Bancorp's shares were split on a 2:1 basis on 29 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 $16.9944 up to $36.7666. 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 1.5213. This would suggest that Cathay General Bancorp's shares are more volatile than the average for this exchange and represent, relatively-speaking, a 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 automobile, 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, and other customary bank services, as well as securities and insurance products. As of October 26, 2020, it operated 38 branches in California; 10 branches in New York; 3 branches in Illinois; 4 branches in Washington; 2 branches in Texas; and 1 each branch in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong, as well as 1 representative office in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.
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