Home Sectors Financial Services Present Movement: Cathay General Bancorp (NASDAQ: CATY)

Present Movement: Cathay General Bancorp (NASDAQ: CATY)


Cathay General Bancorp is in the financial services sector and is part of the banking industry. Cathay General Bancorp is a holding company for Cathay Bank, which offers various financial services for individuals, professionals, and small to medium-sized businesses in California. It provides loans, savings, time deposits, and others.

Previous Intraday Trading Performance:

The CATY stock showed a previous change of 1.76% with an open at 37.72 and a close of 38.21. It reached an intraday high of 38.24 and a low of 37.50.

PR Newswire:  Cathay General Bancorp ranked Top 10 on Forbes’ “America’s Best Banks 2019” List


The stock has a market cap of $3.1b with 80.5m shares outstanding, of which the float is 79.7m shares. Trading volume reached 551,541 shares compared to its average volume of 475,202 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Cathay General Bancorp shares returned 0.82% and in the past 30 trading days it returned 14.26%. Over three months, it changed 0.65%. In one year it has changed -6.16% and within that year its 52-week high was 44.05 and its 52-week low was 31.94. CATY stock is 19.64% above its 52 Week Low.

Our calculations show a 200 day moving average of 39.62 and a 50 day moving average of 36.23. Currently CATY stock is trading -3.56% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

PR Newswire:  Cathay General Bancorp ranked Top 10 on Forbes’ “America’s Best Banks 2019” List


The last annual fiscal EPS for the company was reported at 3.35 that ended on 31st of December 2018, which according to the previous close, that is a PE of 11.47. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.80. The TTM EPS is 3.35, which comes to a TTM PE of 11.41. Historically, the PE high was 21.00 and the PE low was 11.41. CATY stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
12-31-2018:  0.80
09-30-2018:  0.85
06-30-2018:  0.92
03-31-2018:  0.78

The dividend per share is currently 1.24, which is a dividend yield of 3.25%. Also, the payout ratio is 37.01%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 32.89, which means it may be overvalued by -16.16%

Indicators to Watch:

Based on the latest filings, there is 0.90% of insider ownership and 115.30% of institutional ownership. Short-interest is 0, which is 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.00.

The current calculated beta is 1.27

SeekingAlpha:  NUVA and NGL among premarket gainers

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 13.29%, return on assets is 1.68%, profit margin is 37.82%, price-to-sales is 4.20 and price-to-book is 1.42.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 4  :Past Performance Score
 6  :Financial Strength Score
 1  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.