Cathay General Bancorp trades as part of the banking industry and financial services sector. The company CEO is Pin Tai. 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 -2.05% with an open at 36.12 and a close of 35.43. It reached an intraday high of 36.29 and a low of 35.36.
The stock has a market cap of $2.8b with 80.4m shares outstanding, of which the float is 79.6m shares. Trading volume reached 219,136 shares compared to its average volume of 536,312 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 1.81% and in the past 30 trading days it returned -6.76%. Over three months, it changed 0.07%. In one year it has changed -8.28% and within that year its 52-week high was 44.05 and its 52-week low was 31.94. CATY stock is 10.93% above its 52 Week Low.
Our calculations show a 200 day moving average of 38.29 and a 50 day moving average of 36.53. Currently CATY stock is trading -7.46% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.
The last annual fiscal EPS for the company was reported at 3.33 that ended on 31st of December 2018, which according to the previous close, that is a PE of 10.64. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.81. The TTM EPS is 3.35, which comes to a TTM PE of 10.58. Historically, the PE high was 21.00 and the PE low was 10.58. CATY stock has set a new PE low record!
The dividend per share is currently 1.24, which is a dividend yield of 3.50%. 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 58.79, which means it is possibly undervalued and has a margin of safety of 39.73%
Indicators to Watch:
Based on the latest filings, there is 1.00% of insider ownership and 122.30% 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 1.25
SeekingAlpha: Bank of Hawaii misses by $0.05, misses on revenue
Based on last reported financials, the company’s return on equity is 13.28%, return on assets is 1.68%, profit margin is 37.48%, price-to-sales is 5.24 and price-to-book is 1.37.
All scores are out of six:
3 :Valuation Score
4 :Past Performance Score
6 :Financial Strength Score
1 :Future Growth Score
4 :Dividend Score
3 :Overall Score