The stock of Cathay General Bancorp (CATY) has seen a -1.11% decrease in the past week, with a -8.48% drop in the past month, and a 11.86% flourish in the past quarter. The volatility ratio for the week is 2.64%, and the volatility levels for the past 30 days are at 2.66% for CATY. The simple moving average for the past 20 days is -2.98% for CATY’s stock, with a 11.63% simple moving average for the past 200 days.
Is It Worth Investing in Cathay General Bancorp (NASDAQ: CATY) Right Now?
Cathay General Bancorp (NASDAQ: CATY) has a higher price-to-earnings ratio of 11.87x compared to its average ratio. CATY has 36-month beta value of 1.12. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for CATY is 67.46M, and currently, short sellers hold a 3.70% ratio of that float. The average trading volume of CATY on January 09, 2025 was 314.22K shares.
CATY) stock’s latest price update
Cathay General Bancorp (NASDAQ: CATY) has seen a rise in its stock price by 0.19 in relation to its previous close of 46.99. However, the company has experienced a -1.11% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-11-15 that LOS ANGELES–(BUSINESS WIRE)–Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on December 9, 2024, to stockholders of record at the close of business on November 27, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (Nasdaq: CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp’s website is at www.cathaygeneralbancorp.
Analysts’ Opinion of CATY
Piper Sandler, on the other hand, stated in their research note that they expect to see CATY reach a price target of $31. The rating they have provided for CATY stocks is “Underweight” according to the report published on November 06th, 2023.
Stephens gave a rating of “Equal-Weight” to CATY, setting the target price at $45 in the report published on July 14th of the previous year.
CATY Trading at -5.30% from the 50-Day Moving Average
After a stumble in the market that brought CATY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.85% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 2.64%, as shares sank -7.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.02% upper at present.
During the last 5 trading sessions, CATY fell by -1.11%, which changed the moving average for the period of 200-days by +27.17% in comparison to the 20-day moving average, which settled at $48.53. In addition, Cathay General Bancorp saw -1.11% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CATY starting from TANG ANTHONY M, who sale 2,500 shares at the price of $51.52 back on Dec 10 ’24. After this action, TANG ANTHONY M now owns 191,292 shares of Cathay General Bancorp, valued at $128,788 using the latest closing price.
TANG ANTHONY M, the Vice Chairman of Cathay General Bancorp, sale 2,500 shares at $51.04 during a trade that took place back on Dec 09 ’24, which means that TANG ANTHONY M is holding 193,792 shares at $127,602 based on the most recent closing price.
Stock Fundamentals for CATY
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 0.87 for the gross margin
The net margin for Cathay General Bancorp stands at 0.23. The total capital return value is set at 0.02. Equity return is now at value 10.54, with 1.25 for asset returns.
Based on Cathay General Bancorp (CATY), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 1.56. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 0.81.
When we switch over and look at the enterprise to sales, we see a ratio of 2.77. The receivables turnover for the company is 12.89for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.
Conclusion
To put it simply, Cathay General Bancorp (CATY) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
