After finishing at $39.56 in the prior trading day, Cathay General Bancorp (NASDAQ: CATY) closed at $37.90, down -4.20%. In other words, the price has decreased by -$1.66 from its previous closing price. On the day, 503114 shares were traded.
Ratios:
Our goal is to gain a better understanding of CATY by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.26.
On July 14, 2022, Stephens started tracking the stock assigning a Equal-Weight rating and target price of $45.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 29 ’24 when TANG ANTHONY M sold 7,000 shares for $43.45 per share. The transaction valued at 304,151 led to the insider holds 204,500 shares of the business.
BINGHAM KIM R sold 6,000 shares of CATY for $224,543 on Nov 03 ’23. The EVP, Chief Risk Officer now owns 41,849 shares after completing the transaction at $37.42 per share. On Apr 25 ’23, another insider, Sun Richard, who serves as the Director of the company, bought 6,100 shares for $35.00 each. As a result, the insider paid 213,500 and bolstered with 17,315 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CATY now has a Market Capitalization of 2.75B. As of this moment, Cathay’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.80, and their Forward P/E ratio for the next fiscal year is 8.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10 while its Price-to-Book (P/B) ratio in mrq is 1.01.
Stock Price History:
Over the past 52 weeks, CATY has reached a high of $45.72, while it has fallen to a 52-week low of $27.24. The 50-Day Moving Average of the stock is 40.94, while the 200-Day Moving Average is calculated to be 37.27.
Shares Statistics:
The stock has traded on average 304.35K shares per day over the past 3-months and 282.29k shares per day over the last 10 days, according to various share statistics. A total of 72.67M shares are outstanding, with a floating share count of 68.93M. Insiders hold about 5.15% of the company’s shares, while institutions hold 75.74% stake in the company. Shares short for CATY as of Feb 29, 2024 were 2.64M with a Short Ratio of 8.67, compared to 2.53M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.63% and a Short% of Float of 4.96%.
Dividends & Splits
In the trailing 12 months, CATY’s forward annual dividend rate was 1.36, compared to 1.36 this year. Against a Trailing Annual Dividend Yield of 3.44%, it implies a Forward Annual Dividend Yield of 3.59%. The stock’s 5-year Average Dividend Yield is 3.61. The current Payout Ratio is 27.98% for CATY, which recently paid a dividend on Mar 11, 2024 with an ex-dividend date of Feb 27, 2024. Stock splits for the company last occurred on Sep 29, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of $0.99 for the current quarter, with a high estimate of $1.1 and a low estimate of $0.87, while EPS last year was $1.32. The consensus estimate for the next quarter is $1, with high estimates of $1.08 and low estimates of $0.89.
Analysts are recommending an EPS of between $4.35 and $3.65 for the fiscal current year, implying an average EPS of $4.05. EPS for the following year is $4.38, with 6 analysts recommending between $4.85 and $3.98.
Revenue Estimates
6 analysts predict $188.21M in revenue for the current quarter. It ranges from a high estimate of $191.2M to a low estimate of $183.33M. As of the current estimate, Cathay General Bancorp’s year-ago sales were $207.47M, an estimated decrease of -9.30% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for CATY’s current fiscal year. The highest revenue estimate was $778M, while the lowest revenue estimate was $735.17M, resulting in an average revenue estimate of $762.11M. In the same quarter a year ago, actual revenue was $810.04M, down -5.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $804.57M in the next fiscal year. The high estimate is $834.04M and the low estimate is $777.81M. The average revenue growth estimate for next year is up 5.60% from the average revenue estimate for this year.
