For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Cathay General Bancorp (NASDAQ: CATY) closed at $34.76 down -0.80% from its previous closing price of $35.04. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 0.63 million shares were traded. CATY stock price reached its highest trading level at $35.335 during the session, while it also had its lowest trading level at $34.74.
Ratios:
For a deeper understanding of Cathay General Bancorp’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
On July 14, 2022, Stephens started tracking the stock assigning a Equal-Weight rating and target price of $45.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.
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 2546993664 and an Enterprise Value of 2797375488. As of this moment, Cathay’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.68, and their Forward P/E ratio for the next fiscal year is 8.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 3.687.
Stock Price History:
The Beta on a monthly basis for CATY is 1.12, which has changed by 0.18837607 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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 -7.72%, while the 200-Day Moving Average is calculated to be -8.07%.
Shares Statistics:
For the past three months, CATY has traded an average of 386.79K shares per day and 445260 over the past ten days. A total of 72.67M shares are outstanding, with a floating share count of 68.81M. Insiders hold about 5.31% of the company’s shares, while institutions hold 75.15% stake in the company. Shares short for CATY as of 1713139200 were 2033935 with a Short Ratio of 5.26, compared to 1710460800 on 2557181. Therefore, it implies a Short% of Shares Outstanding of 2033935 and a Short% of Float of 4.03.
Dividends & Splits
According to the company, the forward annual dividend rate for CATY is 1.36, from 1.36 in the trailing year. Against a Trailing Annual Dividend Yield of 0.038812786The stock’s 5-year Average Dividend Yield is 3.62. The current Payout Ratio is 27.98% for CATY, which recently paid a dividend on 2024-02-27 with an ex-dividend date of 1708992000. Stock splits for the company last occurred on 2004-09-29 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 6.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.94 for the current quarter, with a high estimate of $1.04 and a low estimate of $0.84, while EPS last year was $1.28. The consensus estimate for the next quarter is $0.94, with high estimates of $1.07 and low estimates of $0.85.
Analysts are recommending an EPS of between $4.13 and $3.55 for the fiscal current year, implying an average EPS of $3.83. EPS for the following year is $4.15, with 6.0 analysts recommending between $4.49 and $3.9.
Revenue Estimates
For the next quarter, 6 analysts are estimating revenue of $182.89M. There is a high estimate of $188.32M for the next quarter, whereas the lowest estimate is $180.3M.
A total of 5 analysts have provided revenue estimates for CATY’s current fiscal year. The highest revenue estimate was $737.68M, while the lowest revenue estimate was $723.2M, resulting in an average revenue estimate of $730.07M. In the same quarter a year ago, actual revenue was $810.04MBased on 6 analysts’ estimates, the company’s revenue will be $782.64M in the next fiscal year. The high estimate is $826.27M and the low estimate is $764.6M.
