Cathay General Bancorp

Company Profile

Cathay General Bancorp had its IPO on 1990-12-17 under the ticker symbol CATY.

The company operates in the Financial Services sector and Banks-Regional industry. Cathay General Bancorp has a staff strength of 1,178 employees.

Stock update

Shares of Cathay General Bancorp opened at $36.74 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $36.28 - $37.17, and closed at $36.32.

This is a -0.95% slip from the previous day's closing price.

A total volume of 276,713 shares were traded at the close of the day’s session.

In the last one week, shares of Cathay General Bancorp have slipped by -0.98%.

Cathay General Bancorp's Key Ratios

Cathay General Bancorp has a market cap of $2.26 billion, indicating a price to book ratio of 1.2699 and a price to sales ratio of 4.1224.

In the last 12-months Cathay General Bancorp’s revenue was $803.77 million with a gross profit of $775.97 million and an EBITDA of $0. The EBITDA ratio measures Cathay General Bancorp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Cathay General Bancorp’s operating margin was 68.53% while its return on assets stood at 1.78% with a return of equity of 15.37%.

In Q1, Cathay General Bancorp’s quarterly earnings growth was a positive 33.3% while revenue growth was a positive 16.3%.

Cathay General Bancorp’s PE and PEG Ratio

Forward PE

0

Trailing PE

6.0291

PEG

2.08

Its diluted EPS in the last 12-months stands at $5.16 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 2.08. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Cathay General Bancorp’s profitability.

Cathay General Bancorp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 4.1224.

Cathay General Bancorp stock pays annual dividends of $1.36 per share, indicating a yield of 4.37% and a payout ratio of 26.25%.

Balance sheet and cash flow metrics

Total Assets

$22.03 billion

Total Liabilities

$18.66 billion

Operating Cash Flow

$-128434000.00

Capital Expenditure

$295000

Dividend Payout Ratio

26.25%

Cathay General Bancorp ended 2024 with $22.03 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $22.03 billion while shareholder equity stood at $2.54 billion.

Cathay General Bancorp ended 2024 with $0 in deferred long-term liabilities, $18.66 billion in other current liabilities, 911000.00 in common stock, $2.32 billion in retained earnings and $375.70 million in goodwill. Its cash balance stood at $252.05 million and cash and short-term investments were $2.67 billion. The company’s total short-term debt was $6,547,000 while long-term debt stood at $501.62 million.

Cathay General Bancorp’s total current assets stands at $2.76 billion while long-term investments were $2.77 billion and short-term investments were $2.42 billion. Its net receivables were $82.42 million compared to accounts payable of $0 and inventory worth $0.

In 2024, Cathay General Bancorp's operating cash flow was $-128434000.00 while its capital expenditure stood at $295000.

Comparatively, Cathay General Bancorp paid $0.26 in dividends in 2024.

Other key metrics

Current Trading Price

$36.32

52-Week High

$46.0723

52-Week Low

$26.9387

Analyst Target Price

$37.33

Cathay General Bancorp stock is currently trading at $36.32 per share. It touched a 52-week high of $46.0723 and a 52-week low of $46.0723. Analysts tracking the stock have a 12-month average target price of $37.33.

Its 50-day moving average was $35.5 and 200-day moving average was $36.38 The short ratio stood at 4.96 indicating a short percent outstanding of 0%.

Around 512.4% of the company’s stock are held by insiders while 7242.6% are held by institutions.