Cathay General Bancorp (NASDAQ: CATY) is 1.51% higher on its value in year-to-date trading and has touched a low of $33.88 and a high of $55.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CATY stock was last observed hovering at around $47.94 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $48.33, the stock is 1.79% and -3.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 0.81% at the moment leaves the stock 13.78% off its SMA200. CATY registered 16.57% gain for a year compared to 6-month gain of 13.21%. The firm has a 50-day simple moving average (SMA 50) of $49.8566 and a 200-day simple moving average (SMA200) of $42.47485.
The stock witnessed a -5.35% loss in the last 1 month and extending the period to 3 months gives it a 5.62%, and is 6.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.61% over the week and 2.77% over the month.
Cathay General Bancorp (CATY) has around 1246 employees, a market worth around $3.44B and $1.39B in sales. Current P/E ratio is 12.19 and Fwd P/E is 11.57. Profit margin for the company is 20.67%. Distance from 52-week low is 42.65% and -12.59% from its 52-week high. The company has generated returns on investments over the last 12 months (9.61%).
with sales reaching $184.31M over the same period.The EPS is expected to shrink by -19.07% this year, but quarterly earnings will post -9.46% year-over-year. Quarterly sales are estimated to shrink -10.20% in year-over-year returns.
Cathay General Bancorp (CATY) Top Institutional Holders
336.0 institutions hold shares in Cathay General Bancorp (CATY), with institutional investors hold 80.64% of the company’s shares. The shares outstanding are 71.36M, and float is at 67.46M with Short Float at 3.53%. Institutions hold 75.98% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.69 million shares valued at $403.39 million. The investor’s holdings represent 14.7154% of the CATY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.17 million shares valued at $308.28 million to account for 11.2458 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 4.19 million shares representing 5.7713% and valued at over $158.21 million, while STATE STREET CORP holds 5.0792 of the shares totaling 3.69 million with a market value of $139.23 million.
Cathay General Bancorp (CATY) Insider Activity
The most recent transaction is an insider sale by TANG ANTHONY M, the company’s Vice Chairman. SEC filings show that TANG ANTHONY M sold 2,500 shares of the company’s common stock on Dec 10 ’24 at a price of $51.52 per share for a total of $0.13 million. Following the sale, the insider now owns 0.19 million shares.
Cathay General Bancorp disclosed in a document filed with the SEC on Dec 09 ’24 that TANG ANTHONY M (Vice Chairman) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Dec 09 ’24 and was made at $51.04 per share for $0.13 million. Following the transaction, the insider now directly holds 0.19 million shares of the CATY stock.
Still, SEC filings show that on Nov 06 ’24, TANG ANTHONY M (Vice Chairman) disposed off 3,000 shares at an average price of $52.27 for $0.16 million. The insider now directly holds 196,292 shares of Cathay General Bancorp (CATY).
