Cathay General Bancorp (NASDAQ: CATY) is -9.09% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CATY stock was last observed hovering at around $43.14 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $43.28, the stock is -2.74% and -6.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing 0.32% at the moment leaves the stock -2.84% off its SMA200. CATY registered 17.19% gain for a year compared to 6-month gain of 0.46%. The firm has a 50-day simple moving average (SMA 50) of $46.0666 and a 200-day simple moving average (SMA200) of $44.5454.
The stock witnessed a -6.92% loss in the last 1 month and extending the period to 3 months gives it a -13.47%, and is -0.21% down 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 2.74% over the week and 2.64% over the month.
Cathay General Bancorp (CATY) has around 1266 employees, a market worth around $3.04B and $1.40B in sales. Current P/E ratio is 10.94 and Fwd P/E is 9.10. Profit margin for the company is 20.49%. Distance from 52-week low is 27.74% and -21.72% from its 52-week high. The company has generated returns on investments over the last 12 months (9.34%).
The EPS is expected to grow by 7.09% this year.
Cathay General Bancorp (CATY) Top Institutional Holders
334.0 institutions hold shares in Cathay General Bancorp (CATY), with institutional investors hold 82.77% of the company’s shares. The shares outstanding are 70.86M, and float is at 66.59M with Short Float at 3.21%. Institutions hold 77.92% 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 5.7725% and valued at over $158.21 million, while STATE STREET CORP holds 5.0802 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 Mar 07 ’25 at a price of $45.00 per share for a total of $0.11 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 10 ’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 10 ’24 and was made at $51.52 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 Dec 09 ’24, TANG ANTHONY M (Vice Chairman) disposed off 2,500 shares at an average price of $51.04 for $0.13 million. The insider now directly holds 193,792 shares of Cathay General Bancorp (CATY).
