Cathay General Bancorp (CATY): CATY moving down?


Cathay General Bancorp (NASDAQ:CATY) changes shares on Monday trading session, with a change of -0.30% or -$0.08 shares. The trading starts at $26.51 and closed at $26.96 throughout the day. The trading session low price was $26.18 and day high was $27.10 on Monday, June 22. After the session, the Financial sector daily volume shifted to 0.28 million while its average volume is 482.76K. In other hand, the CATY market cap reached to $2.15B. While, its current target price is $26.88 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.86% and up 6.41% for month. Its quarterly performance was 43.90% above, while its half year performance is down -30.34%. CATY yearly performance stood at negative -22.11% and fall -29.36% for year-to-date. Current recommendation for Cathay General Bancorp is 2.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CATY EPS (TTM) for 12-month is 3.24. EPS for this year is 4.40%, while for the next year its value is 2.69. Sales growth for the current quarter is 1.04 while its EPS Q/Q reached -29.00%. It has an EPS of 15.10% up for past five years and for the next five years will be up 8.00%.

Let’s take a look on the analyst recommendations on CATY for the current month and previous month. For the current month, 1 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 5 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $23.00-$36.00. Average target price for CATY was reached at $28.17.

Blackrock Inc., Vanguard Group, Inc. (The) and Principal Financial Group, Inc. are the top three holders in Cathay General Bancorp (CATY) stock. On Mar 30, 2020, Blackrock Inc. has 10.34 million shares which valued 237.19 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 7.68 million shares which valued at 176.19 million. On Mar 30, 2020, Principal Financial Group, Inc. has a total of 3.37 million shares which valued at 77.25 million. In the end, Principal Financial Group, Inc. have 4.23% shares outstanding of Cathay General Bancorp (CATY) on Mar 30, 2020. The insider ownership moved to 1.10% and institutional holding shifted to 73.40%.

The company posted an EPS (TTM) of 3.24. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of 0.59, while 0.9 EPS posted a year ago period. Analyst Estimated EPS for CATY published in the report was 0.49-0.72 during the same period. Comparing with last year, the average estimated EPS was 0.9 which is higher than 0.59 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CATY fall -15.72% for period of 200 days. SMA for 50 days was 4.12% which is showing green signal, while SMA-20 was -2.73%. The moving average value for Cathay General Bancorp (CATY) is 30.04 and 26.38 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CATY stock. On Jun 09, BINGHAM KIM R, EVP, Chief Risk Officer, sold 4,986 trading shares at the cost of $30.52, which valued at 0.15 million. On Jun 05, WONG IRWIN, SEVP, Chief Admin Officer, sold 8,080 shares at the cost of $30.37, with total shares of 50,699. On Feb 04, Kim Lisa L., EVP, General Counsel, sold 1,360 shares at the cost of 37.04. After this transaction, Kim Lisa L. total shares reached to 428 which valued at 50373.0.