Cathay General Bancorp [CATY] stock prices are up 7.12% to $41.35 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CATY shares have gain 9.30% over the last week, with a monthly amount drifted -4.46%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cathay General Bancorp [NASDAQ: CATY] stock has seen the most recent analyst activity on December 09, 2024, when Stephens upgraded its rating to a Overweight. Previously, Piper Sandler downgraded its rating to Underweight on November 06, 2023, and kept the price target unchanged to $31. On July 14, 2022, Stephens initiated with a Equal-Weight rating and assigned a price target of $45 on the stock. Wedbush upgraded its rating to a Outperform and raised its price target to $49 on May 02, 2018. RBC Capital Mkts reiterated a Outperform rating for this stock on October 26, 2017, and upped its price target to $45. In a note dated July 20, 2017, RBC Capital Mkts reiterated an Outperform rating on this stock and boosted its target price from $35 to $43.
The stock price of Cathay General Bancorp [CATY] has been fluctuating between $33.88 and $55.29 over the past year. Currently, Wall Street analysts expect the stock to reach $60 within the next 12 months. Cathay General Bancorp [NASDAQ: CATY] shares were valued at $41.35 at the most recent close of the market. An investor can expect a potential return of 45.1% based on the average CATY price forecast.
Analyzing the CATY fundamentals
The Cathay General Bancorp [NASDAQ:CATY] reported sales of 1.40B for trailing twelve months, representing a drop of -0.24%. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.82 points at the first support level, and at 38.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.35, and for the 2nd resistance point, it is at 43.36.
Ratios To Look Out For
It’s worth pointing out that Cathay General Bancorp [NASDAQ:CATY]’s Current Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 1.03 and price to earnings (TTM) ratio is 10.45.
Transactions by insiders
Recent insider trading involved TANG ANTHONY M, Vice Chairman, that happened on Mar 07 ’25 when 2500.0 shares were sold. Vice Chairman, TANG ANTHONY M completed a deal on Dec 10 ’24 to sell 2500.0 shares. Meanwhile, Vice Chairman TANG ANTHONY M sold 2500.0 shares on Dec 09 ’24.
