While Cathay General Bancorp has overperformed by 0.81%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CATY rose by 16.57%, with highs and lows ranging from $55.29 to $33.88, whereas the simple moving average jumped by 13.78% in the last 200 days.
On December 09, 2024, Stephens Upgraded Cathay General Bancorp (NASDAQ: CATY) to Overweight. A report published by Piper Sandler on November 06, 2023, Downgraded its rating to ‘Underweight’ for CATY. Stephens also rated CATY shares as ‘Equal-Weight’, setting a target price of $45 on the company’s shares in an initiating report dated July 14, 2022. Truist Initiated an Hold rating on June 21, 2021, and assigned a price target of $41. Wedbush May 02, 2018d its ‘Neutral’ rating to ‘Outperform’ for CATY, as published in its report on May 02, 2018. RBC Capital Mkts’s report from October 26, 2017 suggests a price prediction of $45 for CATY shares, giving the stock a ‘Outperform’ rating. RBC Capital Mkts also rated the stock as ‘Outperform’.
Analysis of Cathay General Bancorp (CATY)
With CATY’s current dividend of $1.36 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 7.30%, showing a positive trend in the upcoming months.
Cathay General Bancorp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 10.54% is sufficient for you to turn a profit off your investment.
The average volume for any stock is also a very valuable indicator of volatility, and CATY has an average volume of 327.34K. On a monthly basis, the volatility of the stock is set at 2.77%, whereas on a weekly basis, it is put at 2.61%, with a gain of 6.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $53.60, showing growth from the present price of $48.33, which can serve as yet another indication of whether CATY is worth investing in or should be passed over.
How Do You Analyze Cathay General Bancorp Shares?
Banks – Regional giant Cathay General Bancorp (CATY) is based in the USA and is one of the largest companies in the market. When comparing Cathay General Bancorp shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.19, there is a growth in quarterly earnings of -17.06%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.25%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 74.14% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CATY shares are owned by institutional investors to the tune of 74.14% at present.
