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Is Cathay General Bancorp (CATY) Stock a good investment?

Stephens raised the price target for the Cathay General Bancorp (NASDAQ:CATY) stock to “an Equal-weight”. The rating was released on July 14, 2022, according to finviz. We previously noted in another research note published on June 21, 2021 by Truist that resumed the stock to a Hold with a price target of $41 for CATY stock. The research report from Wedbush has upgraded the stock from Neutral to Outperform, with a price target set at $49. The stock was reiterated by RBC Capital Mkts, who disclosed in a research note on October 26, 2017, to Outperform and set the price objective to $45. In their research brief published July 20, 2017, RBC Capital Mkts analysts reiterated the Cathay General Bancorp stock to Outperform with a price target of $43.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Cathay General Bancorp (NASDAQ:CATY) raised 2.10% to close Thursday’s market session at $37.47, higher as compared to yesterday’s close. The stock price fluctuated between $35.565 and $38.71 throughout the trading session with the volume trading being 739466 shares, which represented a significant variation when compared to the three months average volume of 316.45K shares. The firm’s stock price fluctuated -3.10% within the last five trades and -15.19% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -8.94% in the last 6 months and -12.10% was subtracted to its value over the previous 3 months. CATY stock is trading at a margin of -10.48%, -11.82% and -11.18% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, CATY deals in the Financial domain. The stock is trading -21.10 percent below its 52-week high and 7.09 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -21.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Cathay General Bancorp’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 84.50 percent and the profit margin is 42.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $2.73 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Cathay General Bancorp (NASDAQ:CATY) is 7.75. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.10. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.21 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.12, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.60 percent of Cathay General Bancorp shares are owned by insiders, and 70.80 percent are held by financial institutions. TANG ANTHONY M, the Vice Chairman at Cathay General Bancorp (CATY) has sold 5,000 shares of firm on Feb 07 at a price of $45.20 against the total amount of $0.23 million. In another inside trade, TANG ANTHONY M, Vice Chairman of Cathay General Bancorp (NASDAQ:CATY) sold 10,000 shares of the firm on Dec 09 for a total worth of $0.43 million at a price of $43.24. An inside trade which took place on Nov 10, Vice Chairman of Cathay General Bancorp WU PETER sold 17,095 shares of firm against total price of $0.79 million at the cost of $46.22 per share.



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