Cathay General Bancorp Stock Today

CATY Stock  USD 52.31  0.61  1.15%   

Performance

11 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 8

 
High
 
Low
Low
Cathay General is trading at 52.31 as of the 28th of November 2024; that is 1.15% down since the beginning of the trading day. The stock's open price was 52.92. Cathay General has only a 8 % chance of going through financial distress over the next few years and had a good performance during the last 90 days. Equity ratings for Cathay General Bancorp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain
Banks
IPO Date
17th of December 1990
Category
Financial Services
Classification
Financials
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company was founded in 1962 and is headquartered in Los Angeles, California. The company has 71.2 M outstanding shares of which 2.35 M shares are currently shorted by private and institutional investors with about 7.94 trading days to cover. More on Cathay General Bancorp

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Moving against Cathay Stock

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Cathay Stock Highlights

ESG Sustainability
Environmental
Governance
Social
ChairmanDunson Cheng
Thematic IdeaMacroaxis Picks (View all Themes)
Business ConcentrationRegional Banks, Banks - Regional, Financial Services, NASDAQ Composite, SP Small-Cap 600, Macroaxis Picks, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00960.0153
Way Down
Slightly volatile
Asset Turnover0.04170.034
Fairly Up
Pretty Stable
Gross Profit Margin0.80.9
Fairly Down
Slightly volatile
Total Current Liabilities19.2 B18.3 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total21.4 B20.3 B
Sufficiently Up
Slightly volatile
Total Assets24.2 B23.1 B
Sufficiently Up
Slightly volatile
Total Current Assets880.2 M926.5 M
Notably Down
Slightly volatile
Total Cash From Operating Activities404 M384.7 M
Sufficiently Up
Slightly volatile
Debt Levels
Cathay General can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cathay General's financial leverage. It provides some insight into what part of Cathay General's total assets is financed by creditors.
Liquidity
Cathay General Bancorp currently holds 709.72 M in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. Note, when we think about Cathay General's use of debt, we should always consider it together with its cash and equity.

Net Income

371.83 Million
Cathay General Bancorp (CATY) is traded on NASDAQ Exchange in USA. It is located in 777 North Broadway, Los Angeles, CA, United States, 90012 and employs 1,246 people. Cathay General is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.77 B. Cathay General Bancorp conducts business under Banks sector and is part of Financials industry. The entity has 71.2 M outstanding shares of which 2.35 M shares are currently shorted by private and institutional investors with about 7.94 trading days to cover. Cathay General Bancorp currently holds about 200.05 M in cash with 384.74 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.72.
Check Cathay General Probability Of Bankruptcy
Ownership Allocation
Cathay General holds a total of 71.2 Million outstanding shares. The majority of Cathay General Bancorp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Cathay General Bancorp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Cathay General. Please pay attention to any change in the institutional holdings of Cathay General Bancorp as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Cathay Ownership Details

Cathay Stock Institutional Holders

InstituionRecorded OnShares
Northern Trust Corp2024-09-30
935.7 K
Nuveen Asset Management, Llc2024-06-30
882.4 K
Bank Of New York Mellon Corp2024-06-30
857.8 K
Lsv Asset Management2024-09-30
846.4 K
Gw&k Investment Management, Llc2024-09-30
722.9 K
Norges Bank2024-06-30
693.8 K
Btim Corp2024-09-30
690.2 K
Goldman Sachs Group Inc2024-06-30
556.2 K
Glenmede Trust Co Na2024-09-30
438.4 K
Blackrock Inc2024-06-30
10.7 M
Vanguard Group Inc2024-09-30
8.1 M
View Cathay General Diagnostics

Cathay General Historical Income Statement

At this time, Cathay General's Net Income Applicable To Common Shares is fairly stable compared to the past year. Tax Provision is likely to rise to about 82.9 M in 2024, despite the fact that EBIT is likely to grow to (16 M). View More Fundamentals

Cathay Stock Against Markets

Cathay General Corporate Management

May ChanGeneral VPProfile
Thomas LoExecutive OfficerProfile
Georgia LoAssistant RelationsProfile
Weston BarkwillChief AuditorProfile

Additional Tools for Cathay Stock Analysis

When running Cathay General's price analysis, check to measure Cathay General's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cathay General is operating at the current time. Most of Cathay General's value examination focuses on studying past and present price action to predict the probability of Cathay General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cathay General's price. Additionally, you may evaluate how the addition of Cathay General to your portfolios can decrease your overall portfolio volatility.