Cathay General Bancorp's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 24 out of 401 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 54.80.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Cathay General Bancorp is 9.69, ranking 5 out of 401 in the Banking Services industry. Its financial status is robust, and its operating efficiency is high. Its latest quarterly revenue reached 201.16M, representing a year-over-year increase of 13.83%, while its net profit experienced a year-over-year increase of 12.86%.
Key Metrics
The current valuation score of Cathay General Bancorp is 7.02, ranking 295 out of 401 in the Banking Services industry. Its current P/E ratio is 10.89, which is 24.28% below the recent high of 13.53 and 50.28% above the recent low of 5.41.
The current earnings forecast score of Cathay General Bancorp is 6.40, ranking 264 out of 401 in the Banking Services industry. The average price target is 52.00, with a high of 55.00 and a low of 42.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Cathay General Bancorp is 8.99, ranking 59 out of 401 in the Banking Services industry. Currently, the stock price is trading between the resistance level at 52.15 and the support level at 46.40, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of Cathay General Bancorp is 7.00, ranking 56 out of 401 in the Banking Services industry. The latest institutional shareholding proportion is 80.47%, representing a quarter-over-quarter decrease of 0.43%. The largest institutional shareholder is The Vanguard, holding a total of 7.51M shares, representing 11.21% of shares outstanding, with 0.45% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Banking Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Cathay General Bancorp is 8.34, ranking 102 out of 401 in the Banking Services industry. The company's beta value is 0.82. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. Cathay General Bancorp’s latest ESG disclosure leads the Banking Services industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
