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CATY
Stock ticker:
NASDAQ
AS OF
Aug 5 closing price
Price
$42.06
Change
+$0.60 (+1.45%)
Capitalization
3.13B

CATY Price Prediction, Cathay General Bancorp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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a Summary for AAPL with price predictions
12:00 AM EDT Aug 05, 2022

CATY in upward trend: 10-day moving average moved above 50-day moving average on July 20, 2022

The 10-day moving average for CATY crossed bullishly above the 50-day moving average on July 20, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 73%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 19, 2022. You may want to consider a long position or call options on CATY as a result. In of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CATY just turned positive on July 18, 2022. Looking at past instances where CATY's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

CATY moved above its 50-day moving average on July 19, 2022 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CATY advanced for three days, in of 286 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 244 cases where CATY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CATY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CATY broke above its upper Bollinger Band on July 19, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CATY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock slightly better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.287) is normal, around the industry mean (2.416). P/E Ratio (10.309) is within average values for comparable stocks, (29.468). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.830). Dividend Yield (0.032) settles around the average of (0.037) among similar stocks. P/S Ratio (4.537) is also within normal values, averaging (3.155).

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published price charts
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published Earnings

CATY is expected to report earnings to rise 4.24% to $1.23 per share on October 24

Cathay General Bancorp CATY Stock Earnings Reports
Q3'22
Est.
$1.23
Q2'22
Beat
by $0.01
Q1'22
Beat
by $0.08
Q4'21
Beat
by $0.06
Q3'21
Beat
by $0.02
The last earnings report on July 25 showed earnings per share of $1.18, beating the estimate of $1.17. With 202.86K shares outstanding, the current market capitalization sits at 3.13B.
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published Dividends

CATY paid dividends on June 06, 2022

Cathay General Bancorp CATY Stock Dividends
А dividend of $0.34 per share was paid with a record date of June 06, 2022, and an ex-dividend date of May 26, 2022. Read more...
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published Highlights

Notable companies

The most notable companies in this group are US Bancorp (NYSE:USB), PNC Financial Services Group (NYSE:PNC), Itau Unibanco Holding SA (NYSE:ITUB), Banco Bradesco SA (NYSE:BBD), Regions Financial Corp (NYSE:RF), Huntington Bancshares (NASDAQ:HBAN), Deutsche Bank Aktiengesellschaft (NYSE:DB), KeyCorp (NYSE:KEY), Veritex Holdings (NASDAQ:VBTX).

Industry description

Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.

Market Cap

The average market capitalization across the Regional Banks Industry is 4.87B. The market cap for tickers in the group ranges from 10.73K to 128.69B. CIHKY holds the highest valuation in this group at 128.69B. The lowest valued company is ACBCQ at 10.73K.

High and low price notable news

The average weekly price growth across all stocks in the Regional Banks Industry was 1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -6%. GPFOF experienced the highest price growth at 40%, while ABTO experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Regional Banks Industry was -22%. For the same stocks of the Industry, the average monthly volume growth was -23% and the average quarterly volume growth was -8%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 51
Price Growth Rating: 55
SMR Rating: 47
Profit Risk Rating: 75
Seasonality Score: -6 (-100 ... +100)
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CATY
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
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published General Information

General Information

a regional bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Regional Banks
Address
777 North Broadway
Phone
+1 213 625-4700
Employees
1156
Web
https://www.cathaybank.com

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CATY and

Correlation & Price change

A.I.dvisor indicates that over the last year, CATY has been closely correlated with WTFC. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if CATY jumps, then WTFC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CATY
1D Price
Change %
CATY100%
+1.45%
WTFC - CATY
87%
Closely correlated
+2.25%
HWC - CATY
87%
Closely correlated
+0.71%
ASB - CATY
87%
Closely correlated
+2.06%
SNV - CATY
86%
Closely correlated
+1.96%
PPBI - CATY
85%
Closely correlated
+0.36%
More