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Is this Large Market Cap Stock target price reasonable for Cathay General Bancorp (NASDAQ:CATY)?

The company in question is, Cathay General Bancorp (NASDAQ:CATY) currently with a stock price of 30.35 (0.56% today). The market cap for Cathay General Bancorp is 2377.88, and is in the sector Financial, and Regional – Pacific Banks industry. The target price for Cathay General Bancorp is 33.08. Currently Cathay General Bancorp is trading with a P/E of 15.2, and a forward P/E of 13.09. Average volume for Cathay General Bancorp is 359.22 and so far today it is 97275.

Performance in the last year for Cathay General Bancorp has been 5.25%. For EPS growth, Cathay General Bancorp has seen a growth of 15.20%, and is looking to grow in the next year to 5.44%. More long term stats show that EPS growth has been 102.00% over the last five years and could be 8.00% for the next five years. Cathay General Bancorp has seen sales growth quarter over quarter at 8.50%, with EPS growth quarter over quarter at -21.90%. The 20-day simple moving average is -1.48%, with the 200-day simple moving average coming to 4.38%.

Since the IPO date for Cathay General Bancorp on the 12/17/1990, Cathay General Bancorp has seen performance year to date to be -1.88%. With Cathay General Bancorp trading at 30.35, the dividend yield is 2.39%, and the EPS is 1.99.

So could Cathay General Bancorp, be undervalued? Well as said before P/E is 15.2. The PEG is 1.9, P/S is 4.95 and the P/B is at 1.35. The P/cash is 2.49, with P/free cash flow at 19.29.

Cathay General Bancorp ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.16, and total debt/equity at 0.16.

In terms of margins, Cathay General Bancorp has a gross margin of *TBA, an operating margin of 87.60% and a profit margin of 33.50%.Payout ratio for Cathay General Bancorp is 33.90%. Return on assets come to 1.20% with return on investment coming to 14.80%.

Insider ownership for Cathay General Bancorp, is at 7.28% and institutional ownership comes to 68.80%. Outstanding shares are at 78.79. While shares float is 73.42. The float short is currently 3.88%, and short ratio is 7.93.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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