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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 РPacific 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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