CATY Stock Intrinsic Value – Victory Capital Management Sells Shares of Cathay General Bancorp at Defense World
August 14, 2023
☀️Trending News
Victory Capital Management Inc. has recently announced that it has sold shares of Cathay General Bancorp ($NASDAQ:CATY) at Defense World. Cathay General Bancorp is a publicly traded Chinese-American holding company that provides a wide range of banking and financial services primarily in the United States. It offers a range of deposit services, cash management services, loan services, international banking services, and investment and financial advisory services for individuals, businesses, and nonprofit organizations. It also provides consumer banking services, including checking accounts, savings accounts, certificates of deposit, and debit cards, as well as credit cards.
Share Price
The stock opened at $38.3 and closed at $38.7, slightly higher compared to the prior closing price of $38.3. This marks a successful day in the stock market for Cathay General Bancorp, giving investors a modest return for their investment. It remains to be seen if the stock will continue to rise as Victory Capital Management Inc. continues to divest from the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CATY. More…
| Total Revenues | Net Income | Net Margin |
| – | 385.86 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CATY. More…
| Operations | Investing | Financing |
| 467.39 | -1.85k | 94.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CATY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.03k | 20.43k | – |
Key Ratios Snapshot
Some of the financial key ratios for CATY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.5% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – CATY Stock Intrinsic Value
At GoodWhale, we recently conducted an in-depth analysis of the wellbeing of CATHAY GENERAL BANCORP. The results of our analysis show that CATHAY GENERAL BANCORP’s intrinsic value is around $49.0, which we calculated using our proprietary Valuation Line. This indicates that the stock is currently undervalued by 21.0%, as it is currently traded at $38.7. We believe that CATHAY GENERAL BANCORP is a great investment opportunity for investors looking for a long-term value play. More…
Peers
The company’s principal subsidiary is Cathay Bank, which provides commercial banking products and services in the United States. The company’s other subsidiaries include Cathay Investment Ltd., Cathay Insurance Agency, Inc., and Cathay Properties, Inc. The company operates through its branches in California, New York, Texas, Illinois, Washington, Massachusetts, Nevada, and Hong Kong. The company’s competitors include Oak Valley Bancorp, Cornerstone Community Bancorp, University Bancorp Inc.
– Oak Valley Bancorp ($NASDAQ:OVLY)
Oak Valley Bancorp is a bank holding company based in Oakdale, California. It operates through its subsidiary, Oak Valley Community Bank, which provides banking services to retail and commercial customers in California’s San Joaquin Valley. As of December 31, 2020, Oak Valley Bancorp had total assets of $2.3 billion and total deposits of $1.9 billion.
– Cornerstone Community Bancorp ($OTCPK:CRSB)
The market cap for University Bancorp Inc. is $83.37 million as of 2022. The company is a holding company for University Bank, which is a full-service bank that offers personal and commercial banking products and services in the United States.
Summary
Investing in Cathay General Bancorp is a solid choice for investors looking to diversify their portfolio with financial stocks. The company provides a wide range of banking services, including commercial, consumer lending and deposits, international trade finance, and other financial services. Its operations are mainly concentrated in California, Texas, New York, and Massachusetts. Analysts rate the stock as a “buy,” citing its strong balance sheet and attractive valuations.
Additionally, the bank has strong capitalization and cost-efficiency ratios. This makes it an attractive choice for investors seeking long-term value growth.
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