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Cathay General Bancorp (CATY) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Cathay General Bancorp (CATY) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Cathay General Bancorp is a holding company for Cathay Bank, which offers various financial services for individuals, professionals, and small to medium-sized businesses in California. It provides loans, savings, time deposits, and others. Cathay General Bancorp has a market cap of $3.08 billion; its shares were traded at around $38.24 with a P/E ratio of 11.51 and P/S ratio of 5.31. The dividend yield of Cathay General Bancorp stocks is 2.89%.


For the last quarter Cathay General Bancorp reported a revenue of $156.4 million, compared with the revenue of $145.7 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $597.6 million, an increase of 13.2% from last year. For the last five years Cathay General Bancorp had an average revenue growth rate of 9.7% a year.

The reported diluted earnings per share was $3.34 for the year, an increase of 53.9% from previous year. Over the last five years Cathay General Bancorp had an EPS growth rate of 15.5% a year. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Cathay General Bancorp has the cash and cash equivalents of $600.3 million, compared with $539.8 million in the previous year. The long term debt was $736.7 million, compared with $641.6 million in the previous year. Cathay General Bancorp has a financial strength rank of 4 (out of 10).

At the current stock price of $38.24, Cathay General Bancorp is traded at 12.4% premium to its historical median P/S valuation band of $34.03. The P/S ratio of the stock is 5.31, while the historical median P/S ratio is 4.74. The stock lost 4.27% during the past 12 months.

Directors and Officers Recent Trades:

  • Vice Chairman Anthony M Tang sold 10,000 shares of CATY stock on 02/20/2019 at the average price of $39.76. The price of the stock has decreased by 3.82% since.
  • EVP, Chief Risk Officer Kim R Bingham sold 900 shares of CATY stock on 02/04/2019 at the average price of $37.61. The price of the stock has increased by 1.68% since.

For the complete 20-year historical financial data of CATY, click here.

This article first appeared on GuruFocus.