Cathay General Bancorp (CATY) is due to release results on Monday

Cathay General Bancorp (NASDAQ: CATY) will release its quarterly results after market close on Monday, October 25. Analysts expect Cathay General Bancorp to post earnings of $ 0.91 per share for the quarter. Those interested in registering for the business results conference call can do so by using this link.

Cathay General Bancorp (NASDAQ: CATY) last released its results on Sunday, July 25. The bank reported earnings of $ 0.97 per share for the quarter, beating the consensus estimate of $ 0.83 by $ 0.14. The company posted revenue of $ 160.58 million in the quarter, compared to a consensus estimate of $ 156.05 million. Cathay General Bancorp had a net margin of 39.05% and a return on equity of 11.47%. On average, analysts expect Cathay General Bancorp to post EPS of $ 4 for the current fiscal year and EPS of $ 4 for the next fiscal year.

Cathay General Bancorp shares opened at $ 40.97 on Monday. The company has a market cap of $ 3.20 billion, a P / E ratio of 11.74 and a beta of 1.51. The company has a debt ratio of 0.07, a quick ratio of 1.05, and a current ratio of 1.05. The company has a fifty-day moving average of $ 40.26 and a 200-day moving average of $ 40.21. Cathay General Bancorp has a 52-week low of $ 22.39 and a 52-week high of $ 45.19.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 9. Investors of record on Monday, August 30, received a dividend of $ 0.31. This represents an annualized dividend of $ 1.24 and a return of 3.03%. The ex-dividend date of this dividend was Friday, August 27. Cathay General Bancorp’s dividend payout ratio is currently 43.21%.

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In other news, vice president Peter Wu sold 20,000 shares of the company in a transaction dated Friday, August 27. The shares were sold at an average price of $ 39.74, for a total trade of $ 794,800.00. The sale was disclosed in a legal file with the SEC, which is available through this link. 4.23% of the shares are currently held by insiders.

Several brokerage firms have recently weighed on CATY. Truist Securities raised its target price on Cathay General Bancorp shares from $ 40.00 to $ 44.00 and assigned the stock a “conservation” rating in a report released on Monday, August 30. DA Davidson reiterated a “neutral” note on Cathay General Bancorp shares in a research note on Wednesday, July 28. Truist increased its price target for Cathay General Bancorp stock from $ 40.00 to $ 44.00 and assigned the stock a “conservation” rating in a research note on Monday, August 30. Ultimately, Zacks investment research Upgraded Cathay General Bancorp shares from a “custody” rating to a “buy” rating and set a target price of $ 45.00 on the stock in a research note on Wednesday, September 1. Four equity research analysts rated the stock with a conservation rating and one assigned a buy rating to the company’s stock. According to MarketBeat, Cathay General Bancorp currently has a consensus rating of “Hold” and a consensus price target of $ 45.

About Cathay General Bancorp

Cathay General Bancorp is a holding company which provides financial services. It offers commercial mortgages, business loans, small business administration loans, residential mortgages, real estate construction loans, home equity lines of credit and personal installment loans for expenses. automobiles, housework and other consumer expenses.

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Cathay General Bancorp (NASDAQ: CATY) Revenue History

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