Cathay General Bancorp (NASDAQ:CATY – Get Free Report) issued its earnings results on Monday. The bank reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.04), Yahoo Finance reports. The firm had revenue of $339.25 million for the quarter, compared to analyst estimates of $188.85 million. Cathay General Bancorp had a return on equity of 13.16% and a net margin of 24.41%. During the same quarter in the previous year, the firm posted $1.32 EPS.
Cathay General Bancorp Trading Down 4.7 %
Shares of CATY stock opened at $34.89 on Wednesday. The business’s 50 day moving average is $37.91 and its two-hundred day moving average is $38.84. Cathay General Bancorp has a twelve month low of $27.24 and a twelve month high of $45.72. The company has a market capitalization of $2.54 billion, a P/E ratio of 7.72 and a beta of 1.12. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.25.
Cathay General Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.36 dividend on an annualized basis and a yield of 3.90%. Cathay General Bancorp’s payout ratio is 30.09%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Cathay General Bancorp
Insider Buying and Selling at Cathay General Bancorp
In other Cathay General Bancorp news, Vice Chairman Anthony M. Tang sold 7,000 shares of Cathay General Bancorp stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $43.45, for a total value of $304,150.00. Following the transaction, the insider now directly owns 204,500 shares in the company, valued at approximately $8,885,525. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.76% of the company’s stock.
About Cathay General Bancorp
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits.
Featured Articles
- Five stocks we like better than Cathay General Bancorp
- Dividend Capture Strategy: What You Need to Know
- The Bottom is in For Tesla: Read This Before Buying the Bounce
- 5 discounted opportunities for dividend growth investors
- 3 Technologies to Challenge NAND Flash Dominance in AI
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Is Zoom Video Stock Getting Too Cheap to Pass Up?
Receive News & Ratings for Cathay General Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cathay General Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.