Cathay General Bancorp (CATY) Scheduled to Post Earnings on Wednesday

Cathay General Bancorp (NASDAQ:CATY) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect Cathay General Bancorp to post earnings of $0.81 per share for the quarter.

Cathay General Bancorp (NASDAQ:CATY) last announced its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.80 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The company had revenue of $155.88 million for the quarter, compared to analysts’ expectations of $155.75 million. Cathay General Bancorp had a net margin of 37.84% and a return on equity of 13.18%. During the same quarter in the previous year, the company posted $0.61 EPS. On average, analysts expect Cathay General Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of CATY opened at $35.43 on Tuesday. The company has a market capitalization of $2.85 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 1.27 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 1.06. Cathay General Bancorp has a 12-month low of $31.94 and a 12-month high of $44.05.



Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Cathay General Bancorp from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub raised shares of Cathay General Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $46.63.

In other news, Vice Chairman Anthony M. Tang sold 10,000 shares of Cathay General Bancorp stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $39.76, for a total value of $397,600.00. Following the transaction, the insider now directly owns 258,006 shares of the company’s stock, valued at $10,258,318.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kim R. Bingham sold 900 shares of Cathay General Bancorp stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $37.61, for a total transaction of $33,849.00. Following the completion of the transaction, the executive vice president now directly owns 27,520 shares in the company, valued at $1,035,027.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,100 shares of company stock worth $590,713. 4.90% of the stock is currently owned by insiders.

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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.

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Earnings History for Cathay General Bancorp (NASDAQ:CATY)

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