Cathay General Bancorp (NASDAQ:CATY) insider Dunson K. Cheng sold 20,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $41.92, for a total value of $838,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Cathay General Bancorp (NASDAQ:CATY) traded up $0.95 during mid-day trading on Thursday, hitting $42.75. The company’s stock had a trading volume of 246,900 shares, compared to its average volume of 338,116. Cathay General Bancorp has a twelve month low of $34.00 and a twelve month high of $45.59. The stock has a market cap of $3,381.34, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.66 and a beta of 1.38. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33.
Cathay General Bancorp (NASDAQ:CATY) last issued its earnings results on Tuesday, January 30th. The bank reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). Cathay General Bancorp had a return on equity of 10.47% and a net margin of 28.74%. The firm had revenue of $143.51 million during the quarter, compared to analysts’ expectations of $139.43 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. Cathay General Bancorp’s quarterly revenue was up 21.8% compared to the same quarter last year. analysts forecast that Cathay General Bancorp will post 3.15 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. ValuEngine upgraded Cathay General Bancorp from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets boosted their price objective on Cathay General Bancorp to $51.00 and gave the company a “market perform” rating in a report on Wednesday, January 31st. BidaskClub cut Cathay General Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Piper Jaffray Companies restated a “buy” rating and set a $51.00 price objective on shares of Cathay General Bancorp in a report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded Cathay General Bancorp from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Friday, January 5th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cathay General Bancorp presently has an average rating of “Hold” and a consensus target price of $45.13.
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Cathay General Bancorp Company Profile
Cathay General Bancorp is a bank holding company. The Company holds Cathay Bank, a California state-chartered commercial bank (the Bank); seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc, and Asia Realty Corp. The Company also owns the common stock of five statutory business trusts created for issuing capital securities.
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