Cathay General Bancorp (NASDAQ:CATY – Get Free Report) posted its earnings results on Monday. The bank reported $0.98 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.04), Yahoo Finance reports. Cathay General Bancorp had a return on equity of 13.16% and a net margin of 24.41%. The firm had revenue of $339.25 million during the quarter, compared to the consensus estimate of $188.85 million. During the same quarter last year, the company posted $1.32 EPS.
Cathay General Bancorp Stock Down 4.7 %
CATY stock opened at $34.89 on Wednesday. Cathay General Bancorp has a 12-month low of $27.24 and a 12-month high of $45.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.25. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 7.72 and a beta of 1.12. The company has a 50 day moving average of $37.91 and a two-hundred day moving average of $38.84.
Cathay General Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 28th were given a $0.34 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.36 annualized dividend and a dividend yield of 3.90%. Cathay General Bancorp’s dividend payout ratio (DPR) is presently 30.09%.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on CATY
Insiders Place Their Bets
In other Cathay General Bancorp news, Vice Chairman Anthony M. Tang sold 7,000 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $43.45, for a total value of $304,150.00. Following the completion of the sale, the insider now owns 204,500 shares in the company, valued at approximately $8,885,525. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.
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