Cathay General Bancorp (NASDAQ:CATY) will be releasing its earnings data after the market closes on Wednesday, July 19th. Analysts expect Cathay General Bancorp to post earnings of $0.62 per share for the quarter.

Cathay General Bancorp (NASDAQ:CATY) last released its earnings results on Wednesday, April 19th. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Cathay General Bancorp had a net margin of 32.94% and a return on equity of 9.83%. The firm had revenue of $118.83 million during the quarter, compared to analyst estimates of $119.30 million. During the same quarter in the previous year, the business earned $0.57 EPS. On average, analysts expect Cathay General Bancorp to post $2.39 EPS for the current fiscal year and $2.62 EPS for the next fiscal year.

Shares of Cathay General Bancorp (NASDAQ:CATY) opened at 37.26 on Monday. The firm’s 50-day moving average is $37.35 and its 200-day moving average is $37.79. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 16.71 and a beta of 1.28. Cathay General Bancorp has a 12-month low of $28.84 and a 12-month high of $40.83.

Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Cathay General Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of Cathay General Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Keefe, Bruyette & Woods set a $37.00 price target on shares of Cathay General Bancorp and gave the company a “hold” rating in a research note on Monday, May 22nd. Wedbush reaffirmed a “neutral” rating and set a $39.00 price target on shares of Cathay General Bancorp in a research note on Tuesday, June 27th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $42.00 price target on shares of Cathay General Bancorp in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $39.50.

In other news, Vice Chairman Anthony M. Tang sold 50,000 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $38.01, for a total transaction of $1,900,500.00. Following the completion of the sale, the insider now directly owns 301,400 shares in the company, valued at $11,456,214. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.76% of the company’s stock.

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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.

Earnings History for Cathay General Bancorp (NASDAQ:CATY)

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