Cathay General Bancorp (NASDAQ:CATY) COO Irwin Wong sold 6,059 shares of Cathay General Bancorp stock in a transaction on Monday, November 20th. The shares were sold at an average price of $42.00, for a total transaction of $254,478.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Cathay General Bancorp (NASDAQ CATY) opened at $42.24 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.37. The firm has a market cap of $3,397.67, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.11 and a beta of 1.34. Cathay General Bancorp has a 1-year low of $34.00 and a 1-year high of $42.64.

Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cathay General Bancorp had a net margin of 33.87% and a return on equity of 10.60%. The firm had revenue of $146.20 million for the quarter, compared to the consensus estimate of $135.27 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. research analysts forecast that Cathay General Bancorp will post 2.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, December 1st will be paid a dividend of $0.24 per share. This is an increase from Cathay General Bancorp’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, November 30th. This represents a $0.96 annualized dividend and a yield of 2.27%. Cathay General Bancorp’s payout ratio is 34.15%.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in Cathay General Bancorp by 45.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 81,672 shares of the bank’s stock worth $3,283,000 after buying an additional 25,705 shares during the period. GSA Capital Partners LLP purchased a new stake in Cathay General Bancorp during the 3rd quarter worth $585,000. Amussen Hunsaker Associates LLC purchased a new stake in Cathay General Bancorp during the 3rd quarter worth $1,246,000. California Public Employees Retirement System increased its stake in Cathay General Bancorp by 4.6% during the 3rd quarter. California Public Employees Retirement System now owns 179,356 shares of the bank’s stock worth $7,210,000 after buying an additional 7,956 shares during the period. Finally, Narus Financial Partners LLC purchased a new stake in Cathay General Bancorp during the 3rd quarter worth $207,000. 65.46% of the stock is currently owned by hedge funds and other institutional investors.

CATY has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Cathay General Bancorp from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Cathay General Bancorp from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, October 30th. Piper Jaffray Companies reiterated a “buy” rating and issued a $43.00 price target on shares of Cathay General Bancorp in a report on Friday, October 6th. SunTrust Banks, Inc. initiated coverage on shares of Cathay General Bancorp in a report on Friday, August 18th. They issued a “hold” rating and a $39.00 price target on the stock. Finally, Royal Bank Of Canada lifted their price target on shares of Cathay General Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.14.

About Cathay General Bancorp

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.

Insider Buying and Selling by Quarter for Cathay General Bancorp (NASDAQ:CATY)

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