Cathay General Bancorp (NASDAQ:CATY) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.
Cathay General Bancorp (NASDAQ:CATY) last announced its earnings results on Wednesday, October 25th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $146.20 million for the quarter, compared to analyst estimates of $135.27 million. During the same period in the prior year, the business earned $0.58 earnings per share. Cathay General Bancorp’s quarterly revenue was up 29.8% on a year-over-year basis. On average, analysts expect Cathay General Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Cathay General Bancorp (NASDAQ CATY) opened at $45.12 on Tuesday. Cathay General Bancorp has a 12-month low of $34.00 and a 12-month high of $45.54. The stock has a market cap of $3,618.31, a P/E ratio of 18.34, a PEG ratio of 1.96 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.05 and a current ratio of 1.05.
CATY has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Cathay General Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, October 11th. Piper Jaffray Companies reiterated a “buy” rating and set a $43.00 target price on shares of Cathay General Bancorp in a research report on Friday, October 6th. BMO Capital Markets reiterated a “buy” rating and set a $44.00 target price on shares of Cathay General Bancorp in a research report on Thursday, October 5th. BidaskClub raised shares of Cathay General Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Sandler O’Neill reissued a “hold” rating and set a $45.00 price target on shares of Cathay General Bancorp in a research note on Thursday, January 4th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $44.50.
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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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