Cathay General Bancorp (NASDAQ:CATY) insider Dunson K. Cheng sold 20,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $41.92, for a total transaction of $838,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Cathay General Bancorp (CATY) traded up $0.95 during midday trading on Wednesday, reaching $42.75. 246,971 shares of the company’s stock traded hands, compared to its average volume of 350,000. The stock has a market capitalization of $3,460.00, a P/E ratio of 17.45, a PEG ratio of 1.66 and a beta of 1.37. Cathay General Bancorp has a 1-year low of $34.00 and a 1-year high of $45.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04.
Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). The business had revenue of $143.51 million for the quarter, compared to analysts’ expectations of $139.43 million. Cathay General Bancorp had a net margin of 28.74% and a return on equity of 10.47%. Cathay General Bancorp’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. equities research analysts expect that Cathay General Bancorp will post 3.15 EPS for the current fiscal year.
CATY has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $46.00 price target on shares of Cathay General Bancorp in a report on Wednesday, December 20th. Zacks Investment Research raised 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 reissued a “buy” rating and issued a $51.00 price target on shares of Cathay General Bancorp in a report on Tuesday, January 9th. Sandler O’Neill reaffirmed a “hold” rating and set a $45.00 price objective on shares of Cathay General Bancorp in a report on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $44.00 price objective on shares of Cathay General Bancorp in a report on Friday, December 22nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cathay General Bancorp currently has an average rating of “Hold” and an average price target of $45.13.
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.
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