Cathay General Bancorp (NASDAQ:CATY) announced its quarterly earnings data on Wednesday. The bank reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.01, Briefing.com reports. Cathay General Bancorp had a return on equity of 12.68% and a net margin of 34.23%. During the same period in the previous year, the firm earned $0.80 earnings per share.

Shares of Cathay General Bancorp stock opened at $37.20 on Thursday. Cathay General Bancorp has a 52 week low of $31.89 and a 52 week high of $40.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $37.82 and a two-hundred day moving average price of $35.95. The stock has a market capitalization of $2.95 billion, a PE ratio of 10.81 and a beta of 1.29.

A number of equities research analysts have commented on CATY shares. Wedbush reduced their price objective on Cathay General Bancorp from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. ValuEngine raised Cathay General Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 4th. Zacks Investment Research raised Cathay General Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Finally, BidaskClub cut Cathay General Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Cathay General Bancorp currently has a consensus rating of “Hold” and a consensus target price of $41.50.

In other news, Chairman Dunson K. Cheng sold 17,969 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $37.62, for a total value of $675,993.78. Following the transaction, the chairman now owns 43,015 shares in the company, valued at $1,618,224.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Anthony M. Tang sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $36.59, for a total value of $365,900.00. Following the completion of the transaction, the insider now owns 250,122 shares in the company, valued at approximately $9,151,963.98. The disclosure for this sale can be found here. Insiders sold 34,469 shares of company stock worth $1,283,224 in the last 90 days. Corporate insiders own 4.73% 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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Earnings History for Cathay General Bancorp (NASDAQ:CATY)

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