1 week Ago By ABMN Staff
Cathay General Bancorp ( NASDAQ:CATY – Free Report ) – Investment analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for shares of Cathay General Bancorp in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the bank will earn $4.
33 per share for the year, down from their prior forecast of $4.35. The consensus estimate for Cathay General Bancorp’s current full-year earnings is $3.
99 per share. Cathay General Bancorp ( NASDAQ:CATY – Get Free Report ) last issued its quarterly earnings results on Monday, October 21st. The bank reported $0.
94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01).
The firm had revenue of $359.86 million for the quarter, compared to the consensus estimate of $182.70 million.
Cathay General Bancorp had a net margin of 20.57% and a return on equity of 11.30%.
During the same period in the previous year, the business posted $1.13 earnings per share. Check Out Our Latest Report on Cathay General Bancorp Cathay General Bancorp Price Performance Shares of Cathay General Bancorp stock opened at $47.
57 on Monday. Cathay General Bancorp has a 52 week low of $33.88 and a 52 week high of $55.
29. The company has a current ratio of 1.03, a quick ratio of 1.
03 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $49.
37 and its two-hundred day moving average price is $43.84. The stock has a market cap of $3.
39 billion, a PE ratio of 11.98 and a beta of 1.12.
Cathay General Bancorp Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.34 per share.
This represents a $1.36 annualized dividend and a yield of 2.86%.
The ex-dividend date was Wednesday, November 27th. Cathay General Bancorp’s dividend payout ratio (DPR) is currently 34.26%.
Insider Activity In other Cathay General Bancorp news, EVP Thomas M. Lo sold 900 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $47.
00, for a total value of $42,300.00. Following the transaction, the executive vice president now owns 3,359 shares in the company, valued at approximately $157,873.
This represents a 21.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, Vice Chairman Peter Wu sold 40,000 shares of Cathay General Bancorp stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $52.87, for a total transaction of $2,114,800.
00. Following the sale, the insider now directly owns 295,252 shares of the company’s stock, valued at $15,609,973.24.
This trade represents a 11.93 % decrease in their position. The disclosure for this sale can be found here .
Insiders sold 48,189 shares of company stock worth $2,500,047 over the last quarter. Corporate insiders own 4.76% of the company’s stock.
Hedge Funds Weigh In On Cathay General Bancorp A number of hedge funds have recently modified their holdings of the stock. Quarry LP increased its position in Cathay General Bancorp by 76.3% in the 2nd quarter.
Quarry LP now owns 765 shares of the bank’s stock worth $29,000 after purchasing an additional 331 shares during the last quarter. Quest Partners LLC acquired a new position in Cathay General Bancorp in the second quarter worth approximately $40,000. CWM LLC raised its position in Cathay General Bancorp by 19.
9% during the third quarter. CWM LLC now owns 1,517 shares of the bank’s stock valued at $65,000 after acquiring an additional 252 shares in the last quarter. GAMMA Investing LLC lifted its stake in Cathay General Bancorp by 24.
9% in the third quarter. GAMMA Investing LLC now owns 1,531 shares of the bank’s stock valued at $66,000 after acquiring an additional 305 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Cathay General Bancorp in the third quarter valued at approximately $201,000.
75.01% of the stock is owned by institutional investors and hedge funds. About Cathay General Bancorp ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Cathay General Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cathay General Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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