Equity analysts expect Cathay General Bancorp (NASDAQ:CATY – get rating) will report sales of $171.87 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Cathay General Bancorp’s earnings, with the lowest estimate for sales at $168.00 million and the highest estimate at $177.60 million. Cathay General Bancorp posted sales of $151.82 million in the same quarter last year, suggesting a positive year-over-year growth rate of 13.2%. The firm is expected to release its next earnings results on Monday, April 25.

On average, analysts expect Cathay General Bancorp to report annual sales of $727.57 million for the current year, with estimates ranging from $720.80 million to $737.90 million. For the next fiscal year, analysts anticipate the business to report sales of $799.17 million, with estimates ranging from $780.50 million to $819.00 million. Zacks sales averages are a median average based on a survey of sell-side analysts covering Cathay General Bancorp.

Cathay General Bancorp (NASDAQ:CATY – get rating) last published its quarterly earnings results on Thursday, January 27. The bank reported earnings of $0.98 per share for the quarter, beating the Zacks Consensus Estimate of $0.94 by $0.04. The company had revenue of $175.26 million during the quarter, compared to the consensus estimate of $166.02 million. Cathay General Bancorp had a return on equity of 12.15% and a net margin of 41.37%. Business revenue increased 15.9% compared to the same quarter last year. During the same period last year, the company made $0.89 of earnings per share.


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Separately, Zacks Investment Research upgraded Cathay General Bancorp’s rating from a “hold” rating to a “buy” rating and set a $52.00 price target on the company in a research note on Tuesday, January 11.

CATY shares opened at $45.26 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04, and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $46.04 and a 200-day moving average price of $43.41. The company has a market cap of $3.41 billion, a P/E ratio of 11.91, and a beta of 1.26. Cathay General Bancorp has a twelve month minimum of $35.51 and a twelve month maximum of $48.88.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 7. Shareholders of record on Friday, February 25 received a dividend of $0.34. The ex-dividend date of this dividend was Thursday, February 24. This represents a dividend of $1.36 on an annualized basis and a dividend yield of 3.00%. Cathay General Bancorp’s payout ratio is 35.79%.

Institutional investors and hedge funds have recently increased or reduced their holdings in the company. Price T Rowe Associates Inc. MD improved its position in Cathay General Bancorp stock by 4.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 28,173 shares of the bank valued at $1,109,000 after purchasing an additional 1,301 shares during the last quarter. Invesco Ltd. increased its stake in Cathay General Bancorp by 5.6% during the second quarter. Invesco Ltd. now owns 994,467 shares of the bank worth $39,142,000 after buying an additional 52,863 shares during the last quarter. Jefferies Group LLC acquired a new interest in Cathay General Bancorp during the third quarter for approximately $240,000. Dynamic Technology Lab Private Ltd increased its stake in Cathay General Bancorp by 196.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 19,550 shares of the bank worth $809,000 after purchasing an additional 12,950 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in Cathay General Bancorp by 18.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 59,100 shares of the bank worth $2,446,000 after buying an additional 9,100 shares last quarter. 68.62% of the shares are owned by institutional investors.

Cathay General Bancorp Company Profile (get rating)

Cathay General Bancorp is a holding company engaged in the provision of financial services. Offers business mortgage loans, business loans, small business management loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for auto, home, and other living expenses. consumption.

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Cathay General Bancorp (NASDAQ:CATY) earnings history and estimates

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