Cathay General Bancorp (NASDAQ:CATY – Get Free Report) announced its quarterly earnings results on Monday. The bank reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.02), Briefing.com reports. The business had revenue of $178.53 million for the quarter, compared to the consensus estimate of $179.19 million. Cathay General Bancorp had a return on equity of 12.04% and a net margin of 22.08%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 EPS.
Cathay General Bancorp Trading Up 0.7 %
Shares of NASDAQ CATY opened at $43.30 on Wednesday. The company’s fifty day moving average is $37.53 and its 200-day moving average is $38.33. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 9.58 and a beta of 1.13. Cathay General Bancorp has a twelve month low of $32.08 and a twelve month high of $45.72. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.14.
Cathay General Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 30th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.14%. Cathay General Bancorp’s dividend payout ratio is 30.09%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on CATY
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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