Zacks: Brokerages Predict Cathay General Bancorp (NASDAQ: CATY) to Report Earnings per Share of $ 0.91
Wall Street brokerages expect Cathay General Bancorp (NASDAQ: CATY) to report earnings per share of $ 0.91 for the current quarter, according to Zacks. Three analysts have estimated Cathay General Bancorp’s earnings. The highest EPS estimate is $ 0.95 and the lowest is $ 0.84. Cathay General Bancorp posted earnings of $ 0.71 per share in the same quarter of last year, which would indicate a positive growth rate of 28.2% year-over-year. The company is expected to announce its next earnings report on Monday, October 25.
On average, analysts expect Cathay General Bancorp to report annual earnings of $ 3.69 per share for the current fiscal year, with EPS estimates ranging from $ 3.58 to $ 3.77. For next year, analysts predict the company will report earnings of $ 3.61 per share, with EPS estimates ranging from $ 3.46 to $ 3.80. Zacks’ earnings per share calculations are an average based on a survey of research analysts who follow Cathay General Bancorp.
Cathay General Bancorp (NASDAQ: CATY) last released its results on Sunday, July 25. The bank reported earnings per share (EPS) of $ 0.97 for the quarter, beating analyst consensus estimates of $ 0.83 by $ 0.14. Cathay General Bancorp recorded a return on equity of 11.47% and a net margin of 39.05%.
A number of brokerage firms have recently published reports on CATY. DA Davidson reissued a “neutral” rating on Cathay General Bancorp shares in a research note on Wednesday, July 28. Zacks Investment Research downgraded Cathay General Bancorp from a “buy” rating to a “conservation” rating in a research note Monday.
CATY shares opened at $ 39.81 on Thursday. The stock has a market cap of $ 3.11 billion, a P / E ratio of 11.41 and a beta of 1.50. The 50-day simple moving average for the stock is $ 38.62. Cathay General Bancorp has a 12 month low of $ 20.59 and a 12 month high of $ 45.19. The company has a current ratio of 1.05, a quick ratio of 1.05, and a debt ratio of 0.07.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 9. Investors of record on Monday, August 30 will receive a dividend of $ 0.31. This represents a dividend of $ 1.24 on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday August 27. Cathay General Bancorp’s dividend payout ratio is currently 43.21%.
Institutional investors and hedge funds have recently increased or reduced their holdings in the stock. Cibc World Markets Corp acquired a new stake in the shares of Cathay General Bancorp during the first quarter valued at approximately $ 327,000. Meeder Asset Management Inc. increased its stake in Cathay General Bancorp by 114.7% during the 1st quarter. Meeder Asset Management Inc. now owns 659 shares of the bank valued at $ 27,000 after purchasing 352 additional shares in the last quarter. Guggenheim Capital LLC increased its stake in Cathay General Bancorp by 32.8% during the 1st quarter. Guggenheim Capital LLC now owns 57,729 shares of the bank valued at $ 2,354,000 after purchasing an additional 14,260 shares in the last quarter. The Swiss National Bank increased its stake in Cathay General Bancorp by 0.9% during the first quarter. The Swiss National Bank now owns 172,900 shares of the bank valued at $ 7,051,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Morgan Stanley increased its stake in Cathay General Bancorp by 47.5% during the first quarter. Morgan Stanley now owns 186,357 shares of the bank valued at $ 7,600,000 after purchasing an additional 60,027 shares in the last quarter. Institutional investors and hedge funds hold 65.30% of the company’s shares.
Cathay General Bancorp Company Profile
Cathay General Bancorp is a holding company which provides financial services. It offers commercial mortgages, commercial loans, small business administration loans, residential mortgages, real estate construction loans, home equity lines of credit and personal installment loans for expenses. automobiles, housework and other consumer expenses.
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