Mandala Tribal

Main Menu

  • Home
  • Indonesia Tribes
  • Tribal Economies
  • Tribal Money
  • Tribes Of The World
  • Finance Debt

Mandala Tribal

Header Banner

Mandala Tribal

  • Home
  • Indonesia Tribes
  • Tribal Economies
  • Tribal Money
  • Tribes Of The World
  • Finance Debt
Finance Debt
Home›Finance Debt›Analysts expect Cathay General Bancorp (NASDAQ:CATY) to report quarterly sales of $171.87 million

Analysts expect Cathay General Bancorp (NASDAQ:CATY) to report quarterly sales of $171.87 million

By Mary Romo
March 13, 2022
0
0

Stock analysts expect Cathay General Bancorp (NASDAQ:CATY – Get a rating) will report sales of $171.87 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have released earnings estimates for Cathay General Bancorp, with the lowest sales estimate of $168.00 million and the highest estimate of $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 company is expected to release its next results on Monday, April 25.

On average, analysts expect Cathay General Bancorp to report revenue of $727.57 million for the current year, with estimates ranging from $720.80 to $737.90 million. For the next fiscal year, analysts expect the company to record sales of $799.17 million, with estimates ranging from $780.50 million to $819.00 million. Zacks sales averages are an average average based on a survey of sell-side analysts who cover Cathay General Bancorp.

Cathay General Bancorp (NASDAQ:CATY- Get a rating) last released its quarterly results on Thursday, January 27. The bank reported earnings per share of $0.98 for the quarter, beating the Zacks consensus estimate of $0.94 by $0.04. The company posted revenue of $175.26 million in the quarter, versus a consensus estimate of $166.02 million. Cathay General Bancorp had a return on equity of 12.15% and a net margin of 41.37%. The company’s revenues increased by 15.9% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $0.89.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

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

CATY stock opened at $45.26 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt ratio of 0.07. The company has a 50-day moving average price of $46.04 and a two-hundred-day moving average price of $43.41. The company has a market capitalization of $3.41 billion, a price-earnings ratio of 11.91 and a beta of 1.26. Cathay General Bancorp has a 12-month low of $35.51 and a 12-month high of $48.88.

The company 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 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 stake in the company. Price T Rowe Associates Inc. MD increased its position in Cathay General Bancorp shares 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 buying 1,301 additional shares in 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 purchasing an additional 52,863 shares in the last quarter. Jefferies Group LLC acquired a new stake in Cathay General Bancorp during Q3 for a value of approximately $240,000. Dynamic Technology Lab Private Ltd increased its stake in Cathay General Bancorp by 196.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,550 shares in the bank worth $809,000 after buying an additional 12,950 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in Cathay General Bancorp by 18.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 59,100 shares of the bank worth $2,446,000 after buying an additional 9,100 shares in the last quarter. 68.62% of the shares are held by institutional investors.

Cathay General Bancorp Company Profile (Get a rating)

Cathay General Bancorp is a holding company that provides financial services. It offers commercial mortgages, commercial loans, small business administration loans, residential mortgages, home construction loans, home equity lines of credit and personal installment loans for the automobile, household and other consumer expenses.

Recommended Stories

Get a free copy of Zacks’ research report on Cathay General Bancorp (CATY)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for Cathay General Bancorp (NASDAQ:CATY)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Cathay General Bancorp right now?

Before you consider Cathay General Bancorp, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Cathay General Bancorp was not on the list.

While Cathay General Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Related posts:

  1. On-line credit score: what to think about?
  2. How lengthy does the financial institution on-line credit score take?
  3. Which forms of auto financing can I choose?
  4. On-line private mortgage with restriction: The place and easy methods to do it?
Tagsinstallment loans

Recent Posts

  • Lumbee Council votes to create Department of Agriculture and Natural Resources
  • Are the banks the “bad guys”? Overdraft fees crush low-income customers
  • Readers ponder the sting of sudden bigotry
  • How Mitch McConnell Made the Senate Even Worse
  • What are Kroger Money Services hours of operation today?

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • July 2020
  • May 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019

Categories

  • Finance Debt
  • Indonesia Tribes
  • Tribal Economies
  • Tribal Money
  • Tribes Of The World
  • Terms and Conditions
  • Privacy Policy