Media stories about Cathay General Bancorp (NASDAQ:CATY) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cathay General Bancorp earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 48.5618170266526 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Cathay General Bancorp opened at $41.94 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. Cathay General Bancorp has a twelve month low of $34.00 and a twelve month high of $45.59. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.60 and a beta of 1.32.
Cathay General Bancorp (NASDAQ:CATY) last issued its earnings results on Wednesday, July 18th. The bank reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. Cathay General Bancorp had a return on equity of 11.98% and a net margin of 31.65%. The company had revenue of $147.80 million during the quarter, compared to the consensus estimate of $147.85 million. During the same period in the previous year, the company posted $0.64 EPS. research analysts predict that Cathay General Bancorp will post 3.3 earnings per share for the current fiscal year.
In other news, Vice Chairman Anthony M. Tang sold 12,289 shares of Cathay General Bancorp stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $42.50, for a total transaction of $522,282.50. Following the completion of the transaction, the insider now directly owns 290,717 shares in the company, valued at approximately $12,355,472.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Irwin Wong sold 6,409 shares of Cathay General Bancorp stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $43.00, for a total value of $275,587.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,208 shares of company stock valued at $1,287,045 over the last quarter. 4.90% of the stock is currently owned by corporate insiders.
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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