Cathay General Bancorp Inc (NASDAQ:CATY) released its quarterly results on Thursday. The bank reported earnings per share (EPS) of $0.99 for the quarter, beating the consensus estimate of $0.92 by $0.07, Loyalty Earnings reports. Cathay General Bancorp had a net margin of 41.32% and a return on equity of 12.00%. The company posted revenue of $175.26 million in the quarter, versus analyst estimates of $166.02 million. In the same period a year earlier, the company posted earnings of $0.89 per share. The company’s revenue increased 15.9% year over year.

Shares of NASDAQ CATY rose $1.52 on Friday, hitting $44.15. 6,561 shares of the company were traded, compared to its average volume of 317,232. Cathay General Bancorp has a 12-month low of $33.44 and a 12-month high of $46.96. The company’s 50-day simple moving average is $43.94 and its two-hundred-day simple moving average is $41.54. The company has a market capitalization of $3.41 billion, a price-earnings ratio of 11.49 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt ratio of 0.07.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 9. Shareholders of record on Monday, November 29 received a dividend of $0.44 per share. This is an increase from Cathay General Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, November 26. This represents a dividend of $1.76 on an annualized basis and a dividend yield of 3.99%. Cathay General Bancorp’s dividend payout ratio (DPR) is currently 36.66%.

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

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A hedge fund recently increased its stake in shares of Cathay General Bancorp. Royal Bank of Canada increased its stake in Cathay General Bancorp (NASDAQ:CATY) by 4.7% during the third quarter, according to its most recent disclosure to the Securities and Exchange Commission. The fund held 12,724 shares of the bank after buying an additional 569 shares during the quarter. Royal Bank of Canada’s holdings in Cathay General Bancorp were worth $527,000 at the end of the most recent quarter. Hedge funds and other institutional investors hold 68.52% of the company’s shares.

About Cathay General Bancorp

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.

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Earnings History for Cathay General Bancorp (NASDAQ:CATY)

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