News stories about Cathay General Bancorp (NASDAQ:CATY) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cathay General Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.3763752049171 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern’s rankings:
- Cathay General Bancorp (CATY) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Cathay General Bancorp breached its 50 day moving average in a Bullish Manner : CATY-US : September 14, 2017 (finance.yahoo.com)
- ETFs with exposure to Cathay General Bancorp : September 13, 2017 (finance.yahoo.com)
- Cathay General Bancorp (CATY) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Cathay General Bancorp :CATY-US: Earnings Analysis: Q2, 2017 By the Numbers : September 12, 2017 (finance.yahoo.com)
Shares of Cathay General Bancorp (CATY) opened at 36.59 on Friday. The firm has a 50 day moving average price of $35.98 and a 200 day moving average price of $37.33. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 15.06 and a beta of 1.29. Cathay General Bancorp has a 52 week low of $28.84 and a 52 week high of $40.83.
Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $123.50 million for the quarter, compared to the consensus estimate of $129.10 million. Cathay General Bancorp had a return on equity of 10.54% and a net margin of 35.30%. During the same period last year, the business posted $0.44 EPS. Equities analysts forecast that Cathay General Bancorp will post $2.44 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, September 1st were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.30%. Cathay General Bancorp’s dividend payout ratio (DPR) is currently 34.57%.
Several brokerages have issued reports on CATY. BidaskClub lowered Cathay General Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. SunTrust Banks, Inc. began coverage on Cathay General Bancorp in a research note on Friday, August 18th. They issued a “hold” rating and a $39.00 target price on the stock. Zacks Investment Research lowered Cathay General Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $37.00 target price on shares of Cathay General Bancorp in a research note on Tuesday, July 25th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $42.00 target price on shares of Cathay General Bancorp in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Cathay General Bancorp has a consensus rating of “Hold” and an average price target of $40.83.
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Cathay General Bancorp Company Profile
Cathay General Bancorp is a bank holding company. The Company holds Cathay Bank, a California state-chartered commercial bank (the Bank); seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc, and Asia Realty Corp. The Company also owns the common stock of five statutory business trusts created for issuing capital securities.
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