Cathay General Bancorp (CATY) reported quarterly earnings results on Wednesday, Jul-20-2016. The company reported $0.44 EPS for the quarter. Analysts had a consensus estimate of $0.44. Analysts expectations of $110.83 million. During the same quarter in the previous year, the company posted $0.56 EPS.
Cathay General Bancorp closed down -0.3 points or -1.00% at $29.77 with 2,77,789 shares getting traded on Monday. Post opening the session at $30.15, the shares hit an intraday low of $29.77 and an intraday high of $30.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 10, 2016, Anthony M Tang (Vice Chairman) sold 50,000 shares at $27.79 per share price. According to the SEC, on Mar 7, 2016, Kelly L Chan (director) purchased 2,000 shares at $8.73 per share price. On Nov 25, 2015, Peter Wu (Vice Chairman) sold 42,230 shares at $34.32 per share price, according to the Form-4 filing with the securities and exchange commission.
Cathay General Company is a bank holding company. The Company operates through Cathay Bank a California state-chartered commercial bank (the Bank) seven limited partnerships investing in affordable housing investments in which the Bank is the sole limited partner and GBC Venture Capital Inc. The Bank primarily services individuals professionals and small to medium-sized businesses in the local markets in which its branches are located and provides commercial mortgage loans commercial loans residential mortgage loans real estate construction loans home equity lines of credit and installment loans to individuals. It operates approximately 60 branches across California New York State Chicago Washington State Texas Maryland Massachusetts Nevada New Jersey Hong Kong Taipei and Shanghai. It offers deposit products including passbook accounts checking accounts college certificates of deposit and public funds deposits.