- Cathay General’s 3rd quarter earnings per share (EPS) were $0.94, missing the estimate of $0.95 and down from $1.13 year-over-year.
- Net interest margin decreased to 3.04% from 3.38% year-over-year, slightly above the estimated 3.02%.
- Return on average assets was 1.15%, compared to 1.42% the previous year.
- Return on average equity fell to 9.5%, below last year’s 12.4% and short of the estimated 9.96%.
- The efficiency ratio worsened to 51.1% from 48.6% in the prior year, just above the estimate of 50.9%.
- Analysts currently have 1 buy rating, 4 hold ratings, and 1 sell rating for the company.
A look at Cathay General Ban Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Cathay General Ban shows a promising long-term outlook. With high scores across Value, Dividend, and Growth factors, the company is positioned well for potential future success. Additionally, its strong Momentum score indicates positive traction in the market that could drive further growth. While the Resilience score is slightly lower, the overall trend points towards a robust performance in the coming years.
Cathay General Bancorp, the parent company of Cathay Bank, operates in multiple states and offers a range of financial services. With a solid foundation in value, dividend, and growth areas, coupled with strong momentum, Cathay General Ban appears to be on a positive trajectory for the future. Investors may find the company’s overall outlook appealing for potential long-term investment opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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