Cathay General Bancorp (CATY) EPS Estimated At $0.89

June 14, 2018 - By Hannah Black

Cathay General Bancorp (NASDAQ:CATY) LogoInvestors sentiment decreased to 1.09 in Q1 2018. Its down 0.14, from 1.23 in 2017Q4. It fall, as 12 investors sold Cathay General Bancorp shares while 69 reduced holdings. 25 funds opened positions while 63 raised stakes. 53.71 million shares or 0.82% more from 53.28 million shares in 2017Q4 were reported.
Opus Gru Ltd Com invested in 0.56% or 55,412 shares. Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0.01% in Cathay General Bancorp (NASDAQ:CATY). Massachusetts Service Ma owns 0.01% invested in Cathay General Bancorp (NASDAQ:CATY) for 442,077 shares. Legal General Public Limited Com has invested 0% in Cathay General Bancorp (NASDAQ:CATY). Deutsche Bankshares Ag accumulated 108,038 shares or 0% of the stock. Aperio Group Ltd Liability Corporation has invested 0% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Natixis owns 5,148 shares. Balyasny Asset Mgmt Ltd Liability Company has 617,546 shares for 0.1% of their portfolio. Wedge Mgmt L Limited Partnership Nc accumulated 438,537 shares or 0.17% of the stock. Federated Investors Pa reported 58,338 shares stake. Apg Asset Mngmt Nv holds 0.02% in Cathay General Bancorp (NASDAQ:CATY) or 321,500 shares. 10,000 were accumulated by Apriem Advisors. Commercial Bank Of Montreal Can holds 98,418 shares. Pnc Fincl Grp Inc accumulated 145,551 shares or 0.01% of the stock. Clark Mgmt Group accumulated 0.07% or 54,409 shares.

Since February 2, 2018, it had 0 insider buys, and 7 sales for $5.04 million activity. Another trade for 26,667 shares valued at $1.09 million was made by CHENG DUNSON K on Thursday, April 26. On Friday, February 2 the insider WU PETER sold $1.47 million. On Wednesday, June 6 the insider WONG IRWIN sold $275,587.

Analysts expect Cathay General Bancorp (NASDAQ:CATY) to report $0.89 EPS on July, 18.They anticipate $0.25 EPS change or 39.06 % from last quarter’s $0.64 EPS. CATY’s profit would be $72.30 million giving it 11.93 P/E if the $0.89 EPS is correct. After having $0.78 EPS previously, Cathay General Bancorp’s analysts see 14.10 % EPS growth. The stock decreased 0.19% or $0.08 during the last trading session, reaching $42.48. About 409,153 shares traded or 0.76% up from the average. Cathay General Bancorp (NASDAQ:CATY) has risen 16.04% since June 15, 2017 and is uptrending. It has outperformed by 3.47% the S&P500.

Cathay General Bancorp (NASDAQ:CATY) Ratings Coverage

Among 8 analysts covering Cathay General Bancorp (NASDAQ:CATY), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Cathay General Bancorp had 16 analyst reports since December 18, 2017 according to SRatingsIntel. The rating was upgraded by Wedbush to “Outperform” on Wednesday, May 2. The stock has “Buy” rating by RBC Capital Markets on Tuesday, January 30. The rating was maintained by Sandler O’Neill with “Hold” on Wednesday, January 31. The stock of Cathay General Bancorp (NASDAQ:CATY) has “Hold” rating given on Monday, December 18 by BMO Capital Markets. Keefe Bruyette & Woods maintained it with “Hold” rating and $4600 target in Wednesday, April 18 report. As per Thursday, March 29, the company rating was maintained by Sandler O’Neill. The rating was maintained by BMO Capital Markets on Wednesday, April 18 with “Hold”. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Hold” rating by BMO Capital Markets on Tuesday, January 30. The company was maintained on Wednesday, April 18 by RBC Capital Markets. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, February 26.

Cathay General Bancorp operates as the holding firm for Cathay Bank that offers various commercial banking services and products to individuals, professionals, and small to medium-sized businesses in the United States. The company has market cap of $3.45 billion. It offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposits, individual retirement accounts, and public funds deposits. It has a 18.14 P/E ratio. The companyÂ’s loan portfolio consists of commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for automobile, household, and other consumer expenditures.

More news for Cathay General Bancorp (NASDAQ:CATY) were recently published by: Globenewswire.com, which released: “Market Trends Toward New Normal in Meritage, AllianceBernstein Holding, Viper Energy Partners LP, Huron …” on May 21, 2018. Prnewswire.com‘s article titled: “Cathay Bank Teams With UCLA Anderson Forecast” and published on June 14, 2018 is yet another important article.

Cathay General Bancorp (NASDAQ:CATY) Institutional Positions Chart

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