$0.89 EPS Expected for Cathay General Bancorp (CATY)

June 17, 2018 - By Adrian Mccoy

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.
Bnp Paribas Arbitrage invested in 24,524 shares or 0% of the stock. Retail Bank Of America De has invested 0% in Cathay General Bancorp (NASDAQ:CATY). 321,500 were reported by Apg Asset Nv. Mraz Amerine And Associates owns 10,800 shares or 0.14% of their US portfolio. Brandywine Investment Ltd Liability has 192,359 shares. Nordea Investment Management holds 144,800 shares or 0.01% of its portfolio. Ls Inv Llc has 4,377 shares. Moreover, Stevens Capital Management Ltd Partnership has 0.06% invested in Cathay General Bancorp (NASDAQ:CATY). Amer Century Cos invested 0% in Cathay General Bancorp (NASDAQ:CATY). Retail Bank Of Mellon reported 1.34M shares stake. First Quadrant L P Ca owns 65,400 shares. Ameritas Inv has invested 0.06% in Cathay General Bancorp (NASDAQ:CATY). 100 were reported by Focused Wealth. Macquarie Grp Limited invested in 4,450 shares or 0% of the stock. Proshare Ltd Liability has 27,329 shares.

Since February 2, 2018, it had 0 buys, and 7 selling transactions for $5.04 million activity. 6,409 shares were sold by WONG IRWIN, worth $275,587. CHENG DUNSON K had sold 26,667 shares worth $1.09 million on Thursday, April 26. 33,045 shares valued at $1.47 million were sold by WU PETER on Friday, February 2.

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 $72.30M giving it 11.96 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 increased 0.26% or $0.11 during the last trading session, reaching $42.59. About 1.37 million shares traded or 230.95% up from the average. Cathay General Bancorp (NASDAQ:CATY) has risen 16.04% since June 17, 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 stock of Cathay General Bancorp (NASDAQ:CATY) has “Hold” rating given on Monday, January 8 by SunTrust. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, April 18. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm has “Hold” rating by Sandler O’Neill given on Thursday, March 29. BMO Capital Markets maintained the stock with “Hold” rating in Friday, March 23 report. The stock has “Hold” rating by Sandler O’Neill on Wednesday, January 31. Keefe Bruyette & Woods maintained it with “Hold” rating and $4600 target in Wednesday, April 18 report. The stock of Cathay General Bancorp (NASDAQ:CATY) has “Buy” rating given on Tuesday, January 30 by RBC Capital Markets. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, April 18 report. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Hold” rating by BMO Capital Markets on Tuesday, January 30.

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 $3.46 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 18.19 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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.