How Many Cathay General Bancorp (NASDAQ:CATY)’s Analysts Are Bullish?

April 22, 2018 - By Henry Gaston

Cathay General Bancorp (NASDAQ:CATY) LogoInvestors sentiment decreased to 1.23 in Q4 2017. Its down 0.49, from 1.72 in 2017Q3. It fall, as 14 investors sold Cathay General Bancorp shares while 67 reduced holdings. 26 funds opened positions while 74 raised stakes. 53.28 million shares or 0.71% less from 53.66 million shares in 2017Q3 were reported.
Etrade Capital Mgmt Limited Liability holds 0.01% or 10,435 shares. Apriem accumulated 10,000 shares. Koch Industry holds 0.06% of its portfolio in Cathay General Bancorp (NASDAQ:CATY) for 9,938 shares. Canada Pension Plan Board has 66,200 shares. Assetmark accumulated 1,470 shares or 0% of the stock. Alpine Woods Capital Invsts Lc holds 0.14% or 66,565 shares. Systematic Finance Mngmt L P accumulated 0.05% or 58,025 shares. National Bank & Trust Of America De has invested 0% in Cathay General Bancorp (NASDAQ:CATY). Us Savings Bank De reported 0% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). State Treasurer State Of Michigan holds 0.01% of its portfolio in Cathay General Bancorp (NASDAQ:CATY) for 27,300 shares. Moreover, Proshare Advisors Limited Com has 0.01% invested in Cathay General Bancorp (NASDAQ:CATY) for 28,946 shares. Ahl Llp reported 46,044 shares or 0.03% of all its holdings. Palouse Inc holds 0.27% in Cathay General Bancorp (NASDAQ:CATY) or 19,204 shares. Amundi Pioneer Asset Mngmt reported 938,978 shares. Comerica Bank holds 130,109 shares.

Since December 11, 2017, it had 0 buys, and 5 selling transactions for $4.84 million activity. $2.12M worth of Cathay General Bancorp (NASDAQ:CATY) was sold by CHENG DUNSON K. WU PETER sold $1.47M worth of stock.

Cathay General Bancorp (NASDAQ:CATY) Ratings Coverage

Among 7 analysts covering Cathay General Bancorp (NASDAQ:CATY), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Cathay General Bancorp had 19 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of Cathay General Bancorp (NASDAQ:CATY) has “Hold” rating given on Thursday, November 30 by BMO Capital Markets. RBC Capital Markets maintained the shares of CATY in report on Wednesday, April 18 with “Buy” rating. On Thursday, January 4 the stock rating was maintained by Sandler O’Neill with “Hold”. BMO Capital Markets maintained it with “Hold” rating and $46.0 target in Monday, December 18 report. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, January 30 report. The firm has “Hold” rating given on Thursday, March 29 by Sandler O’Neill. BMO Capital Markets maintained it with “Hold” rating and $51.0 target in Tuesday, January 30 report. The rating was maintained by Sandler O’Neill with “Hold” on Wednesday, January 31. The firm has “Hold” rating by BMO Capital Markets given on Friday, March 23. The company was maintained on Monday, February 26 by Keefe Bruyette & Woods. Below is a list of Cathay General Bancorp (NASDAQ:CATY) latest ratings and price target changes.

18/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $46.0000 Maintain
19/04/2018 Broker: DA Davidson Rating: Hold New Target: $43.5000
18/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $48.0000 Maintain
18/04/2018 Broker: BMO Capital Markets Rating: Hold New Target: $48.0000 Maintain
18/04/2018 Broker: Piper Jaffray Rating: Buy New Target: $50.0000 Maintain
29/03/2018 Broker: Sandler O’Neill Rating: Hold New Target: $43.0000 Maintain
23/03/2018 Broker: BMO Capital Markets Rating: Hold New Target: $50.0000 Maintain
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $45.0 Maintain
31/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $46.0 Maintain
30/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $50.0 Maintain

The stock decreased 0.87% or $0.35 during the last trading session, reaching $40.11. About 547,076 shares traded or 48.39% up from the average. Cathay General Bancorp (NASDAQ:CATY) has risen 8.54% since April 22, 2017 and is uptrending. It has underperformed by 3.01% the S&P500.

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 $3.26 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 18.48 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.

Cathay General Bancorp (NASDAQ:CATY) Institutional Positions Chart

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