Analysts See $0.60 EPS for Cathay General Bancorp (CATY)

September 17, 2017 - By Kurt Siggers

 Analysts See $0.60 EPS for Cathay General Bancorp (CATY)
Investors sentiment increased to 1.4 in Q4 2016. Its up 0.34, from 1.06 in 2016Q3. It increased, as 20 investors sold Cathay General Bancorp shares while 53 reduced holdings. 25 funds opened positions while 77 raised stakes. 53.27 million shares or 1.63% more from 52.41 million shares in 2016Q3 were reported.
Acadian Asset Limited Liability invested in 625 shares. Waddell & Reed Financial Inc invested in 358,920 shares or 0.03% of the stock. Toronto Dominion State Bank stated it has 0% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Clinton, New York-based fund reported 11,147 shares. Blackrock Grp Limited accumulated 65,866 shares. Cap One National Association reported 35,246 shares or 0.1% of all its holdings. Riverhead Mngmt Limited Liability Company reported 0.01% stake. Jpmorgan Chase And Com holds 0.01% or 704,982 shares in its portfolio. Moreover, Natixis has 0% invested in Cathay General Bancorp (NASDAQ:CATY). Commonwealth Of Pennsylvania Public School Empls Retrmt Sys stated it has 0.01% in Cathay General Bancorp (NASDAQ:CATY). Mraz Amerine And Associate Inc invested in 10,800 shares or 0.13% of the stock. Proshare Advsrs Limited accumulated 30,300 shares. 2,309 are held by Envestnet Asset Mgmt. New York State Teachers Retirement Sys reported 166,102 shares. Ohio-based Opus Capital Group has invested 1.29% in Cathay General Bancorp (NASDAQ:CATY).

Since June 8, 2017, it had 0 insider purchases, and 1 sale for $1.90 million activity.

Analysts expect Cathay General Bancorp (NASDAQ:CATY) to report $0.60 EPS on October, 18.They anticipate $0.02 EPS change or 3.45 % from last quarter’s $0.58 EPS. CATY’s profit would be $48.54 million giving it 15.25 P/E if the $0.60 EPS is correct. After having $0.64 EPS previously, Cathay General Bancorp’s analysts see -6.25 % EPS growth. The stock increased 0.30% or $0.11 on September 15, reaching $36.59. About 652,570 shares traded or 80.19% up from the average. Cathay General Bancorp (NASDAQ:CATY) has risen 23.23% since September 17, 2016 and is uptrending. It has outperformed by 6.53% the S&P500.

Cathay General Bancorp (NASDAQ:CATY) Ratings Coverage

Among 9 analysts covering Cathay Bancorp (NASDAQ:CATY), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Cathay Bancorp had 13 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Thursday, September 7 by RBC Capital Markets. Piper Jaffray maintained the stock with “Buy” rating in Monday, July 10 report. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Buy” rating by BMO Capital Markets on Friday, July 7. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, July 24. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Neutral” rating by DA Davidson on Thursday, April 21. PiperJaffray upgraded the shares of CATY in report on Thursday, February 2 to “Overweight” rating. RBC Capital Markets maintained Cathay General Bancorp (NASDAQ:CATY) rating on Thursday, January 21. RBC Capital Markets has “Outperform” rating and $33 target. The stock of Cathay General Bancorp (NASDAQ:CATY) has “Overweight” rating given on Thursday, February 2 by Piper Jaffray. Piper Jaffray maintained Cathay General Bancorp (NASDAQ:CATY) on Friday, September 1 with “Buy” rating. Wood maintained Cathay General Bancorp (NASDAQ:CATY) rating on Monday, July 11. Wood has “Market Perform” rating and $32 target.

Cathay General Bancorp is a bank holding company. The company has market cap of $2.96 billion. The Firm holds Cathay Bank, a California state-chartered commercial bank ; seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc., and Asia Realty Corp. It has a 15.09 P/E ratio. The Firm also owns the common stock of five statutory business trusts created for issuing capital securities.

More notable recent Cathay General Bancorp (NASDAQ:CATY) news were published by: Seekingalpha.com which released: “Cathay General Bancorp’s (CATY) CEO Pin Tai on Q4 2016 Results – Earnings Call …” on January 26, 2017, also Nasdaq.com with their article: “Ex-Dividend Reminder: Northern Trust, Washington Prime Group and Cathay …” published on August 28, 2017, Seekingalpha.com published: “Cathay General Bancorp’s (CATY) CEO Pin Tai on Q2 2017 Results – Earnings Call …” on July 20, 2017. More interesting news about Cathay General Bancorp (NASDAQ:CATY) were released by: Seekingalpha.com and their article: “Cathay General Bancorp’s (CATY) CEO Pin Tai on Q1 2017 Results – Earnings Call …” published on April 20, 2017 as well as Streetinsider.com‘s news article titled: “Cathay General Bancorp (CATY) Declares $0.21 Quarterly Dividend; 2.4% Yield” with publication date: August 05, 2017.

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