Cathay General Bancorp (CATY) Analysts See $0.89 EPS

June 14, 2018 - By Michael Collier

Cathay General Bancorp (NASDAQ:CATY) LogoInvestors sentiment decreased to 1.09 in 2018 Q1. Its down 0.14, from 1.23 in 2017Q4. It dived, 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.
144,800 are held by Clarivest Asset Mngmt Llc. Wells Fargo And Mn reported 119,642 shares or 0% of all its holdings. Hsbc Holdg Public Limited holds 0% of its portfolio in Cathay General Bancorp (NASDAQ:CATY) for 10,162 shares. Qs Invsts Lc holds 0.02% or 54,511 shares in its portfolio. Morgan Stanley invested in 0% or 350,729 shares. Cornercap Counsel holds 19,570 shares or 0.11% of its portfolio. Sei Com accumulated 0.01% or 72,884 shares. 27,329 are owned by Proshare Advisors Ltd. Prelude Capital Management Limited Liability reported 2,480 shares or 0.01% of all its holdings. State Board Of Administration Of Florida Retirement System invested 0.01% in Cathay General Bancorp (NASDAQ:CATY). Barclays Public Lc has invested 0% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Metropolitan Life Insurance New York accumulated 44,128 shares. Maryland-based Profund Advsr Ltd Llc has invested 0.02% in Cathay General Bancorp (NASDAQ:CATY). Moreover, Pub Employees Retirement System Of Ohio has 0.02% invested in Cathay General Bancorp (NASDAQ:CATY) for 75,483 shares. Mason Street Advisors Ltd Company owns 38,298 shares.

Since February 2, 2018, it had 0 insider purchases, and 7 sales for $5.04 million activity. On Friday, February 2 the insider BINGHAM KIM R sold $169,906. On Tuesday, February 13 the insider CHENG DUNSON K sold $1.04M. 6,409 shares valued at $275,587 were sold by WONG IRWIN on Wednesday, June 6.

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. RBC Capital Markets maintained Cathay General Bancorp (NASDAQ:CATY) rating on Tuesday, January 30. RBC Capital Markets has “Buy” rating and $50.0 target. The rating was maintained by BMO Capital Markets on Monday, December 18 with “Hold”. The rating was upgraded by Wedbush on Wednesday, May 2 to “Outperform”. On Thursday, March 29 the stock rating was maintained by Sandler O’Neill with “Hold”. The stock of Cathay General Bancorp (NASDAQ:CATY) has “Hold” rating given on Friday, March 23 by BMO Capital Markets. The stock of Cathay General Bancorp (NASDAQ:CATY) has “Hold” rating given on Monday, January 8 by SunTrust. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, April 18 report. On Wednesday, April 18 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, February 26. Keefe Bruyette & Woods maintained the shares of CATY in report on Thursday, December 21 with “Hold” rating.

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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