Cathay General Bancorp (CATY) Analysts See $0.89 EPS

June 13, 2018 - By Michael Collier

Cathay General Bancorp (NASDAQ:CATY) LogoInvestors sentiment decreased to 1.09 in Q1 2018. 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.
13,395 were accumulated by Cubist Systematic Strategies Ltd Limited Liability Company. Great West Life Assurance Can reported 42,868 shares or 0% of all its holdings. Price T Rowe Associate Md reported 30,304 shares. Moreover, Bogle Invest Ltd Partnership De has 0.02% invested in Cathay General Bancorp (NASDAQ:CATY). 446,947 are held by Schwab Charles Investment. Northern Tru Corporation has 0.03% invested in Cathay General Bancorp (NASDAQ:CATY). Fmr Ltd Liability Corporation holds 752,920 shares or 0% of its portfolio. Metropolitan Life Insur holds 0% or 44,128 shares in its portfolio. 35,615 were reported by Sterling Limited Com. Amer Century Companies holds 120,490 shares. Oregon Employees Retirement Fund holds 0.02% or 28,980 shares in its portfolio. Jacobs Levy Equity Mgmt has invested 0.03% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Macquarie Grp Limited holds 4,450 shares. Alps Inc holds 11,125 shares or 0% of its portfolio. Zeke Ltd Com stated it has 5,284 shares or 0.02% of all its holdings.

Since February 2, 2018, it had 0 insider buys, and 7 selling transactions for $5.04 million activity. WU PETER also sold $1.47M worth of Cathay General Bancorp (NASDAQ:CATY) shares. BINGHAM KIM R sold 1,000 shares worth $43,400. 6,409 shares were sold by WONG IRWIN, worth $275,587 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 $72.31 million 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 decreased 0.16% or $0.07 during the last trading session, reaching $42.56. About 397,998 shares traded. Cathay General Bancorp (NASDAQ:CATY) has risen 16.04% since June 14, 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 firm has “Hold” rating by BMO Capital Markets given on Monday, December 18. On Thursday, January 4 the stock rating was maintained by Sandler O’Neill with “Hold”. SunTrust maintained the shares of CATY in report on Monday, January 8 with “Hold” rating. The stock of Cathay General Bancorp (NASDAQ:CATY) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The company was upgraded on Wednesday, May 2 by Wedbush. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Buy” rating by RBC Capital Markets on Tuesday, January 30. The company was maintained on Wednesday, January 31 by Sandler O’Neill. RBC Capital Markets maintained Cathay General Bancorp (NASDAQ:CATY) on Wednesday, April 18 with “Buy” rating. The rating was maintained by BMO Capital Markets on Friday, March 23 with “Hold”. The rating was maintained by BMO Capital Markets on Tuesday, January 30 with “Hold”.

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 18.17 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.

Another recent and important Cathay General Bancorp (NASDAQ:CATY) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in Meritage, AllianceBernstein Holding, Viper Energy Partners LP, Huron …” on May 21, 2018.

Cathay General Bancorp (NASDAQ:CATY) Institutional Positions Chart

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