Analysts See $0.89 EPS for Cathay General Bancorp (CATY) as of July, 18

June 27, 2018 - By Gwen Gough

Cathay General Bancorp (NASDAQ:CATY) Corporate Logo
Big Money Sentiment decreased to 1.09 in 2018 Q1. It has change of 0.14, from 2017Q4’s 1.23. The ratio worsened due to Cathay General Bancorp positioning: 12 sold and 69 reduced. 25 funds acquired positions and 63 increased positions. Investors holded 53.28 million in 2017Q4 but now own 53.71 million shares or 0.82% more.
98,418 were accumulated by Natl Bank Of Montreal Can. Moreover, Oregon Pub Employees Retirement Fund has 0.02% invested in Cathay General Bancorp (NASDAQ:CATY). Pinebridge Invests L P invested in 0.01% or 8,824 shs. Loomis Sayles & Com L P has invested 0.04% in Cathay General Bancorp (NASDAQ:CATY). Raymond James Assocs holds 14,530 shs. Profund Advisors Lc holds 14,705 shs. Invesco Limited holds 1.57 million shs or 0.02% of its capital. Nuveen Asset Mngmt stated it has 0.26% in Cathay General Bancorp (NASDAQ:CATY). Ftb Advsrs holds 0% or 792 shs. Foundry Prtnrs Limited Liability Corp invested 0.06% in Cathay General Bancorp (NASDAQ:CATY). Qs Invsts Ltd Liability Company has invested 0.02% in Cathay General Bancorp (NASDAQ:CATY). First Citizens Retail Bank Com stated it has 0.04% in Cathay General Bancorp (NASDAQ:CATY). Sei reported 72,884 shs stake. Proshare Advsrs Ltd Liability holds 0.01% in Cathay General Bancorp (NASDAQ:CATY) or 27,329 shs. Credit Suisse Ag reported 99,004 shs.

Cathay General Bancorp registered $5.04 million net activity with 0 buys and 7 selling transactions since February 2, 2018. Another trade for 25,000 shs valued at $1.04M was made by CHENG DUNSON K on Tuesday, February 13. WONG IRWIN sold $275,587 worth of Cathay General Bancorp (NASDAQ:CATY) or 6,409 shs on Wednesday, June 6. On Thursday, March 8 1,000 shs were sold by BINGHAM KIM R, worth $43,400.

Cathay General Bancorp (NASDAQ:CATY) is expected to publish earnings on July, 18., Faxor reports. Analysts predict $0.89 EPS. That’s $0.25 up or 39.06 % from 2017’s earnings of $0.64. CATY’s profit could hit $72.30 million with 11.65 P/E in case $0.89 EPS is revealed. Analysts at Wall Street see Cathay General Bancorp’s 14.10 % EPS growth compared to $0.78 EPS for previous quarter. The stock decreased 0.77% or $0.32 during the last trading session, reaching $41.47.Cathay General Bancorp has volume of 21,167 shares. Since June 27, 2017 CATY has risen 16.04% and is uptrending. CATY outperformed by 3.47% the S&P500.

Cathay General Bancorp (NASDAQ:CATY) Ratings Coverage

Total analysts of 8 have positions in Cathay General Bancorp (NASDAQ:CATY) as follows: 3 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 38%. Since January 4, 2018 according to StockzIntelligence Inc Cathay General Bancorp has 14 analyst reports. On Monday, February 26 Keefe Bruyette & Woods maintained Cathay General Bancorp (NASDAQ:CATY) rating. Keefe Bruyette & Woods has “Hold” rating and $45.0 target. On Thursday, January 4 the stock of Cathay General Bancorp (NASDAQ:CATY) earned “Hold” rating by Sandler O’Neill. The company rating was maintained by Sandler O’Neill on Thursday, March 29. On Wednesday, January 31 the stock of Cathay General Bancorp (NASDAQ:CATY) has “Hold” rating given by Sandler O’Neill. On Wednesday, April 18 the company was maintained by Keefe Bruyette & Woods. On Wednesday, May 2 the rating was upgraded by Wedbush to “Outperform”. In Wednesday, April 18 report RBC Capital Markets maintained it with “Buy” rating and $4800 target. On Friday, March 23 the rating was maintained by BMO Capital Markets with “Hold”. On Wednesday, April 18 the rating was maintained by Piper Jaffray with “Buy”. The company rating was maintained by BMO Capital Markets on Wednesday, April 18.

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 $3.37 billion market cap. It offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposits, individual retirement accounts, and public funds deposits.17.71 is the 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 Investors Chart

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