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

September 17, 2017 - By Michael Collier

 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.
Natixis owns 5,706 shares. Great Lakes Lc reported 68,258 shares or 0.07% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% in Cathay General Bancorp (NASDAQ:CATY). 1832 Asset L P stated it has 0.06% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Creative Planning stated it has 0% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Blackrock Advisors Llc holds 0% in Cathay General Bancorp (NASDAQ:CATY) or 39,406 shares. Morgan Stanley holds 0% or 398,192 shares. Fmr Ltd Co has invested 0.03% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Connor Clark & Lunn Investment Management Ltd invested in 0% or 15,100 shares. Moreover, Goldman Sachs Group Inc Inc Inc has 0% invested in Cathay General Bancorp (NASDAQ:CATY) for 386,784 shares. Los Angeles Cap And Equity Rech stated it has 0% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). State Teachers Retirement Systems reported 0.02% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Guggenheim Capital Limited Liability Com, a Illinois-based fund reported 86,303 shares. California State Teachers Retirement System, California-based fund reported 153,145 shares. First Citizens Bank & Trust, North Carolina-based fund reported 8,872 shares.

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

Wall Street await Cathay General Bancorp (NASDAQ:CATY) to release earnings on October, 18. Analysts forecast earnings per share of $0.60, up exactly $0.02 or 3.45 % from 2014’s $0.58 EPS. The expected CATY’s profit could reach $48.54 million giving the stock 15.25 P/E in the case that $0.60 earnings per share is reported. After posting $0.64 EPS for the previous quarter, Cathay General Bancorp’s analysts now forecast -6.25 % negative 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 Monday, July 10 by Piper Jaffray. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, January 21 report. As per Wednesday, July 22, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of CATY in report on Thursday, September 7 with “Buy” rating. As per Monday, July 24, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Market Perform” rating by Wood given on Monday, July 11. The rating was upgraded by PiperJaffray on Thursday, February 2 to “Overweight”. BMO Capital Markets maintained Cathay General Bancorp (NASDAQ:CATY) on Friday, July 7 with “Buy” rating. DA Davidson maintained the shares of CATY in report on Thursday, April 21 with “Neutral” rating. The firm has “Buy” rating given on Friday, September 1 by Piper Jaffray.

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: Nasdaq.com which released: “Ex-Dividend Reminder: Northern Trust, Washington Prime Group and Cathay …” on August 28, 2017, also Seekingalpha.com with their article: “Cathay General Bancorp’s (CATY) CEO Pin Tai on Q1 2017 Results – Earnings Call …” published on April 20, 2017, Seekingalpha.com published: “Cathay General Bancorp’s (CATY) CEO Pin Tai on Q4 2016 Results – Earnings Call …” on January 26, 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 Q2 2017 Results – Earnings Call …” published on July 20, 2017 as well as Reuters.com‘s news article titled: “Sinopac sale of US unit to Cathay General at risk as deadline approaches” with publication date: June 16, 2017.

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