Cathay General Bancorp (CATY) EPS Estimated At $0.89

June 14, 2018 - By Hazel Jackson

Cathay General Bancorp (NASDAQ:CATY) LogoInvestors sentiment decreased to 1.09 in 2018 Q1. Its down 0.14, from 1.23 in 2017Q4. It dropped, 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.
Dreman Value Mngmt L L C owns 0.02% invested in Cathay General Bancorp (NASDAQ:CATY) for 892 shares. Piermont owns 43,960 shares. Shelton Cap Management holds 5,662 shares. Connecticut-based Matarin Cap Management has invested 0% in Cathay General Bancorp (NASDAQ:CATY). Prelude Cap Ltd Liability Co has 0.01% invested in Cathay General Bancorp (NASDAQ:CATY) for 2,480 shares. Dupont Capital Mgmt Corporation holds 2,488 shares. Quantbot L P holds 0.03% in Cathay General Bancorp (NASDAQ:CATY) or 7,925 shares. Congress Asset Com Ma reported 116,572 shares or 0.07% of all its holdings. Teachers Retirement Sys Of The State Of Kentucky owns 15,012 shares. Ubs Asset Americas holds 0% or 58,756 shares. 1.10M were reported by Ameriprise. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 4,598 shares. Canada Pension Plan Investment Board holds 66,200 shares. Bessemer Inc invested 0% in Cathay General Bancorp (NASDAQ:CATY). Acadian Asset Management Lc owns 625 shares for 0% of their portfolio.

Since February 2, 2018, it had 0 insider buys, and 7 sales for $5.04 million activity. 23,333 shares valued at $961,217 were sold by CHENG DUNSON K on Friday, May 4. $1.47 million worth of stock was sold by WU PETER on Friday, February 2. The insider WONG IRWIN sold $275,587.

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

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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