EPS for Cathay General Bancorp (CATY) forecasted at $0.89

June 27, 2018 - By Anthony Rauscher

Cathay General Bancorp (NASDAQ:CATY) Corporate Logo
Big Money Sentiment decreased to 1.09 in Q1 2018. It has change of 0.14, from 2017Q4’s 1.23. The ratio dived due to Cathay General Bancorp positioning: 12 sold and 69 reduced. 25 funds took positions and 63 increased positions. Investors holded 53.28 million in 2017Q4 but now own 53.71 million shares or 0.82% more.
Alpine Woods Llc, New York-based fund reported 66,565 shs. Smithfield Trust reported 100 shs. Koch Industry reported 13,039 shs. Paradigm Asset Mgmt Ltd Limited Liability Company reported 0% of its capital in Cathay General Bancorp (NASDAQ:CATY). Gemmer Asset Management Ltd Company stated it has 160 shs or 0% of all its holdings. Nordea Investment Mgmt Ab reported 144,800 shs. Hillcrest Asset Mngmt Lc holds 1.9% of its capital in Cathay General Bancorp (NASDAQ:CATY) for 236,223 shs. Bradley Foster & Sargent Incorporated Ct holds 12,204 shs or 0.02% of its capital. Royal Financial Bank Of Canada owns 76,133 shs. Assetmark holds 0% in Cathay General Bancorp (NASDAQ:CATY) or 1,451 shs. Bessemer Gp reported 3,094 shs. Envestnet Asset Mngmt invested 0% in Cathay General Bancorp (NASDAQ:CATY). Citadel Advisors Limited Liability Co holds 55,735 shs. Blackrock stated it has 0.02% of its capital in Cathay General Bancorp (NASDAQ:CATY). Jpmorgan Chase And Communication reported 0.01% of its capital in Cathay General Bancorp (NASDAQ:CATY).

Cathay General Bancorp had 7 sales and 0 buys since February 2, 2018. This’s net activity of $5.04 million. WONG IRWIN sold $275,587 worth of stock or 6,409 shs. The insider CHENG DUNSON K sold 25,000 shs worth $1.04M. The insider BINGHAM KIM R sold 1,000 shs worth $43,400.

Cathay General Bancorp (NASDAQ:CATY)’s earnings report is awaited on July, 18., according to Zacks. Analysts expect change of 39.06 % or $0.25 from previous year’s $0.64 EPS compared to current’s $0.89 EPS. If the current EPS of $0.89 is accurate, CATY’s profit could hit $72.30 million. 14.10 % EPS growth is what Wall Street’s sees after $0.78 reported EPS previous quarter. Ticker’s shares touched $41.47 during the last trading session after 0.77% change.Currently Cathay General Bancorp is uptrending after 16.04% change in last June 27, 2017. CATY has also 21,167 shares volume. CATY outperformed the S&P 500 by 3.47%.

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

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 firm is valued at $3.37 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.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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