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

June 27, 2018 - By Michael Higginson

Cathay General Bancorp (NASDAQ:CATY) Corporate Logo
During 2018 Q1 the big money sentiment decreased to 1.09. That’s change of 0.14, from 2017Q4’s 1.23. 12 investors sold all, 69 reduced holdings as Cathay General Bancorp ratio fall. 63 grew stakes while 25 funds bought stakes. Funds hold 53.71 million shares thus 0.82% more from 2017Q4’s 53.28 million shares.
Ameritas Prns invested 0.06% of its capital in Cathay General Bancorp (NASDAQ:CATY). American Century Inc has 120,490 shs. Cubist Systematic Strategies Ltd Liability Corp accumulated 13,395 shs or 0.03% of the stock. Martingale Asset Mgmt L P owns 40,556 shs. Public Employees Retirement Systems Of Ohio owns 75,483 shs. Profund Limited Liability Company reported 0.02% stake. Teachers Retirement Of The State Of Kentucky holds 0.01% or 15,012 shs in its capital. Goldman Sachs Grp invested in 372,458 shs. Ny State Teachers Retirement System reported 166,102 shs. First Quadrant L P Ca owns 65,400 shs for 0.05% of their capital. Oregon Employees Retirement Fund has invested 0.02% in Cathay General Bancorp (NASDAQ:CATY). Raymond James & Assocs holds 0% or 14,530 shs. 4,377 are owned by Ls Invest Advsr. Blackrock Incorporated holds 0.02% of its capital in Cathay General Bancorp (NASDAQ:CATY) for 9.27 million shs. Apg Asset Nv stated it has 0.02% in Cathay General Bancorp (NASDAQ:CATY).

Cathay General Bancorp had 7 insider sales and 0 insider buys since February 2, 2018. This’s net activity of $5.04 million. Another trade for 33,045 shs valued at $1.47M was sold by WU PETER. 26,667 shs valued at $1.09M were sold by CHENG DUNSON K on Thursday, April 26. On Wednesday, June 6 WONG IRWIN sold $275,587 worth of Cathay General Bancorp (NASDAQ:CATY).

Cathay General Bancorp (NASDAQ:CATY) is expected to publish earnings on July, 18., RTT reports. earnings per share of $0.89 is 39.06 % up from 2017’s $0.64 EPS. If CATY’s EPS is $0.89 the profit will be $72.30 million for 11.65 P/E. 14.10 % EPS growth is what analysts predict. $0.78 earnings per share was announced for last quarter. Ticker’s shares touched $41.47 during the last trading session after 0.77% change.Cathay General Bancorp has volume of 21,167 shares. Since June 27, 2017 CATY has risen 16.04% and is uptrending. CATY outperformed the S&P 500 by 3.47%.

Cathay General Bancorp (NASDAQ:CATY) Ratings Coverage

In total 8 analysts cover Cathay General Bancorp (NASDAQ:CATY). “Buy” rating has 3, “Sell” are 0, while 5 are “Hold”. (NASDAQ:CATY) has 38% bullish analysts. 14 are the (NASDAQ:CATY)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Wednesday, April 18 the stock of Cathay General Bancorp (NASDAQ:CATY) earned “Buy” rating by RBC Capital Markets. On Monday, February 26 the stock of Cathay General Bancorp (NASDAQ:CATY) earned “Hold” rating by Keefe Bruyette & Woods. The stock rating was maintained by Sandler O’Neill with “Hold” on Thursday, March 29. In Thursday, January 4 report Sandler O’Neill maintained it with “Hold” rating and $45.0 target. In Tuesday, January 30 report RBC Capital Markets maintained the stock with “Buy” rating. On Friday, March 23 BMO Capital Markets maintained Cathay General Bancorp (NASDAQ:CATY) rating. BMO Capital Markets has “Hold” rating and $5000 target. On Wednesday, April 18 the rating was maintained by Piper Jaffray with “Buy”. On Wednesday, May 2 Wedbush upgraded the shares of CATY in report to “Outperform” rating. On Monday, January 8 SunTrust maintained the shares of CATY in report with “Hold” rating. On Wednesday, January 31 the stock of Cathay General Bancorp (NASDAQ:CATY) earned “Hold” rating by Sandler O’Neill.

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 worth $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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