Cathay General Bancorp (CATY) EPS Estimated At $0.60

July 14, 2017 - By Vivian Currie

 Cathay General Bancorp (CATY) EPS Estimated At $0.60
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.
Tiaa Cref Tru Fsb Mo invested in 0.01% or 34,692 shares. Ls Advsr Lc has invested 0.01% in Cathay General Bancorp (NASDAQ:CATY). Loomis Sayles And Limited Partnership stated it has 0.06% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Pinebridge Invs L P, a New York-based fund reported 40,441 shares. Employees Retirement Association Of Colorado accumulated 0.11% or 346,486 shares. State Street, a Massachusetts-based fund reported 3.34 million shares. Wells Fargo & Co Mn accumulated 0.01% or 403,148 shares. Nordea Mngmt has invested 0.01% in Cathay General Bancorp (NASDAQ:CATY). Bradley Foster Sargent Ct invested 0.02% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Fmr Ltd Limited Liability Company holds 0.03% or 5.01 million shares in its portfolio. Campbell & Inv Adviser Lc stated it has 1.15% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Alliancebernstein L P has invested 0.01% in Cathay General Bancorp (NASDAQ:CATY). Blackrock Invest Lc has invested 0.02% in Cathay General Bancorp (NASDAQ:CATY). Blackrock Advsrs Ltd Limited Liability Company holds 0% in Cathay General Bancorp (NASDAQ:CATY) or 39,406 shares. Prudential Fincl Inc holds 601,859 shares.

Since January 30, 2017, it had 0 buys, and 9 selling transactions for $11.58 million activity. Shares for $507,520 were sold by LIU TING Y. Another trade for 24,240 shares valued at $943,561 was made by CHENG DUNSON K on Thursday, February 16. TANG ANTHONY M had sold 50,000 shares worth $1.90 million on Thursday, June 8. On Monday, January 30 WU PETER sold $1.82 million worth of Cathay General Bancorp (NASDAQ:CATY) or 50,000 shares. The insider BINGHAM KIM R sold $395,000. Another trade for 3,500 shares valued at $137,109 was made by LEE PATRICK on Tuesday, March 7.

Investors wait Cathay General Bancorp (NASDAQ:CATY) to report on July, 19. its quarterly earnings Wall Street analysts expect $0.60 EPS, up $0.16 or 36.36 % from last year’s $0.44 same quarter earnings. This translates into $47.98M profit for CATY giving the stock a 15.68 P/E. This is assuming the current $0.60 EPS is accurate. Cathay General Bancorp’s Wall Street analysts see -1.64 % negative EPS growth, taking into account the $0.61 EPS reproted in the previous quarter, The stock increased 0.24% or $0.09 during the last trading session, reaching $37.64. About shares traded. Cathay General Bancorp (NASDAQ:CATY) has risen 23.23% since July 14, 2016 and is uptrending. It has outperformed by 6.53% the S&P500.

Cathay General Bancorp (NASDAQ:CATY) Ratings Coverage

Among 7 analysts covering Cathay Bancorp (NASDAQ:CATY), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Cathay Bancorp has $4500 highest and $32 lowest target. $37.33’s average target is -0.82% below currents $37.64 stock price. Cathay Bancorp had 9 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, February 2 by PiperJaffray. The rating was maintained by RBC Capital Markets on Thursday, January 21 with “Outperform”. The firm earned “Market Perform” rating on Monday, July 11 by Wood. The firm has “Buy” rating by BMO Capital Markets given on Friday, July 7. The firm earned “Outperform” rating on Wednesday, July 22 by RBC Capital Markets. DA Davidson maintained the shares of CATY in report on Thursday, April 21 with “Neutral” rating. The firm has “Buy” rating by Piper Jaffray given on Monday, July 10. The firm has “Overweight” rating given on Thursday, February 2 by Piper Jaffray.

Cathay General Bancorp is a bank holding company. The company has market cap of $3.01 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 16.92 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: Reuters.com which released: “Fed approves Cathay General Bank buyout of SinoPac Bancorp” on March 20, 2017, also Prnewswire.com with their article: “Cathay General Bancorp Announces Extension of End Date for SinoPac Bancorp …” published on June 26, 2017, Bizjournals.com published: “​Cathay General Bancorp’s longtime CEO to retire” on August 19, 2016. More interesting news about Cathay General Bancorp (NASDAQ:CATY) were released by: Prnewswire.com and their article: “Cathay General Bancorp to Announce Second Quarter 2017 Financial Results” published on July 10, 2017 as well as Prnewswire.com‘s news article titled: “Cathay General Bancorp Announces Agreement To Acquire SinoPac Bancorp” with publication date: July 08, 2016.

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