Cathay General Bancorp (CATY) Analysts See $0.80 EPS; John Hancock Income Securities Trust Has 1.13 Sentiment

March 20, 2018 - By Jonathan Benavides

Analysts expect Cathay General Bancorp (NASDAQ:CATY) to report $0.80 EPS on April, 18.They anticipate $0.19 EPS change or 31.15% from last quarter’s $0.61 EPS. CATY’s profit would be $64.89 million giving it 13.31 P/E if the $0.80 EPS is correct. After having $0.61 EPS previously, Cathay General Bancorp’s analysts see 31.15% EPS growth. The stock decreased 0.51% or $0.22 during the last trading session, reaching $42.58. About 247,558 shares traded. Cathay General Bancorp (NASDAQ:CATY) has risen 23.23% since March 20, 2017 and is uptrending. It has outperformed by 6.53% the S&P500.

The stock increased 0.03% or $0.0038 during the last trading session, reaching $14.0438. About 6,073 shares traded. John Hancock Income Securities Trust (JHS) has risen 2.55% since March 20, 2017 and is uptrending. It has underperformed by 14.15% the S&P500.

Among 10 analysts covering Cathay Bancorp (NASDAQ:CATY), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Cathay Bancorp had 28 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $36 target in Wednesday, July 22 report. On Tuesday, January 30 the stock rating was maintained by RBC Capital Markets with “Buy”. BMO Capital Markets maintained Cathay General Bancorp (NASDAQ:CATY) on Tuesday, January 30 with “Hold” rating. Keefe Bruyette & Woods maintained Cathay General Bancorp (NASDAQ:CATY) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $44.0 target. PiperJaffray upgraded the stock to “Overweight” rating in Thursday, February 2 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, July 24 report. The rating was upgraded by Piper Jaffray to “Overweight” on Thursday, February 2. The company was maintained on Monday, December 18 by BMO Capital Markets. The rating was maintained by BMO Capital Markets on Friday, November 3 with “Outperform”. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, January 4.

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 19.62 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.

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.49, from 1.72 in 2017Q2. It worsened, as 17 investors sold Cathay General Bancorp shares while 48 reduced holdings. 34 funds opened positions while 78 raised stakes. 53.66 million shares or 1.31% less from 54.37 million shares in 2017Q2 were reported. Employees Retirement Of Texas stated it has 85,000 shares or 0.04% of all its holdings. Congress Asset Ma stated it has 0.06% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Martingale Asset Lp holds 0.03% or 57,355 shares in its portfolio. Utd Serv Automobile Association stated it has 46,200 shares. Indexiq Advisors Ltd Liability Corp, a New York-based fund reported 23,004 shares. Massachusetts-based Massachusetts Financial Services Ma has invested 0.01% in Cathay General Bancorp (NASDAQ:CATY). Century Inc invested in 459,019 shares or 0.02% of the stock. Dimensional Fund L P accumulated 3.83M shares or 0.07% of the stock. Sei reported 0.01% stake. Tower Rech Cap Limited Liability Co (Trc) reported 8,282 shares. Advantus Cap holds 0.01% of its portfolio in Cathay General Bancorp (NASDAQ:CATY) for 9,601 shares. Goldman Sachs owns 345,379 shares. Price T Rowe Assoc Md holds 0% or 30,166 shares in its portfolio. State Treasurer State Of Michigan has 0.01% invested in Cathay General Bancorp (NASDAQ:CATY) for 28,600 shares. Paradigm Asset Management Com Ltd Liability Com has invested 0.12% in Cathay General Bancorp (NASDAQ:CATY).

Since December 11, 2017, it had 0 buys, and 5 insider sales for $4.84 million activity. Shares for $169,906 were sold by BINGHAM KIM R. 33,045 Cathay General Bancorp (NASDAQ:CATY) shares with value of $1.47 million were sold by WU PETER. $2.12 million worth of stock was sold by CHENG DUNSON K on Monday, December 11.

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