Cathay General Bancorp (CATY) Earning Somewhat Positive Press Coverage, Report Shows

Media headlines about Cathay General Bancorp (NASDAQ:CATY) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cathay General Bancorp earned a news impact score of 0.21 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.8578831151625 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

CATY has been the subject of a number of research reports. BidaskClub cut Cathay General Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Wedbush reaffirmed a “neutral” rating and issued a $39.00 price objective on shares of Cathay General Bancorp in a research note on Tuesday, June 27th. Piper Jaffray Companies reissued a “buy” rating and set a $42.00 target price on shares of Cathay General Bancorp in a research note on Wednesday, July 12th. Royal Bank Of Canada boosted their target price on Cathay General Bancorp from $35.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Finally, Zacks Investment Research raised Cathay General Bancorp from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.57.

Cathay General Bancorp (NASDAQ CATY) opened at 40.67 on Tuesday. The firm has a market capitalization of $3.29 billion, a PE ratio of 16.74 and a beta of 1.30. The company’s 50-day moving average price is $37.91 and its 200 day moving average price is $37.49. Cathay General Bancorp has a 1-year low of $28.84 and a 1-year high of $41.11.

Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. Cathay General Bancorp had a return on equity of 10.54% and a net margin of 35.30%. The company had revenue of $123.50 million for the quarter, compared to analyst estimates of $129.10 million. During the same period last year, the company posted $0.44 earnings per share. On average, equities analysts anticipate that Cathay General Bancorp will post $2.45 EPS for the current year.

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CATY has been the subject of a number of research reports. BidaskClub cut Cathay General Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Wedbush reaffirmed a “neutral” rating and issued a $39.00 price objective on shares of Cathay General Bancorp in a research note on Tuesday, June 27th. Piper Jaffray Companies reissued a “buy” rating and set a $42.00 target price on shares of Cathay General Bancorp in a research note on Wednesday, July 12th. Royal Bank Of Canada boosted their target price on Cathay General Bancorp from $35.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Finally, Zacks Investment Research raised Cathay General Bancorp from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.57.

Cathay General Bancorp (NASDAQ CATY) opened at 40.67 on Tuesday. The firm has a market capitalization of $3.29 billion, a PE ratio of 16.74 and a beta of 1.30. The company’s 50-day moving average price is $37.91 and its 200 day moving average price is $37.49. Cathay General Bancorp has a 1-year low of $28.84 and a 1-year high of $41.11.

Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. Cathay General Bancorp had a return on equity of 10.54% and a net margin of 35.30%. The company had revenue of $123.50 million for the quarter, compared to analyst estimates of $129.10 million. During the same period last year, the company posted $0.44 earnings per share. On average, equities analysts anticipate that Cathay General Bancorp will post $2.45 EPS for the current year.

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Cathay General Bancorp Company Profile

Cathay General Bancorp is a bank holding company. The Company holds Cathay Bank, a California state-chartered commercial bank (the Bank); seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc, and Asia Realty Corp. The Company also owns the common stock of five statutory business trusts created for issuing capital securities.

Insider Buying and Selling by Quarter for Cathay General Bancorp (NASDAQ:CATY)

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