Cathay General Bancorp (CATY) Receives Daily Media Impact Score of 0.20

News headlines about Cathay General Bancorp (NASDAQ:CATY) have trended somewhat positive on Friday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cathay General Bancorp earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 44.7925669907308 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of brokerages have recently issued reports on CATY. BidaskClub upgraded shares of Cathay General Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Cathay General Bancorp from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Friday, January 5th. Piper Jaffray Companies reiterated a “buy” rating and set a $51.00 target price on shares of Cathay General Bancorp in a research report on Tuesday, January 9th. ValuEngine lowered shares of Cathay General Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $45.00 target price on shares of Cathay General Bancorp in a research report on Thursday, January 4th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $44.50.

Cathay General Bancorp (NASDAQ CATY) opened at $44.08 on Friday. Cathay General Bancorp has a twelve month low of $34.00 and a twelve month high of $45.54. The firm has a market cap of $3,563.35, a P/E ratio of 17.92, a P/E/G ratio of 1.93 and a beta of 1.35. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.37.

Cathay General Bancorp (NASDAQ:CATY) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cathay General Bancorp had a net margin of 33.87% and a return on equity of 10.60%. The business had revenue of $146.20 million for the quarter, compared to analyst estimates of $135.27 million. During the same period in the prior year, the business posted $0.58 earnings per share. Cathay General Bancorp’s revenue was up 29.8% compared to the same quarter last year. equities analysts predict that Cathay General Bancorp will post 2.49 EPS for the current fiscal year.

In related news, COO Irwin Wong sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $43.10, for a total value of $431,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Dunson K. Cheng sold 50,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $42.45, for a total transaction of $2,122,500.00. Following the completion of the transaction, the insider now owns 119,591 shares in the company, valued at $5,076,637.95. The disclosure for this sale can be found here. Insiders sold 66,059 shares of company stock worth $2,807,978 over the last 90 days. 5.76% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Cathay General Bancorp (CATY) Receives Daily Media Impact Score of 0.20” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://sportsperspectives.com/2018/01/19/cathay-general-bancorp-caty-receives-daily-media-impact-score-of-0-20.html.

About Cathay General Bancorp

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)

Receive News & Ratings for Cathay General Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cathay General Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply