Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cathay General Bancorp (CATY) Share Price
News articles about Cathay General Bancorp (NASDAQ:CATY) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cathay General Bancorp earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 44.8087377377355 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Cathay General Bancorp Getting Closer To Key Technical Measure (finance.yahoo.com)
- Cathay General Bancorp to Announce Fourth Quarter and Year-End 2017 Financial Results (finance.yahoo.com)
- FY2018 EPS Estimates for Cathay General Bancorp (CATY) Increased by Analyst (americanbankingnews.com)
- Cathay General Bancorp (CATY) Lowered to “Hold” at ValuEngine (americanbankingnews.com)
- SunTrust Banks Comments on Cathay General Bancorp’s Q1 2018 Earnings (CATY) (americanbankingnews.com)
Cathay General Bancorp (NASDAQ CATY) opened at $44.70 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $3,610.00, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.94 and a beta of 1.35. Cathay General Bancorp has a one year low of $34.00 and a one year high of $45.54.
CATY has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Cathay General Bancorp from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Cathay General Bancorp from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Monday, October 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $44.00 price target on shares of Cathay General Bancorp in a research note on Friday, December 22nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $43.00 price target on shares of Cathay General Bancorp in a research note on Friday, October 6th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $44.50.
In other Cathay General Bancorp news, COO Irwin Wong sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $43.10, for a total value of $431,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dunson K. Cheng sold 50,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $42.45, for a total value of $2,122,500.00. Following the completion of the transaction, the insider now directly owns 119,591 shares in the company, valued at approximately $5,076,637.95. The disclosure for this sale can be found here. In the last three months, insiders sold 66,059 shares of company stock worth $2,807,978. Insiders own 5.76% of the company’s stock.
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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.
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