Cathay General Bancorp (CATY) Position Decreased by California Public Employees Retirement System

17 Juillet, 2017, 15:46 | Author: Claudine Rigal

$100 million of the consideration was deferred and will be released within one year based on the timing of the subsequent merger of FENB and Cathay Bank and 10% of the consideration was held back and will be released over a period of three years. The stock increased 1.93% or $0.87 during the last trading session, reaching $45.91. Cathay General Bancorp (NASDAQ:CATY) has risen 23.23% since July 14, 2016 and is uptrending. It has outperformed by 77.52% the S&P500. The dividend was $0.210 per share for the quarter or $0.84 annualized. Therefore 63% are positive. The firm has "Buy" rating by Roth Capital given on Monday, October 31.

Several equities analysts recently commented on the stock. The stock of Ducommun Incorporated (NYSE:DCO) earned "Buy" rating by Canaccord Genuity on Wednesday, June 21. The rating was upgraded by Argus Research on Tuesday, August 11 to "Hold". The firm earned "Outperform" rating on Friday, July 8 by Wedbush. As per Tuesday, July 21, the company rating was initiated by Stephens. The 50 day moving average moved down $-0.09 whereas the 200 day average was down by -1.40%. 24 funds opened positions while 37 raised stakes. Piper Jaffray Companies cut their price objective on shares of Cathay General Bancorp from $43.00 to $42.00 and set an overweight rating on the stock in a report on Monday, April 17th. Systematic Fincl Ltd Partnership holds 243,690 shares.

Press coverage about Cathay General Bancorp (NASDAQ:CATY) has been trending somewhat negative this week, according to Accern. 309,928 are owned by Rothschild Asset Mgmt. Moreover, Metropolitan Life Ins Ny has 0.03% invested in Cathay General Bancorp (NASDAQ:CATY) for 117,554 shares. California Public Employees Retirement System owned 0.21% of Cathay General Bancorp worth $6,394,000 at the end of the most recent quarter. Cathay General Bancorp now has $3.00B valuation. Federated Investors Inc Pa accumulated 0.01% or 68,365 shares. Standard General Lp sold 871,599 shares as the company's stock 0.00%. State Of Tennessee Treasury Department invested in 0.02% or 80,000 shares. 3,500 Cathay General Bancorp (NASDAQ:CATY) shares with value of $137,109 were sold by LEE PATRICK. 386,784 were accumulated by Goldman Sachs Grp Inc. Therefore 75% are positive. Cathay Bancorp had 9 analyst reports since July 22, 2015 according to SRatingsIntel. As per Thursday, November 5, the company rating was maintained by FBR Capital. The rating was upgraded by Monness Crespi & Hardt on Monday, June 6 to "Buy". April 27 investment analysts at Keefe Bruyette & Woods kept the stock rating at "Market Perform" and raised the price expectation from $28.00 to $30.00. The company was maintained on Wednesday, July 22 by RBC Capital Markets.

Analysts expect Cathay General Bancorp (NASDAQ:CATY) to report $0.60 EPS on July, 19.They anticipate $0.16 EPS change or 36.36 % from last quarter's $0.44 EPS. More interesting news about GrubHub Inc (NYSE:GRUB) were released by: Barrons.com and their article: "GrubHub Drops 5%: The Next Candidate To Be 'Amazoned, ' Says Morgan Stanley" published on June 26, 2017 as well as Investorplace.com's news article titled: "Why GrubHub Inc (GRUB) Stock Is a No-Go Right Now" with publication date: June 29, 2017. LIU TING Y sold $507,520 worth of stock or 13,000 shares. It also increased its holding in Spdr S&P 500 Etf Tr (Call) (SPY) by 2.29 million shares in the quarter, for a total of 10.79M shares, and has risen its stake in Autodesk Inc (Call) (NASDAQ:ADSK).

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In other news, Vice Chairman Anthony M. Tang sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, June 8th.

Since January 1, 0001, it had 0 buys, and 3 sales for $124,220 activity. Delaware-based Blackrock Advsrs Lc has invested 0% in Cathay General Bancorp (NASDAQ:CATY). $943,561 worth of Cathay General Bancorp (NASDAQ:CATY) shares were sold by CHENG DUNSON K. During the same quarter in the previous year, the firm earned $0.57 earnings per share. CATY's profit would be $47.21 million giving it 15.62 P/E if the $0.60 EPS is correct. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01.

Analysts await GrubHub Inc (NYSE:GRUB) to report earnings on July, 27. It has underperformed by 5.55% the S&P500. Luxor Capital Group Lp sold 2.81M shares as the company's stock rose 15.35% with the market. The Company's divisions include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. It has a 78.97 P/E ratio.

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