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Cathay General Bancorp (CATY) Stock Rating Lowered by BidaskClub

17 July 2017, 03:49 | Terri Saunders

Founded in 1992, Bank SinoPac is a Taiwan-based bank holding company, with total assets of $50bn and serving over 2.5 million customers throughout Asia and North America from over 200 service locations. The stock declined 0.86% or $0.28 reaching $32.2 on the news. It has outperformed by 6.53% the S&P500. The dividend was $0.210 per share for the quarter or $0.84 annualized. Therefore 60% are positive. Cambrex Corp had 5 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating by Jefferies given on Thursday, April 13. The stock of Cambrex Corporation (NYSE:CBM) has "Overweight" rating given on Tuesday, January 17 by First Analysis. Crown Holdings Inc (NYSE:CCK) was raised too. The rating was upgraded by Argus Research on Tuesday, August 11 to "Hold". The stock of GrubHub Inc (NYSE:GRUB) earned "Neutral" rating by Monness Crespi on Friday, July 29. As per Tuesday, July 21, the company rating was initiated by Stephens.

Investors sentiment decreased to 0.92 in 2016 Q4. Its up 0.34, from 1.06 in 2016Q3.

Cathay General Bancorp (NASDAQ:CATY) was downgraded by investment analysts at BidaskClub from a "hold" rating to a "sell" rating in a research note issued on Sunday. 25 funds opened positions while 77 raised stakes. Finally, Piper Jaffray Companies reaffirmed a "buy" rating and issued a $42.00 target price on shares of Cathay General Bancorp in a research note on Wednesday. Systematic Fincl Ltd Partnership holds 243,690 shares. Texas-based Texas Permanent School Fund has invested 0.03% in Cathay General Bancorp (NASDAQ:CATY). 309,928 are owned by Rothschild Asset Mgmt.

Cathay General Bancorp, launched on March 1, 1990, is a bank holding company. Retirement Systems of Alabama boosted its stake in Cathay General Bancorp by 0.9% in the first quarter. Natixis stated it has 0% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). The stock decreased 1.15% or $0.15 during the last trading session, reaching $12.85. Legal General Gp Public Ltd Liability Co reported 37,951 shares. Institutional investors own 68.15% of the company's stock. Russell Investments Group Ltd. bought a new position in Cathay General Bancorp during the fourth quarter worth approximately $230,000. 386,784 were accumulated by Goldman Sachs Grp Inc. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Therefore 100% are positive. Cathay Bancorp had 9 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Wednesday, July 22 by RBC Capital Markets. The firm has "Buy" rating given on Friday, July 7 by BMO Capital Markets. The company was upgraded on Thursday, February 2 by Piper Jaffray. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, July 22.

Analysts await Cathay General Bancorp (NASDAQ:CATY) to report earnings on July, 19.

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01/26/2015 - Cathay General Bancorp had its "neutral" rating reiterated by analysts at Sterne Agee. As per Monday, September 14, the company rating was maintained by DA Davidson. 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. HEISER JAMES S sold $175,842 worth of stock. 50,000 shares were sold by TANG ANTHONY M, worth $1.93 million on Friday, February 10.

Since January 1, 0001, it had 0 buys, and 3 sales for $124,220 activity. $395,000 worth of Cathay General Bancorp (NASDAQ:CATY) was sold by BINGHAM KIM R on Monday, February 27. $943,561 worth of Cathay General Bancorp (NASDAQ:CATY) shares were sold by CHENG DUNSON K. In the latest earnings report the EPS was $2.23 and is projected to be $2.39 for the current year with 79,833,000 shares presently outstanding. NGS's profit will be $912,778 for 90.89 P/E if the $0.07 EPS becomes a reality. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.60 by $0.01. About shares traded. GrubHub Inc (NYSE:GRUB) has risen 94.22% since July 14, 2016 and is uptrending. It has underperformed by 23.05% the S&P500.

Orbital ATK, Inc.is an aerospace and defense systems firm and supplier of related products to the United States Government, allied nations, prime contractors and other customers.

The company now has a P/E ratio of 16.71 and market capitalization is 2.97B. It has a 16.92 P/E ratio.

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