Cathay General Bancorp stock performance trend indicates that the stock price has rallied 2.82% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 28.01% . Looking at the past 52 week period, the stock price is up at 38% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Cathay General Bancorp has a positive value of 19.4 compared to overall market.Cathay General Bancorp is having a Relative Strength Index of 57.06 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Cathay General Bancorp (NASDAQ:CATY) rallied by 2.26% during the past week but lost 0.05% on a 4-week basis. The company has outperformed the S&P 500 by 2.02% in the past week but underperformed the index by 1.19% in the last 4 weeks.
Company shares have received an average consensus rating of Hold for the current week Cathay General Bancorp (NASDAQ:CATY) : On Friday heightened volatility was witnessed in Cathay General Bancorp (NASDAQ:CATY) which led to swings in the share price. The stock opened for trading at $39.19 and hit $39.63 on the upside , eventually ending the session at $39.4, with a gain of 0.13% or 0.05 points. The heightened volatility saw the trading volume jump to 1,288,508 shares. The 52-week high of the share price is $40.83 and the company has a market cap of $3,137 million. The 52-week low of the share price is at $26.27 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Cathay General Bancorp was Upgraded by Piper Jaffray to Overweight on Feb 2, 2017.
Company has reported several Insider transactions to the SEC, on Mar 8, 2017, Dunson K Cheng (Executive Chairman) sold 37,555 shares at 39.26 per share price.On Mar 8, 2017, Patrick Lee (director) sold 3,500 shares at 39.17 per share price.On Mar 3, 2017, Kim R Bingham (EVP – Chief Risk Officer) sold 10,000 shares at 39.50 per share price.
Cathay General Bancorp Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.60 EPS for the quarter. Analyst had a consensus estimate of $0.60. The company had revenue of $117.86 million for the quarter, compared to analysts expectations of $114.48 million. The companys revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
Cathay General Bancorp is the one-bank holding company for Cathay Bank, a California state-chartered bank. Cathay Bank offers a wide range of financial services. Cathay Bank currently operates branches in California, New York State, Massachusetts, Houston, Texas, Washington State, and representative offices in Hong Kong and Shanghai, China. In addition, Cathay Banks subsidiaries, Cathay Investment Company and GBC Investment & Consulting Company, Inc., each maintain an office in Taipei.