What analyst predict for Cathay General Bancorp NASDAQ:CATY?
Cathay General Bancorp NASDAQ:CATY
Cathay General Bancorp is stock market daily expected to report earnings on 04/18/2018 after market close. The report will be for the fiscal Quarter ending Mar 2018. According to Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.79. The reported EPS for the same quarter last year was $0.61.
Overview of Cathay General Bancorp NASDAQ:CATY
Cathay Bank first opened in 1962 in Los Angeles’ Chinatown as the first Sino-American bank in Southern California. In 1979 it opened its first branch office in Monterey Park. Its first overseas representative office in Hong Kong was opened in 1985.
In 1999, Cathay expanded beyond California by opening a loan production office in Houston, Texas, which was converted to a full service branch in 2000. Expansion to New York occurred in 1999 with the acquisition of certain assets of Golden City Commercial Bank.
In 2003, branch offices were opened in Boston, Massachusetts, and Kent, Washington. Cathay merged with General Bank in 2003. In 2006, Cathay prevailed in a bidding war with United Commercial Bank to acquire Great Eastern Bank. Cathay also acquired New Asia Bank in 2006.
Cathay Bank in Chinatown, Boston.
On March 31, 2006, announced plans to acquire a 20% stake in First Sino Bank, but the deal fell through due to the companies failing to get approval from the Chinese government.On March 30, 2007, Cathay expanded into New Jersey when it completed its acquisition of United Heritage Bank.
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