Highland Capital Management LP Has Raised Its Pacific Continental (PCBK) Stake; Cathay General Bancorp (CATY) Covered By 3 Bulls

December 7, 2017 - By Ellis Scott

Among 9 analysts covering Cathay Bancorp (NASDAQ:CATY), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Cathay Bancorp had 20 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Neutral” rating by DA Davidson on Thursday, April 21. The firm earned “Overweight” rating on Thursday, February 2 by Piper Jaffray. On Friday, November 3 the stock rating was maintained by BMO Capital Markets with “Outperform”. On Thursday, February 2 the stock rating was upgraded by PiperJaffray to “Overweight”. Keefe Bruyette & Woods maintained it with “Hold” rating and $37.0 target in Monday, September 25 report. The stock has “Buy” rating by Piper Jaffray on Thursday, October 5. As per Monday, July 24, the company rating was maintained by Keefe Bruyette & Woods. On Thursday, November 30 the stock rating was downgraded by BMO Capital Markets to “Hold”. RBC Capital Markets maintained Cathay General Bancorp (NASDAQ:CATY) on Thursday, October 26 with “Buy” rating. The stock of Cathay General Bancorp (NASDAQ:CATY) has “Outperform” rating given on Thursday, January 21 by RBC Capital Markets. See Cathay General Bancorp (NASDAQ:CATY) latest ratings:

30/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $45.0 Downgrade
28/11/2017 Broker: SunTrust Rating: Hold New Target: $46.0 Maintain
03/11/2017 Broker: BMO Capital Markets Rating: Outperform Old Target: $44 New Target: $45 Maintain
26/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $45.0 Maintain
05/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $43.0 Maintain
03/10/2017 Broker: BMO Capital Markets Rating: Buy New Target: $44.0 Maintain
25/09/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $37.0 Maintain
07/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $43.0 Maintain
01/09/2017 Broker: Piper Jaffray Rating: Buy New Target: $43.0 Maintain
18/08/2017 Broker: SunTrust Rating: Hold New Target: $39 Initiates Coverage On

Highland Capital Management Lp increased Pacific Continental Corp (PCBK) stake by 40.12% reported in 2017Q2 SEC filing. Highland Capital Management Lp acquired 34,064 shares as Pacific Continental Corp (PCBK)’s stock declined 6.80%. The Highland Capital Management Lp holds 118,968 shares with $3.04M value, up from 84,904 last quarter. Pacific Continental Corp now has $637.63 million valuation. It closed at $28 lastly. It is up 47.15% since December 7, 2016 and is uptrending. It has outperformed by 30.45% the S&P500.

Investors sentiment increased to 1.43 in Q2 2017. Its up 0.13, from 1.3 in 2017Q1. It increased, as 18 investors sold Cathay General Bancorp shares while 54 reduced holdings. 25 funds opened positions while 78 raised stakes. 54.37 million shares or 1.13% more from 53.76 million shares in 2017Q1 were reported. Laurion Capital Limited Partnership holds 0% or 18,100 shares in its portfolio. Los Angeles Cap Management And Equity holds 19,343 shares or 0% of its portfolio. Bancorp Of Montreal Can owns 76,154 shares. Comml Bank Of Ny Mellon Corporation accumulated 0.02% or 1.46M shares. Hgk Asset Inc stated it has 0.08% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Howe & Rusling Inc owns 75 shares for 0% of their portfolio. Opus Capital Grp invested in 0.85% or 114,282 shares. Ls Inv Advisors Limited Liability Corporation, Michigan-based fund reported 5,935 shares. Alps Advisors accumulated 0% or 12,271 shares. Intl Gru Inc stated it has 0.03% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Shell Asset Mgmt Co holds 0.02% or 25,857 shares. Great Lakes Advsr Lc stated it has 0.09% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Northern invested in 2.45M shares. Wedge Mgmt L Limited Partnership Nc reported 0.17% in Cathay General Bancorp (NASDAQ:CATY). Liberty Mutual Gru Asset Mngmt owns 30,603 shares.

Cathay General Bancorp operates as the holding firm for Cathay Bank that offers various commercial banking services and products to individuals, professionals, and small to medium-sized businesses in the United States. The company has market cap of $3.46 billion. It offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposits, individual retirement accounts, and public funds deposits. It has a 17.61 P/E ratio. The companyÂ’s loan portfolio consists of commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for automobile, household, and other consumer expenditures.

The stock decreased 0.16% or $0.07 during the last trading session, reaching $42.8. About 393,411 shares traded or 1.73% up from the average. Cathay General Bancorp (NASDAQ:CATY) has risen 23.23% since December 7, 2016 and is uptrending. It has outperformed by 6.53% the S&P500.

Among 3 analysts covering Pacific Continental (NASDAQ:PCBK), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Pacific Continental had 9 analyst reports since October 16, 2015 according to SRatingsIntel. Raymond James upgraded Pacific Continental Corporation (NASDAQ:PCBK) rating on Friday, May 13. Raymond James has “Outperform” rating and $18 target. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, June 26. The firm earned “Outperform” rating on Thursday, January 12 by Raymond James. The stock of Pacific Continental Corporation (NASDAQ:PCBK) earned “Market Perform” rating by FIG Partners on Tuesday, January 31. The firm earned “Outperform” rating on Friday, October 16 by FIG Partners. The stock of Pacific Continental Corporation (NASDAQ:PCBK) has “Mkt Perform” rating given on Thursday, December 17 by Raymond James. Keefe Bruyette & Woods downgraded the stock to “Mkt Perform” rating in Wednesday, January 11 report. Keefe Bruyette & Woods upgraded the shares of PCBK in report on Friday, January 22 to “Outperform” rating. On Tuesday, August 8 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

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