First Midwest Bank Trust Division Raised Its Cummins (CMI) Position, Last Week Cathay General Bancorp (CATY) Coverage

July 18, 2017 - By Maria Brooks

Among 7 analysts covering Cathay Bancorp (NASDAQ:CATY), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Cathay Bancorp had 9 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of CATY in report on Wednesday, July 22 with “Outperform” rating. BMO Capital Markets maintained it with “Buy” rating and $4500 target in Friday, July 7 report. PiperJaffray upgraded the shares of CATY in report on Thursday, February 2 to “Overweight” rating. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, January 21. Piper Jaffray upgraded the shares of CATY in report on Thursday, February 2 to “Overweight” rating. The stock has “Neutral” rating by DA Davidson on Thursday, April 21. The firm earned “Market Perform” rating on Monday, July 11 by Wood. Piper Jaffray maintained the shares of CATY in report on Monday, July 10 with “Buy” rating. See Cathay General Bancorp (NASDAQ:CATY) latest ratings:

10/07/2017 Broker: Piper Jaffray Rating: Buy New Target: $42.0000 Maintain
07/07/2017 Broker: BMO Capital Markets Rating: Buy New Target: $45.0000 Maintain
28/06/2017 Broker: Wedbush Rating: Neutral New Target: $39 Initiates Coverage On
02/02/2017 Broker: PiperJaffray Old Rating: Neutral New Rating: Overweight Upgrade
02/02/2017 Broker: Piper Jaffray Old Rating: Neutral New Rating: Overweight Upgrade

First Midwest Bank Trust Division increased Cummins Inc (CMI) stake by 89.49% reported in 2016Q4 SEC filing. First Midwest Bank Trust Division acquired 9,715 shares as Cummins Inc (CMI)’s stock rose 1.30%. The First Midwest Bank Trust Division holds 20,571 shares with $2.81 million value, up from 10,856 last quarter. Cummins Inc now has $27.95B valuation. The stock increased 0.20% or $0.33 on July 17, reaching $166.14. About shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since July 18, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

Since April 28, 2017, it had 0 buys, and 7 sales for $8.52 million activity. HERMAN ALEXIS M had sold 1,300 shares worth $206,911 on Wednesday, May 10. NELSON GEORGIA R also sold $169,527 worth of Cummins Inc. (NYSE:CMI) shares. 6,540 shares were sold by CHAPMAN STEVEN M, worth $1.07M on Tuesday, May 2. Shares for $2.30M were sold by Ward Pat. Satterthwaite Tony had sold 4,000 shares worth $604,139. 1,650 Cummins Inc. (NYSE:CMI) shares with value of $259,878 were sold by Talaulicar Anant. 24,000 Cummins Inc. (NYSE:CMI) shares with value of $3.91 million were sold by LINEBARGER NORMAN THOMAS.

Among 24 analysts covering Cummins (NYSE:CMI), 5 have Buy rating, 3 Sell and 16 Hold. Therefore 21% are positive. Cummins had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, June 15 by Stifel Nicolaus. Barclays Capital maintained Cummins Inc. (NYSE:CMI) on Wednesday, October 12 with “Underweight” rating. Barclays Capital upgraded Cummins Inc. (NYSE:CMI) on Monday, January 9 to “Equal Weight” rating. As per Monday, November 7, the company rating was upgraded by Evercore. Macquarie Research maintained it with “Outperform” rating and $118 target in Wednesday, October 28 report. The firm earned “Buy” rating on Thursday, January 19 by Longbow. The stock of Cummins Inc. (NYSE:CMI) has “Outperform” rating given on Friday, February 5 by Macquarie Research. The company was maintained on Monday, June 5 by RBC Capital Markets. The stock of Cummins Inc. (NYSE:CMI) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, March 15. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, November 2.

First Midwest Bank Trust Division decreased Pioneer Nat Res Co (NYSE:PXD) stake by 6,230 shares to 4,270 valued at $769,000 in 2016Q4. It also reduced U S Silica Hldgs Inc (NYSE:SLCA) stake by 22,416 shares and now owns 44,772 shares. Public Storage (NYSE:PSA) was reduced too.

Investors sentiment decreased to 1.06 in 2016 Q4. Its down 0.01, from 1.07 in 2016Q3. It dropped, as 44 investors sold CMI shares while 270 reduced holdings. 92 funds opened positions while 242 raised stakes. 129.92 million shares or 0.10% less from 130.04 million shares in 2016Q3 were reported. Sg Americas Secs Limited Liability Company, New York-based fund reported 234,160 shares. Blackrock Grp Limited stated it has 1.61 million shares or 0.1% of all its holdings. Susquehanna Grp Llp accumulated 3,166 shares or 0% of the stock. First Commonwealth Corp Pa reported 6,862 shares. Clearbridge Investments Ltd Llc holds 365 shares. Wedge Mngmt L Ltd Partnership Nc reported 172,635 shares. 51,453 were accumulated by Welch Forbes Limited Company. Amp Cap Invsts reported 0.13% stake. Ifc Inc Fl invested in 8,999 shares or 0.12% of the stock. Bedrijfstakpensioenfonds Voor De Media Pno reported 7,500 shares. Raymond James Trust Na reported 3,326 shares. Gideon Inc holds 0.47% of its portfolio in Cummins Inc. (NYSE:CMI) for 5,435 shares. Teacher Retirement Systems Of Texas reported 0.33% stake. 74 were reported by Integrated Wealth Counsel Limited Liability Company. Blackrock Fund Advisors invested 0.08% of its portfolio in Cummins Inc. (NYSE:CMI).

Since January 30, 2017, it had 0 buys, and 9 sales for $11.58 million activity. $943,561 worth of Cathay General Bancorp (NASDAQ:CATY) was sold by CHENG DUNSON K on Thursday, February 16. WU PETER sold $1.82M worth of stock. Shares for $1.90M were sold by TANG ANTHONY M. $507,520 worth of Cathay General Bancorp (NASDAQ:CATY) was sold by LIU TING Y. On Monday, February 27 BINGHAM KIM R sold $395,000 worth of Cathay General Bancorp (NASDAQ:CATY) or 10,000 shares. $137,109 worth of Cathay General Bancorp (NASDAQ:CATY) was sold by LEE PATRICK.

The stock increased 0.30% or $0.11 during the last trading session, reaching $37.37. About shares traded. Cathay General Bancorp (NASDAQ:CATY) has risen 23.23% since July 18, 2016 and is uptrending. It has outperformed by 6.53% the S&P500.

Investors sentiment increased to 1.4 in 2016 Q4. Its up 0.34, from 1.06 in 2016Q3. It improved, as 20 investors sold Cathay General Bancorp shares while 53 reduced holdings. 25 funds opened positions while 77 raised stakes. 53.27 million shares or 1.63% more from 52.41 million shares in 2016Q3 were reported. Us National Bank De holds 0% or 1,951 shares in its portfolio. Great Lakes Limited Liability stated it has 0.07% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Oregon Public Employees Retirement Fund stated it has 0.02% of its portfolio in Cathay General Bancorp (NASDAQ:CATY). Trexquant Invest Limited Partnership owns 13,100 shares or 0.08% of their US portfolio. Shell Asset Mngmt accumulated 27,667 shares. Commonwealth Equity holds 0.01% or 18,209 shares in its portfolio. The Texas-based Texas Permanent School Fund has invested 0.03% in Cathay General Bancorp (NASDAQ:CATY). 4.05 million are owned by Dimensional Fund Advisors L P. Crestpoint Management Ltd reported 20,900 shares stake. Tiaa Cref Trust Fsb Mo reported 0.01% in Cathay General Bancorp (NASDAQ:CATY). 120 were accumulated by Kanaly Tru. Boston Advisors stated it has 136,345 shares or 0.12% of all its holdings. Bessemer Group holds 3,381 shares or 0% of its portfolio. Northern invested in 0.02% or 2.14 million shares. California-based Fuller Thaler Asset Mgmt has invested 0% in Cathay General Bancorp (NASDAQ:CATY).

Cathay General Bancorp is a bank holding company. The company has market cap of $2.95 billion. The Firm holds Cathay Bank, a California state-chartered commercial bank ; seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc., and Asia Realty Corp. It has a 16.8 P/E ratio. The Firm also owns the common stock of five statutory business trusts created for issuing capital securities.

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