SG Americas Securities LLC reduced its stake in Cathay General Bancorp (NASDAQ:CATY – Get Rating) by 62.6% in the third quarter, according to its latest Form 13F filed with the Securities and Exchange Commission (SEC). The company owned his 8,623 shares of bank stock after selling his 14,457 shares during the quarter. SG Americas Securities LLC’s Cathay General Bancorp holdings were valued at $332,000 at the end of the most recent reporting period.
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Other hedge funds and other institutional investors have also increased or decreased their stakes in the company recently. Parallel Advisors LLC boosted his position at Cathay General Bancorp by 91.6% in the second quarter. After purchasing an additional 511 shares during this period, Parallel Advisors LLC now owns 1,069 bank shares worth $42,000. Nisa Investment Advisors LLC increased its Cathay General Bancorp stock position by 490.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,180 bank shares worth $46,000 after acquiring an additional 980 shares during this period. Covestor Ltd increased its position in Cathay General Bancorp shares by 73.5% in the first quarter. Covestor Ltd now owns 1,157 bank shares valued at $52,000 after acquiring an additional 490 shares during this period. Point72 Hong Kong Ltd purchased new shares in Cathay General Bancorp worth approximately $54,000 in the second quarter. Finally, Quantbot Technologies LP boosted its Cathay General Bancorp stock position by 2,569.6% in the second quarter. Quantbot Technologies LP now owns 2,723 bank shares worth $106,000 after acquiring an additional 2,621 shares during this period. 67.15% of the shares are owned by institutional investors.
insider bet
In other Cathay General Bancorp news, Vice Chairman Anthony M. Tan sold 10,000 shares of the business in a transaction on Friday 9 December. The shares were sold at an average price of $43.24 and the total transaction value he was $432,400.00. Following the closing of the transaction, insiders now own 213,964 shares of the Company’s stock valued at $9,251,803.36. The sale was disclosed in legal filings with the SEC that can be accessed via this hyperlink. In other news, Vice Chairman Peter Wu sold 2,905 shares in the company in a transaction that occurred on Wednesday, November 9th. The shares sold at an average price of $45.05, giving him a total of $130,870.25. Following the closing of the transaction, insiders now own 392,347 shares of the Company’s stock valued at $17,675,232.35. The transaction was disclosed in legal filings with the Securities and Exchange Commission which can be accessed at this link. Vice Chairman Anthony M. Tan also sold 10,000 shares in the company in a transaction that took place on Friday, December 9. The shares were sold at an average price of $43.24 for a total of $432,400.00. Following the closing of the transaction, insiders now directly own 213,964 shares of the Company’s stock valued at approximately $9,251,803.36. Please see here for the disclosure of this sale. In the past 90 days, the insider has sold 17,905 shares of his company stock worth $790,170. 4.30% of the shares are currently owned by corporate insiders.
Cathay General Bancorp stock gains 0.6%
CATY shares opened at $42.23 on Friday. The company has a market capitalization of $3.14 billion, a PE ratio of 8.71, and a beta of 1.17. His 50-day simple moving average for this business is $42.64 and his 200-day simple moving average is $42.52. Cathay General Bancorp has a 52-week low of $37.37 and a 52-week high of $48.88. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt to equity ratio of 0.25.
Cathay General Bancorp (NASDAQ:CATY – Get Rating) last reported results on Wednesday, January 25. The bank reported EPS of $1.33 for the quarter, missing his $1.39 ($0.06) consensus estimate. The business earned $213.9 million in revenue for the quarter, while analysts estimated he made $217.67 million. Cathay General Bancorp’s return on equity was 14.80% and net profit margin was 39.71%. The company’s revenue increased by 22.0% compared to the same quarter last year. The year-ago quarter posted EPS of $0.98. Sell-side analysts expect Cathay General Bancorp to post his 5.35 EPS for the current financial year.
Cathay General Bancorp dividend announcement
The company recently announced a quarterly dividend, which was paid out on Friday, December 9th. Shareholders of record on Tuesday, November 29 were paid a dividend of $0.34 per share. This represents his $1.36 dividend and his 3.22% yield on an annualized basis. The ex-dividend date was Monday, November 28. Cathay General Bancorp payout percentage he is 28.04%.
Wall Street Analyst Predicts Growth
CATY has been the subject of many recent research reports. Piper Sandler cut his price target on Cathay General Bancorp stock to $46.00 from his $47.00, setting the company’s rating to “neutral” in a research report on Thursday. DA Davidson raised his price target on Cathay General Bancorp stock to $47.00 in a research report on Thursday, Oct. 27. Stephens raised his price target for Cathay General Bancorp from $43.00 to his $44.00 in Thursday’s research notes. Finally, StockNews.com downgraded Cathay General Bancorp’s rating from ‘buy’ to ‘hold’ in its research note on Tuesday, November 22nd.
About Cathay General Bancorp
(get rating)
Cathay General Bancorp is a holding company engaged in the provision of financial services. We offer commercial mortgage loans, commercial loans, small business management loans, residential mortgage loans, real estate construction loans, home equity credit lines, and personal installment loans for auto, household and other consumer spending. increase.
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