WINTON GROUP Ltd acquired a new stake in Cathay General Bancorp (NASDAQ:CATY – Get Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,569 shares of the bank’s stock, valued at approximately $296,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. M&T Bank Corp raised its stake in Cathay General Bancorp by 1.1% in the first quarter. M&T Bank Corp now owns 22,544 shares of the bank’s stock valued at $1,010,000 after buying an additional 255 shares during the period. Willner & Heller LLC raised its stake in Cathay General Bancorp by 0.8% in the second quarter. Willner & Heller LLC now owns 45,533 shares of the bank’s stock valued at $1,783,000 after buying an additional 348 shares during the period. Victory Capital Management Inc. raised its stake in Cathay General Bancorp by 0.6% in the second quarter. Victory Capital Management Inc. now owns 60,244 shares of the bank’s stock valued at $2,359,000 after buying an additional 374 shares during the period. Strs Ohio raised its stake in Cathay General Bancorp by 6.8% in the second quarter. Strs Ohio now owns 6,300 shares of the bank’s stock valued at $246,000 after buying an additional 400 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in Cathay General Bancorp by 7.3% in the first quarter. Crossmark Global Holdings Inc. now owns 6,170 shares of the bank’s stock valued at $276,000 after buying an additional 420 shares during the period. Institutional investors own 69.26% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on CATY shares. Stephens dropped their price objective on Cathay General Bancorp to $44.00 in a research note on Tuesday, July 26th. DA Davidson increased their target price on Cathay General Bancorp to $47.00 in a research note on Thursday, October 27th. Finally, StockNews.com upgraded Cathay General Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, November 11th.
Insider Buying and Selling
Cathay General Bancorp Price Performance
Shares of NASDAQ CATY opened at $45.19 on Monday. The firm has a market cap of $3.36 billion, a P/E ratio of 10.04 and a beta of 1.16. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21. Cathay General Bancorp has a 1-year low of $37.37 and a 1-year high of $48.88. The business’s 50 day moving average is $42.74 and its 200-day moving average is $41.53.
Cathay General Bancorp (NASDAQ:CATY – Get Rating) last issued its quarterly earnings results on Monday, October 24th. The bank reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.06. The business had revenue of $205.41 million for the quarter, compared to the consensus estimate of $205.26 million. Cathay General Bancorp had a return on equity of 13.93% and a net margin of 41.20%. The firm’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 earnings per share. Equities research analysts predict that Cathay General Bancorp will post 4.91 earnings per share for the current year.
Cathay General Bancorp Profile
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits.
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