Cathay General Bancorp (NASDAQ:CATY) CFO Heng W. Chen sold 22,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $35.24, for a total value of $775,280.00. Following the sale, the chief financial officer now directly owns 73,940 shares of the company’s stock, valued at approximately $2,605,645.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cathay General Bancorp (NASDAQ:CATY) traded up 0.86% on Thursday, reaching $35.20. The company’s stock had a trading volume of 103,715 shares. Cathay General Bancorp has a 52-week low of $25.62 and a 52-week high of $36.19. The stock’s 50 day moving average price is $30.85 and its 200 day moving average price is $30.21. The firm has a market cap of $2776.93 billion, a PE ratio of 16.84 and a beta of 1.12.

Cathay General Bancorp (NASDAQ:CATY) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.01. Cathay General Bancorp had a return on equity of 9.58% and a net margin of 32.24%. During the same period in the previous year, the firm posted $0.47 earnings per share. Equities research analysts expect that Cathay General Bancorp will post $2.19 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Cathay General Bancorp (NASDAQ:CATY)

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its position in Cathay General Bancorp by 11.1% in the second quarter. GSA Capital Partners LLP now owns 10,800 shares of the company’s stock valued at $305,000 after buying an additional 1,081 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Cathay General Bancorp by 55,673.3% in the second quarter. BNP Paribas Arbitrage SA now owns 33,464 shares of the company’s stock worth $944,000 after buying an additional 33,404 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Cathay General Bancorp by 16.7% in the first quarter. BlackRock Group LTD now owns 63,717 shares of the company’s stock worth $1,805,000 after buying an additional 9,119 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Cathay General Bancorp during the second quarter worth approximately $333,000. Finally, Airain ltd purchased a new position in shares of Cathay General Bancorp during the second quarter worth approximately $327,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut Cathay General Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Cathay General Bancorp currently has an average rating of “Hold” and an average price target of $33.00.

About Cathay General Bancorp

Cathay General Bancorp is a bank holding company. The Company holds Cathay Bank, a California state-chartered commercial bank (the Bank); approximately seven limited partnerships investing in affordable housing investments, in which the Bank is the sole limited partner; GBC Venture Capital, Inc, and Asia Realty Corp.

5 Day Chart for NASDAQ:CATY

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