1 week Ago By ABMN Staff
Sei Investments Co. increased its stake in shares of Cathay General Bancorp ( NASDAQ:CATY – Free Report ) by 31.2% during the 4th quarter, Holdings Channel reports.
The fund owned 14,674 shares of the bank’s stock after purchasing an additional 3,490 shares during the quarter. Sei Investments Co.’s holdings in Cathay General Bancorp were worth $699,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC acquired a new stake in shares of Cathay General Bancorp during the 4th quarter worth approximately $82,000. Smartleaf Asset Management LLC lifted its stake in shares of Cathay General Bancorp by 189.
8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,794 shares of the bank’s stock valued at $86,000 after purchasing an additional 1,175 shares during the period. GAMMA Investing LLC boosted its holdings in Cathay General Bancorp by 42.
9% during the fourth quarter. GAMMA Investing LLC now owns 2,188 shares of the bank’s stock worth $104,000 after buying an additional 657 shares in the last quarter. KBC Group NV grew its position in Cathay General Bancorp by 68.
5% during the fourth quarter. KBC Group NV now owns 3,730 shares of the bank’s stock valued at $178,000 after buying an additional 1,517 shares during the period. Finally, Xponance Inc.
purchased a new position in Cathay General Bancorp in the fourth quarter valued at $239,000. 75.01% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Several research firms have recently issued reports on CATY. Stephens lowered their target price on shares of Cathay General Bancorp from $60.00 to $57.
00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their price target on Cathay General Bancorp from $56.00 to $55.
00 and set a “market perform” rating for the company in a report on Thursday, January 23rd. Finally, Piper Sandler dropped their price objective on Cathay General Bancorp from $45.00 to $43.
00 and set an “underweight” rating on the stock in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.
com, Cathay General Bancorp presently has an average rating of “Hold” and an average target price of $50.80. Cathay General Bancorp Trading Down 0.
5 % Shares of Cathay General Bancorp stock opened at $37.66 on Wednesday. Cathay General Bancorp has a twelve month low of $33.
88 and a twelve month high of $55.29. The firm’s 50-day moving average price is $44.
44 and its 200 day moving average price is $46.57. The company has a current ratio of 1.
03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07.
The firm has a market capitalization of $2.65 billion, a PE ratio of 9.51 and a beta of 0.
99. Cathay General Bancorp ( NASDAQ:CATY – Get Free Report ) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.
12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02.
Cathay General Bancorp had a return on equity of 10.70% and a net margin of 20.57%.
On average, sell-side analysts predict that Cathay General Bancorp will post 4.47 EPS for the current fiscal year. Cathay General Bancorp Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th.
Stockholders of record on Thursday, February 27th were given a $0.34 dividend. This represents a $1.
36 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, February 27th.
Cathay General Bancorp’s dividend payout ratio (DPR) is 34.34%. About Cathay General Bancorp ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding CATY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cathay General Bancorp ( NASDAQ:CATY – Free Report ).
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