1 week Ago By Defense World Staff
Sei Investments Co. lifted its position in Cathay General Bancorp ( NASDAQ:CATY – Free Report ) by 31.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 14,674 shares of the bank’s stock after buying an additional 3,490 shares during the period. Sei Investments Co.’s holdings in Cathay General Bancorp were worth $699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of CATY. American Century Companies Inc. boosted its position in Cathay General Bancorp by 5.
2% in the fourth quarter. American Century Companies Inc. now owns 1,471,066 shares of the bank’s stock worth $70,037,000 after purchasing an additional 72,532 shares during the last quarter.
Xponance Inc. bought a new position in shares of Cathay General Bancorp in the 4th quarter worth approximately $239,000. Intech Investment Management LLC boosted its holdings in shares of Cathay General Bancorp by 191.
4% in the fourth quarter. Intech Investment Management LLC now owns 35,558 shares of the bank’s stock worth $1,693,000 after buying an additional 23,356 shares during the last quarter. Cibc World Markets Corp bought a new stake in Cathay General Bancorp during the fourth quarter valued at approximately $310,000.
Finally, Royce & Associates LP grew its position in Cathay General Bancorp by 10.3% during the fourth quarter. Royce & Associates LP now owns 54,489 shares of the bank’s stock valued at $2,594,000 after buying an additional 5,069 shares during the period.
Institutional investors own 75.01% of the company’s stock. Analysts Set New Price Targets Several research analysts have recently weighed in on the stock.
Stephens dropped their price target 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 lowered their target price on Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating on the stock in a research report on Thursday, January 23rd.
Finally, Piper Sandler cut their price target on Cathay General Bancorp from $45.00 to $43.00 and set an “underweight” rating for the company in a report on Monday, January 27th.
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Cathay General Bancorp currently has a consensus rating of “Hold” and an average price target of $50.80.
Cathay General Bancorp Price Performance NASDAQ:CATY opened at $37.66 on Wednesday. The company has a debt-to-equity ratio of 0.
07, a current ratio of 1.03 and a quick ratio of 1.03.
Cathay General Bancorp has a 1 year low of $33.88 and a 1 year high of $55.29.
The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 9.51 and a beta of 0.
99. The business has a 50 day simple moving average of $44.44 and a 200-day simple moving average of $46.
57. Cathay General Bancorp ( NASDAQ:CATY – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.
12 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02.
Cathay General Bancorp had a net margin of 20.57% and a return on equity of 10.70%.
Equities analysts forecast that Cathay General Bancorp will post 4.47 EPS for the current year. Cathay General Bancorp Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th.
Investors of record on Thursday, February 27th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 27th.
This represents a $1.36 annualized dividend and a dividend yield of 3.61%.
Cathay General Bancorp’s dividend payout ratio (DPR) is presently 34.34%. Cathay General Bancorp Profile ( 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 Five stocks we like better than Cathay General Bancorp What is the Dogs of the Dow Strategy? Overview and Examples Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential Following Congress Stock Trades Qualcomm Breaks Down But RSI Signals It’s Severely Oversold What to Know About Investing in Penny Stocks Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy Receive News & Ratings for Cathay General Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cathay General Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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