2 weeks Ago By Defense World Staff
Wells Fargo & Company MN raised its position in Cathay General Bancorp (NASDAQ:CATY – Free Report) by 27.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,179 shares of the bank’s stock after purchasing an additional 9,403 shares during the quarter.
Wells Fargo & Company MN owned about 0.06% of Cathay General Bancorp worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds also recently made changes to their positions in CATY.
Nomura Asset Management Co. Ltd. increased its position in Cathay General Bancorp by 63.
5% in the 4th quarter. Nomura Asset Management Co. Ltd.
now owns 850 shares of the bank’s stock valued at $40,000 after acquiring an additional 330 shares during the period. Physician Wealth Advisors Inc. bought a new position in shares of Cathay General Bancorp in the fourth quarter worth $55,000.
Venturi Wealth Management LLC acquired a new position in shares of Cathay General Bancorp during the fourth quarter valued at $82,000. Smartleaf Asset Management LLC raised its stake in shares of Cathay General Bancorp by 189.8% during the fourth 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Cathay General Bancorp by 42.9% in the fourth quarter.
GAMMA Investing LLC now owns 2,188 shares of the bank’s stock worth $104,000 after purchasing an additional 657 shares during the period. Institutional investors own 75.01% of the company’s stock.
Cathay General Bancorp Stock Down 1.1 %NASDAQ CATY opened at $42.19 on Friday.
Cathay General Bancorp has a 12 month low of $34.42 and a 12 month high of $55.29.
The company has a market capitalization of $2.95 billion, a P/E ratio of 10.65 and a beta of 0.
99. The company’s 50 day simple moving average is $42.39 and its 200 day simple moving average is $46.
25. 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 (NASDAQ:CATY – Get Free Report) last posted its quarterly earnings results on Monday, April 21st.
The bank reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.
03. The company had revenue of $187.84 million for the quarter, compared to analysts’ expectations of $186.
17 million. Cathay General Bancorp had a return on equity of 10.70% and a net margin of 20.
57%. During the same quarter in the prior year, the company earned $1.05 earnings per share.
Equities research analysts expect that Cathay General Bancorp will post 4.47 earnings per share for the current fiscal year. Cathay General Bancorp Announces DividendThe business also recently declared a quarterly dividend, which was paid on Monday, March 10th.
Investors of record on Thursday, February 27th were given a $0.34 dividend. The ex-dividend date was Thursday, February 27th.
This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.22%.
Cathay General Bancorp’s dividend payout ratio (DPR) is 34.34%. Analyst Ratings ChangesSeveral research firms have commented on CATY.
Keefe, Bruyette & Woods lowered their target price on shares of Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, January 23rd.
Piper Sandler dropped their target price 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.
Finally, Stephens reaffirmed an “overweight” rating and set a $51.00 price target on shares of Cathay General Bancorp in a research note on Tuesday. One 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 stock.
According to data from MarketBeat.com, Cathay General Bancorp currently has an average rating of “Hold” and a consensus target price of $49.60.
Read Our Latest Research Report on CATYAbout 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 ArticlesFive stocks we like better than Cathay General BancorpHow Can Retail Investors Trade the Toronto Stock Exchange (TSX)?Short Sellers Gave Up on These 3 Names RecentlyWhat is a Death Cross in Stocks?3 Boring Stocks Outperforming the Market This YearValue Investing: Is it a Good Strategy in 2022? (Hint: Always)If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
