State of Alaska Department of Revenue Sells 11,320 Shares of Cathay General Bancorp $CATY

State of Alaska Department of Revenue reduced its position in shares of Cathay General Bancorp (NASDAQ:CATY) by 45.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,801 shares of the bank’s stock after selling 11,320 shares during the period. State of Alaska Department of Revenue’s holdings in Cathay General Bancorp were worth $820,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Cathay General Bancorp by 5.8% during the third quarter. GAMMA Investing LLC now owns 3,791 shares of the bank’s stock valued at $226,000 after buying an additional 208 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Cathay General Bancorp during the second quarter worth approximately $30,000. NewEdge Advisors LLC grew its stake in Cathay General Bancorp by 4.5% in the 2nd quarter. NewEdge Advisors LLC now owns 8,431 shares of the bank’s stock worth $523,000 after acquiring an additional 363 shares during the period. Squarepoint Ops LLC purchased a new stake in Cathay General Bancorp in the 2nd quarter worth approximately $354,000. Finally, Nykredit A S purchased a new stake in Cathay General Bancorp in the 2nd quarter worth approximately $47,000. 75.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cathay General Bancorp news, EVP Thomas M. Lo sold 1,600 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $62.47, for a total transaction of $99,952.00. Following the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at $147,554.14. This trade represents a 40.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Sun sold 20,000 shares of Cathay General Bancorp stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $63.31, for a total transaction of $1,266,200.00. Following the completion of the transaction, the director owned 7,315 shares in the company, valued at approximately $463,112.65. This trade represents a 73.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 31,600 shares of company stock worth $1,996,362. 4.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on CATY. Stephens boosted their price target on Cathay General Bancorp from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Piper Sandler raised their price objective on Cathay General Bancorp from $49.50 to $53.00 and gave the stock an “underweight” rating in a report on Monday, July 27th. DA Davidson raised their price objective on Cathay General Bancorp from $56.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Benchmark raised Cathay General Bancorp to a “hold” rating in a research report on Wednesday, September 23rd. Finally, Zacks Research downgraded Cathay General Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.25.

Cathay General Bancorp Trading Up 6.0%

NASDAQ CATY opened at $64.24 on Friday. The company has a market cap of $4.29 billion, a P/E ratio of 12.55 and a beta of 0.89. Cathay General Bancorp has a 12 month low of $44.57 and a 12 month high of $65.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50-day moving average of $61.39 and a 200-day moving average of $59.85.

Cathay General Bancorp (NASDAQ:CATY) last released its earnings results on Wednesday, October 21st. The bank reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.02). Cathay General Bancorp had a return on equity of 12.22% and a net margin of 25.32%. The company had revenue of $230.55 million during the quarter, compared to analyst estimates of $227.45 million. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, equities analysts predict that Cathay General Bancorp will post 5.54 earnings per share for the current year.

Cathay General Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Friday, August 28th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.52 annualized dividend and a yield of 2.4%. Cathay General Bancorp’s dividend payout ratio is 29.69%.

Cathay General Bancorp News Roundup

Here are the key news stories impacting Cathay General Bancorp this week:

• Positive Sentiment: Third-quarter net income increased to $95.2 million, or $1.43 per diluted share, from $92.2 million, or $1.37 per share, in the second quarter and $1.13 per share a year earlier. Revenue of $230.55 million exceeded estimates of $227.45 million. Cathay General Bancorp Reports Earnings Results
• Positive Sentiment: Net interest income before credit-loss provisions reached a record $211.9 million, up 5.5% sequentially. Net interest margin expanded to 3.52% from 3.48%, supporting profitability. Cathay General Bancorp Reports $95.2 Million Third Quarter Net Income
• Positive Sentiment: Management raised its full-year loan-growth outlook to 5%–6% while maintaining its 3.40%–3.50% net-interest-margin outlook. Loans reached $21.20 billion and deposits $21.83 billion at quarter-end. Cathay General Raises Loan Growth Outlook
• Positive Sentiment: Non-interest income doubled sequentially to $42.8 million, while nonperforming assets declined 18% to $119.2 million. The bank also redeemed about 45% of its outstanding trust-preferred securities, which may reduce funding costs and balance-sheet risk. Cathay General Bancorp Q3 2026 Earnings
• Neutral Sentiment: Institutional ownership data showed more funds adding than reducing CATY positions in the latest reporting period, although such filings are backward-looking.
• Negative Sentiment: EPS of $1.43 narrowly missed consensus estimates of $1.44–$1.45. Provision for credit losses rose sharply to $28.6 million from $11.2 million in the prior quarter, highlighting ongoing credit-cost pressure. Cathay General Q3 Earnings Lag Estimates
• Negative Sentiment: Reported insider trading was exclusively selling over the past six months, with no insider purchases disclosed, a potential but secondary sentiment concern.

About Cathay General Bancorp

Cathay General Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Cathay Bank, provides banking and financial services to individuals, families, businesses and institutions, with a particular focus on serving the Chinese American and broader communities in the markets where it operates.

Cathay Bank offers deposit accounts, residential and commercial real estate loans, commercial and industrial lending, small-business financing, consumer loans, treasury management and other traditional banking services.