Cathay General Bancorp $CATY Stock: State of Alaska Department of Revenue Cuts Position

State of Alaska Department of Revenue trimmed its position in Cathay General Bancorp (NASDAQ:CATY) by 45.1% during the third quarter, HoldingsChannel.com reports. The firm owned 13,801 shares of the bank’s stock after selling 11,320 shares during the quarter. State of Alaska Department of Revenue’s holdings in Cathay General Bancorp were worth $820,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Cathay General Bancorp from $64.00 to $67.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Piper Sandler raised their price objective on Cathay General Bancorp from $49.50 to $53.00 and gave the company an “underweight” rating in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Cathay General Bancorp in a research report on Friday, October 2nd. Benchmark upgraded Cathay General Bancorp to a “hold” rating in a research note on Wednesday, September 23rd. Finally, Zacks Research cut shares of Cathay General Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.25.

Insider Activity at Cathay General Bancorp

In related news, Director Richard Sun sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $63.31, for a total transaction of $1,266,200.00. Following the sale, the director directly owned 7,315 shares of the company’s stock, valued at approximately $463,112.65. This represents a 73.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas M. Lo sold 1,600 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $62.47, for a total value of $99,952.00. Following the transaction, the executive vice president owned 2,362 shares in the company, valued at $147,554.14. This trade represents a 40.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 31,600 shares of company stock valued at $1,996,362. Insiders own 4.53% of the company’s stock.

Key Cathay General Bancorp News

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.

Cathay General Bancorp Stock Up 6.0%

NASDAQ:CATY opened at $64.24 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 12.55 and a beta of 0.89. Cathay General Bancorp has a one year low of $44.57 and a one year high of $65.25. The stock has a 50-day simple moving average of $61.39 and a 200 day simple moving average of $59.85.

Cathay General Bancorp (NASDAQ:CATY) last announced its quarterly earnings data 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 net margin of 25.32% and a return on equity of 12.22%. The firm had revenue of $230.55 million for the quarter, compared to analyst estimates of $227.45 million. During the same quarter in the previous year, the company earned $1.13 EPS. Sell-side analysts predict that Cathay General Bancorp will post 5.54 EPS for the current fiscal year.

Cathay General Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Friday, August 28th were given a $0.38 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.52 annualized dividend and a dividend yield of 2.4%. Cathay General Bancorp’s dividend payout ratio (DPR) is presently 29.69%.

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.