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Cathay General Bancorp
CATY

$37.06
2.8%
 

About: Cathay General Bancorp is a regional bank predominantly serving the Chinese-American community. The company's policy is to reach out and actively offer services to low-to-moderate income groups in the delineated branch service areas. It predominantly provides services such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services to individuals, professionals, and small to medium-sized businesses. Through its Wealth Management unit, the company also offers investment products and services, such as stocks, bonds, mutual funds, insurance, annuities, and advisory services.

Employees: 1,246

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 4 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1,176% more call options, than puts

Call options by funds: $1.06M | Put options by funds: $83K

130% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 20

12% more funds holding

Funds holding: 225 [Q4 2023] → 251 (+26) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

4.05% less ownership

Funds ownership: 74.98% [Q4 2023] → 70.93% (-4.05%) [Q1 2024]

20% less capital invested

Capital invested by funds: $2.43B [Q4 2023] → $1.95B (-$479M) [Q1 2024]

33% less repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 98

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$38
3%
upside
Avg. target
$41
10%
upside
High target
$44
19%
upside

4 analyst ratings

positive
25%
neutral
75%
negative
0%
Truist Securities
Brandon King
3%upside
$38
Hold
Maintained
25 Apr 2024
Keefe, Bruyette & Woods
Christopher Mcgratty
11%upside
$41
Market Perform
Maintained
23 Apr 2024
Wedbush
David Chiaverini
19%upside
$44
Outperform
Reiterated
23 Apr 2024
Truist Securities
Brandon King
8%upside
$40
Hold
Maintained
1 Apr 2024

Financial journalist opinion