Cathay General Bancorp (NASDAQ:CATY) Director Richard Sun Sells 1,000 Shares

August 28, 2026 by InsiderTrades.com

Key Points

Insider transaction: Cathay General Bancorp EVP Thomas Lo sold 1,600 shares at an average price of $62.47, generating approximately $99,952. After the sale, he retained 2,362 shares, a 40.38% reduction in his direct ownership.
Quarterly performance: The bank reported quarterly EPS of $1.37, exceeding estimates of $1.35, while revenue rose 13.1% year over year to $221.2 million.
Stock and outlook: CATY recently traded near $62.12 and pays a quarterly dividend of $0.38, yielding about 2.4%. Analysts’ consensus rating is “Hold,” with an average price target of $62.25.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) Director Richard Sun sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $62.08, for a total transaction of $62,080.00. Following the completion of the transaction, the director directly owned 3,200 shares in the company, valued at $198,656. This trade represents a 23.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Regional Bank Buybacks: 5 Institutions Making Big Moves

Richard Sun also recently made the following trade(s):

On Monday, August 10th, Richard Sun sold 3,000 shares of Cathay General Bancorp stock. The shares were sold at an average price of $63.09, for a total transaction of $189,270.00.
On Thursday, July 30th, Richard Sun sold 5,000 shares of Cathay General Bancorp stock. The stock was sold at an average price of $63.31, for a total transaction of $316,550.00.
On Wednesday, July 29th, Richard Sun sold 20,000 shares of Cathay General Bancorp stock. The shares were sold at an average price of $63.31, for a total transaction of $1,266,200.00.

Cathay General Bancorp Stock Up 0.1%

NASDAQ:CATY opened at $62.12 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Cathay General Bancorp has a 12-month low of $44.57 and a 12-month high of $65.25. The stock's fifty day simple moving average is $62.55 and its 200-day simple moving average is $56.84. The firm has a market capitalization of $4.14 billion, a P/E ratio of 12.13 and a beta of 0.86.

Cathay General Bancorp (NASDAQ:CATY - Get Free Report) last released its earnings results on Wednesday, July 22nd. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.02. Cathay General Bancorp had a return on equity of 11.71% and a net margin of 24.66%.The firm had revenue of $221.20 million for the quarter, compared to analyst estimates of $218.28 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The company's quarterly revenue was up 13.1% on a year-over-year basis. Equities research analysts expect that Cathay General Bancorp will post 5.48 earnings per share for the current year.

Cathay General Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Friday, August 28th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.52 annualized dividend and a yield of 2.4%. Cathay General Bancorp's dividend payout ratio (DPR) is presently 29.69%.

Wall Street Analysts Forecast Growth

CATY has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Cathay General Bancorp in a research report on Monday, July 6th. Stephens lifted their target price on Cathay General Bancorp from $56.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods increased their price target on Cathay General Bancorp from $64.00 to $67.00 and gave the stock a "market perform" rating in a report on Thursday, July 23rd. DA Davidson lifted their price objective on Cathay General Bancorp from $56.00 to $66.00 and gave the company a "neutral" rating in a report on Thursday, July 23rd. Finally, Zacks Research cut Cathay General Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.25.

Read Our Latest Research Report on CATY

Institutional Trading of Cathay General Bancorp

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Cathay General Bancorp during the second quarter worth about $604,644,000. California State Teachers Retirement System lifted its stake in Cathay General Bancorp by 6,522.1% in the 2nd quarter. California State Teachers Retirement System now owns 4,520,125 shares of the bank's stock valued at $280,203,000 after acquiring an additional 4,451,867 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Cathay General Bancorp by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,050,007 shares of the bank's stock valued at $201,930,000 after acquiring an additional 17,444 shares in the last quarter. Invesco Ltd. boosted its position in Cathay General Bancorp by 6.7% during the 4th quarter. Invesco Ltd. now owns 1,685,203 shares of the bank's stock worth $81,547,000 after acquiring an additional 105,484 shares during the last quarter. Finally, Norges Bank acquired a new position in Cathay General Bancorp during the 4th quarter worth approximately $41,140,000. 75.01% of the stock is currently owned by institutional investors.

About Cathay General Bancorp

(Get Free Report)

Cathay General Bancorp is a bank holding company headquartered in Los Angeles, California, trading on NASDAQ under the symbol CATY. Its principal subsidiary, Cathay Bank, provides a full suite of financial services to commercial, institutional and retail clients. As a community-focused institution, the company emphasizes relationship banking and tailored solutions for businesses and individuals.

Founded in 1962 by a group of Chinese American entrepreneurs, Cathay has expanded from a single branch operation in downtown Los Angeles into one of the largest Asian-American banks in the United States.