Mraz Amerine & Associates Inc. held its position in shares of Cathay General Bancorp (NASDAQ:CATY) during the second quarter, Holdings Channel reports. The institutional investor owned 10,800 shares of the company’s stock at the end of the second quarter. Mraz Amerine & Associates Inc.’s holdings in Cathay General Bancorp were worth $305,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in shares of Cathay General Bancorp by 73.1% in the second quarter. LS Investment Advisors LLC now owns 4,415 shares of the company’s stock worth $125,000 after buying an additional 1,864 shares during the period. Menta Capital LLC bought a new position in Cathay General Bancorp during the first quarter worth approximately $246,000. Aperio Group LLC raised its position in Cathay General Bancorp by 18.6% in the first quarter. Aperio Group LLC now owns 10,926 shares of the company’s stock worth $310,000 after buying an additional 1,712 shares during the period. Bank of Montreal Can bought a new position in Cathay General Bancorp during the second quarter worth approximately $316,000. Finally, Adams Diversified Equity Fund Inc. bought a new position in Cathay General Bancorp during the second quarter worth approximately $330,000. Institutional investors own 66.29% of the company’s stock.
Shares of Cathay General Bancorp (NASDAQ:CATY) traded up 0.56% during trading on Tuesday, hitting $30.47. The stock had a trading volume of 167,857 shares. The company has a market cap of $2.40 billion, a PE ratio of 15.39 and a beta of 1.31. Cathay General Bancorp has a 1-year low of $25.62 and a 1-year high of $34.69. The firm’s 50 day moving average is $30.91 and its 200 day moving average is $29.79.
Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. Cathay General Bancorp had a net margin of 31.20% and a return on equity of 9.23%. During the same period in the previous year, the company earned $0.56 EPS. Equities research analysts anticipate that Cathay General Bancorp will post $2.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Thursday, September 1st were issued a $0.18 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 2.36%. Cathay General Bancorp’s payout ratio is currently 36.18%.
A number of research firms have commented on CATY. Keefe, Bruyette & Woods raised their price objective on Cathay General Bancorp from $31.00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, July 11th. Zacks Investment Research lowered Cathay General Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, BMO Capital Markets restated an “outperform” rating and set a $32.00 price objective (down previously from $33.00) on shares of Cathay General Bancorp in a research note on Wednesday, July 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Cathay General Bancorp currently has an average rating of “Hold” and a consensus target price of $33.00.
In other news, Vice Chairman Peter Wu sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $31.30, for a total value of $939,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.36% of the stock is currently owned by insiders.
About Cathay General Bancorp
Cathay General Bancorp is a bank holding company. The Company holds Cathay Bank, a California state-chartered commercial bank (the Bank); approximately seven limited partnerships investing in affordable housing investments, in which the Bank is the sole limited partner; GBC Venture Capital, Inc, and Asia Realty Corp.
Want to see what other hedge funds are holding CATY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cathay General Bancorp (NASDAQ:CATY).
Receive News & Ratings for Cathay General Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cathay General Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.