WINTON GROUP Ltd Grows Position in Cathay General Bancorp (NASDAQ:CATY)

WINTON GROUP Ltd grew its stake in Cathay General Bancorp (NASDAQ:CATY) by 32.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,847 shares of the bank’s stock after buying an additional 5,310 shares during the quarter. WINTON GROUP Ltd’s holdings in Cathay General Bancorp were worth $1,040,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CATY. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Cathay General Bancorp by 11.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,818 shares of the bank’s stock worth $944,000 after acquiring an additional 2,089 shares in the last quarter. TIAA Trust National Association bought a new position in shares of Cathay General Bancorp in the fourth quarter worth approximately $204,000. Advantage Alpha Capital Partners LP increased its stake in shares of Cathay General Bancorp by 12.9% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 13,520 shares of the bank’s stock worth $644,000 after purchasing an additional 1,544 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Cathay General Bancorp during the 4th quarter valued at $676,000. Finally, Sei Investments Co. lifted its stake in shares of Cathay General Bancorp by 31.2% during the 4th quarter. Sei Investments Co. now owns 14,674 shares of the bank’s stock valued at $699,000 after buying an additional 3,490 shares in the last quarter. Institutional investors own 75.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CATY. Piper Sandler decreased their price target on Cathay General Bancorp from $45.00 to $43.00 and set an “underweight” rating on the stock in a report on Monday, January 27th. Stephens cut their target price on Cathay General Bancorp from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lowered their price target on Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating on the stock in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.80.

Cathay General Bancorp Trading Down 1.9 %

Shares of Cathay General Bancorp stock opened at $42.63 on Friday. Cathay General Bancorp has a twelve month low of $33.88 and a twelve month high of $55.29. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $45.70 and a 200-day moving average price of $46.70. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 10.77 and a beta of 1.09.

Cathay General Bancorp (NASDAQ:CATY) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Cathay General Bancorp had a return on equity of 10.70% and a net margin of 20.57%. Equities research analysts anticipate that Cathay General Bancorp will post 4.47 EPS for the current fiscal year.

Cathay General Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 27th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, February 27th. Cathay General Bancorp’s payout ratio is 34.34%.

About Cathay General Bancorp

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits.