Cathay General Bancorp (NASDAQ:CATY) Shares Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Cathay General Bancorp (NASDAQ:CATY). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cathay General Bancorp stock on April 9th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 4/23/2025.
• Purchased $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Hillman Solutions (NASDAQ:HLMN) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/17/2025.

Cathay General Bancorp Stock Performance

NASDAQ CATY opened at $44.43 on Friday. The company has a fifty day moving average price of $41.66 and a 200-day moving average price of $46.07. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 11.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.03 and a quick ratio of 1.03. Cathay General Bancorp has a 1 year low of $34.75 and a 1 year high of $55.29.

Cathay General Bancorp (NASDAQ:CATY) last posted its quarterly earnings data on Monday, April 21st. The bank reported $0.98 EPS for the quarter, beating the consensus estimate of $0.95 by $0.03. Cathay General Bancorp had a net margin of 20.57% and a return on equity of 10.70%. The firm had revenue of $187.84 million during the quarter, compared to analyst estimates of $186.17 million. During the same quarter last year, the business posted $1.05 EPS. As a group, equities research analysts predict that Cathay General Bancorp will post 4.47 EPS for the current fiscal year.

Cathay General Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.06%. Cathay General Bancorp’s dividend payout ratio (DPR) is presently 34.34%.

Analyst Ratings Changes

A number of research analysts have issued reports on CATY shares. Stephens restated an “overweight” rating and issued a $51.00 price objective on shares of Cathay General Bancorp in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Cathay General Bancorp from $56.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, January 23rd. Finally, Piper Sandler lowered their price objective on shares of Cathay General Bancorp from $45.00 to $43.00 and set an “underweight” rating on the stock in a research report on Monday, January 27th. One equities research 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’s stock. According to data from MarketBeat.com, Cathay General Bancorp presently has an average rating of “Hold” and an average price target of $49.60.

Institutional Investors Weigh In On Cathay General Bancorp

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Cathay General Bancorp by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,230,722 shares of the bank’s stock worth $201,426,000 after purchasing an additional 12,684 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Cathay General Bancorp by 3.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,970,173 shares of the bank’s stock valued at $127,807,000 after buying an additional 108,672 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Cathay General Bancorp by 3.8% during the 1st quarter. Invesco Ltd. now owns 1,577,657 shares of the bank’s stock valued at $67,887,000 after buying an additional 58,215 shares in the last quarter. American Century Companies Inc. boosted its holdings in Cathay General Bancorp by 5.2% in the 4th quarter. American Century Companies Inc. now owns 1,471,066 shares of the bank’s stock worth $70,037,000 after buying an additional 72,532 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in Cathay General Bancorp by 0.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,268,030 shares of the bank’s stock valued at $60,371,000 after buying an additional 6,081 shares in the last quarter. Hedge funds and other institutional investors own 75.01% of the company’s stock.

Insider Buying and Selling at Cathay General Bancorp

In related news, EVP Thomas M. Lo sold 729 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $45.00, for a total transaction of $32,805.00. Following the sale, the executive vice president now owns 4,000 shares of the company’s stock, valued at approximately $180,000. This represents a 15.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.85% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.