33,885 Shares in Cathay General Bancorp (NASDAQ:CATY) Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new position in Cathay General Bancorp (NASDAQ:CATY) during the third quarter, according to its most recent filing with the SEC. The firm bought 33,885 shares of the bank’s stock, valued at approximately $1,177,000. Cathay General Bancorp makes up 0.4% of Campbell & CO Investment Adviser LLC’s investment portfolio, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parallel Advisors LLC bought a new position in Cathay General Bancorp during the 2nd quarter valued at $37,000. Denali Advisors LLC purchased a new position in Cathay General Bancorp during the 2nd quarter valued at about $108,000. A.R.T. Advisors LLC purchased a new position in Cathay General Bancorp during the 2nd quarter valued at about $212,000. AMP Capital Investors Ltd purchased a new position in Cathay General Bancorp during the 2nd quarter valued at about $233,000. Finally, Zebra Capital Management LLC grew its holdings in Cathay General Bancorp by 16.4% during the 2nd quarter. Zebra Capital Management LLC now owns 8,310 shares of the bank’s stock valued at $298,000 after buying an additional 1,168 shares in the last quarter. Institutional investors own 71.17% of the company’s stock.

Shares of CATY traded down $0.24 during trading hours on Wednesday, reaching $34.73. 9,271 shares of the company’s stock traded hands, compared to its average volume of 295,485. The stock has a market cap of $2.76 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.34. The firm’s 50 day simple moving average is $34.29 and its 200-day simple moving average is $35.11. Cathay General Bancorp has a 12 month low of $31.89 and a 12 month high of $40.70.

Cathay General Bancorp (NASDAQ:CATY) last released its earnings results on Wednesday, July 17th. The bank reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. The company had revenue of $156.17 million during the quarter, compared to the consensus estimate of $154.13 million. Cathay General Bancorp had a return on equity of 12.73% and a net margin of 34.86%. During the same quarter in the previous year, the company posted $0.90 EPS. As a group, analysts expect that Cathay General Bancorp will post 3.48 earnings per share for the current fiscal year.

In other Cathay General Bancorp news, EVP Kim R. Bingham sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $36.21, for a total value of $123,114.00. Following the completion of the sale, the executive vice president now owns 25,269 shares in the company, valued at $914,990.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lisa L. Kim sold 3,745 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $34.70, for a total value of $129,951.50. Following the completion of the sale, the executive vice president now owns 3,288 shares of the company’s stock, valued at approximately $114,093.60. The disclosure for this sale can be found here. Insiders own 4.73% of the company’s stock.

A number of research analysts have weighed in on CATY shares. BidaskClub raised Cathay General Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Piper Jaffray Companies set a $44.00 price target on Cathay General Bancorp and gave the company a “buy” rating in a research report on Monday, July 8th. Zacks Investment Research upgraded Cathay General Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, ValuEngine upgraded Cathay General Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

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.

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Institutional Ownership by Quarter for Cathay General Bancorp (NASDAQ:CATY)

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