Cathay General BancorpCATY
Market Cap: $3.04B
About: Cathay General Bancorp is a regional bank predominantly serving the Chinese-American community. The company's policy is to reach out and actively offer services to low-to-moderate income groups in the delineated branch service areas. It predominantly provides services such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services to individuals, professionals, and small to medium-sized businesses. Through its Wealth Management unit, the company also offers investment products and services, such as stocks, bonds, mutual funds, insurance, annuities, and advisory services.
Employees: 1,246
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
130% more call options, than puts
Call options by funds: $434K | Put options by funds: $189K
1% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 87
2% less capital invested
Capital invested by funds: $1.99B [Q1] → $1.95B (-$36.1M) [Q2]
1.26% less ownership
Funds ownership: 72.42% [Q1] → 71.16% (-1.26%) [Q2]
7% less funds holding
Funds holding: 254 [Q1] → 237 (-17) [Q2]
39% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 44
100% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 0 (-2) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Truist Securities Brandon King 89% 1-year accuracy 48 / 54 met price target | 7%upside $45 | Hold Maintained | 24 Jul 2024 |
Wedbush David Chiaverini 54% 1-year accuracy 13 / 24 met price target | 19%upside $50 | Outperform Maintained | 23 Jul 2024 |
Piper Sandler Matthew Clark 53% 1-year accuracy 9 / 17 met price target | 14%downside $36 | Underweight Maintained | 23 Jul 2024 |