Cathay General BancorpCATY
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 Q3 regulatory filings by fund managers ($100M+ AUM)
963% more call options, than puts
Call options by funds: $1.1M | Put options by funds: $103K
36% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 25
11% more capital invested
Capital invested by funds: $1.98B [Q2] → $2.21B (+$221M) [Q3]
4% more funds holding
Funds holding: 238 [Q2] → 247 (+9) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 85
1.14% less ownership
Funds ownership: 72.27% [Q2] → 71.13% (-1.14%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keefe, Bruyette & Woods Christopher Mcgratty 72% 1-year accuracy 13 / 18 met price target | 18%upside $56 | Market Perform Maintained | 4 Dec 2024 |
Wedbush David Chiaverini 82% 1-year accuracy 40 / 49 met price target | 10%upside $52 | Outperform Maintained | 23 Oct 2024 |
Financial journalist opinion
