Fifth Third Bancorp Acquires 31,282 Shares of Cathay General Bancorp $CATY

Fifth Third Bancorp grew its holdings in Cathay General Bancorp (NASDAQ:CATY) by 3,728.5% during the first quarter, Holdings Channel.com reports. The firm owned 32,121 shares of the bank’s stock after acquiring an additional 31,282 shares during the period. Fifth Third Bancorp’s holdings in Cathay General Bancorp were worth $1,602,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CATY. Danske Bank A S bought a new stake in Cathay General Bancorp during the 3rd quarter worth about $48,000. Hantz Financial Services Inc. increased its position in Cathay General Bancorp by 55.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,525 shares of the bank’s stock valued at $74,000 after acquiring an additional 546 shares in the last quarter. Torren Management LLC bought a new position in shares of Cathay General Bancorp in the fourth quarter worth about $76,000. NewEdge Advisors LLC raised its stake in shares of Cathay General Bancorp by 319.7% in the second quarter. NewEdge Advisors LLC now owns 1,704 shares of the bank’s stock worth $78,000 after acquiring an additional 1,298 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Cathay General Bancorp during the fourth quarter worth approximately $80,000. Institutional investors own 75.01% of the company’s stock.

Insider Activity

In other news, SVP May K. Chan sold 558 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $56.00, for a total transaction of $31,248.00. Following the completion of the transaction, the senior vice president directly owned 2,693 shares in the company, valued at approximately $150,808. The trade was a 17.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Peter Wu sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $57.33, for a total value of $1,146,600.00. Following the completion of the sale, the insider directly owned 275,252 shares of the company’s stock, valued at approximately $15,780,197.16. This trade represents a 6.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.53% of the company’s stock.

Cathay General Bancorp Price Performance

Shares of CATY stock opened at $62.53 on Friday. Cathay General Bancorp has a 52-week low of $43.65 and a 52-week high of $63.91. The stock has a market cap of $4.19 billion, a PE ratio of 12.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $59.91 and its two-hundred day moving average price is $54.66.

Cathay General Bancorp (NASDAQ:CATY) last issued its earnings results on Wednesday, July 22nd. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.35 by $0.02. The company had revenue of $221.20 million during the quarter, compared to analysts’ expectations of $218.28 million. Cathay General Bancorp had a net margin of 24.66% and a return on equity of 11.82%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. As a group, analysts forecast that Cathay General Bancorp will post 5.41 EPS for the current year.

Cathay General Bancorp announced that its Board of Directors has approved a stock buyback plan on Thursday, April 23rd that permits the company to repurchase $150,000.00 billion in shares. This repurchase authorization permits the bank to reacquire up to 4,164,630.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Cathay General Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Thursday, May 28th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, May 28th. Cathay General Bancorp’s dividend payout ratio is currently 31.34%.

Analysts Set New Price Targets

A number of analysts recently weighed in on CATY shares. Zacks Research raised shares of Cathay General Bancorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Stephens upped their price objective on Cathay General Bancorp from $56.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday. Keefe, Bruyette & Woods increased their price objective on Cathay General Bancorp from $64.00 to $67.00 and gave the company a “market perform” rating in a research report on Thursday. DA Davidson lifted their target price on Cathay General Bancorp from $56.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cathay General Bancorp in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.75.

Trending Headlines about Cathay General Bancorp

Here are the key news stories impacting Cathay General Bancorp this week:

• Positive Sentiment: Cathay General Bancorp reported better-than-expected Q2 2026 results, with earnings of $1.37 per share topping estimates and revenue of $221.2 million also beating forecasts. The bank said net income rose to $92.2 million, and revenue increased 13.1% year over year, reinforcing the view that core business momentum remains solid.
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on CATY to $67 from $64, signaling improved confidence in the stock’s valuation after the earnings release. The new target implies additional upside from current levels. Article Title
• Neutral Sentiment: Multiple follow-up articles and earnings-call transcripts highlighted the same quarterly beat and management commentary, suggesting the market is still digesting the details rather than reacting to a new surprise. Article Title

About Cathay General Bancorp

Cathay General Bancorp is a bank holding company headquartered in Los Angeles, California, trading on NASDAQ under the symbol CATY. Its principal subsidiary, Cathay Bank, provides a full suite of financial services to commercial, institutional and retail clients. As a community-focused institution, the company emphasizes relationship banking and tailored solutions for businesses and individuals.

Founded in 1962 by a group of Chinese American entrepreneurs, Cathay has expanded from a single branch operation in downtown Los Angeles into one of the largest Asian-American banks in the United States.