Denali Advisors LLC Reduces Holdings in Cathay General Bancorp $CATY

Posted by Brian Himes on Aug 20th, 2026

Denali Advisors LLC reduced its stake in shares of Cathay General Bancorp (NASDAQ:CATY – Free Report) by 11.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,297 shares of the bank’s stock after selling 18,765 shares during the period. Cathay General Bancorp accounts for about 0.9% of Denali Advisors LLC’s holdings, making the stock its 24th biggest position. Denali Advisors LLC owned about 0.21% of Cathay General Bancorp worth $8,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Cathay General Bancorp in the 2nd quarter valued at $31,000. Danske Bank A S acquired a new position in Cathay General Bancorp in the third quarter valued at $48,000. Hantz Financial Services Inc. lifted its position in Cathay General Bancorp by 55.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,525 shares of the bank’s stock worth $74,000 after buying an additional 546 shares during the period. Torren Management LLC acquired a new stake in Cathay General Bancorp in the 4th quarter worth about $76,000. Finally, NewEdge Advisors LLC grew its holdings in Cathay General Bancorp by 319.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,704 shares of the bank’s stock valued at $78,000 after buying an additional 1,298 shares during the period. Institutional investors and hedge funds own 75.01% of the company’s stock.

Cathay General Bancorp Stock Performance

Shares of NASDAQ:CATY opened at $62.51 on Thursday. The business’s 50-day simple moving average is $62.28 and its 200 day simple moving average is $56.44. The company has a market cap of $4.17 billion, a P/E 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 1.04 and a current ratio of 1.04. Cathay General Bancorp has a one year low of $44.57 and a one year high of $65.25.

Cathay General Bancorp (NASDAQ:CATY – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.02. The firm had revenue of $221.20 million during the quarter, compared to analysts’ expectations of $218.28 million. Cathay General Bancorp had a return on equity of 11.71% and a net margin of 24.66%.Cathay General Bancorp’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. On average, sell-side analysts forecast that Cathay General Bancorp will post 5.48 earnings per share for the current fiscal year.

Cathay General Bancorp announced that its board has initiated a stock repurchase program on Thursday, April 23rd that allows the company to buyback $150,000.00 billion in outstanding shares. This buyback authorization allows the bank to repurchase up to 4,164,630.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Cathay General Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Friday, August 28th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.52 annualized dividend and a yield of 2.4%. Cathay General Bancorp’s payout ratio is 29.69%.

Insider Buying and Selling

In other Cathay General Bancorp news, Director Richard Sun sold 20,000 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $63.31, for a total value of $1,266,200.00. Following the completion of the transaction, the director directly owned 7,315 shares of the company’s stock, valued at $463,112.65. This represents a 73.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 28,000 shares of company stock valued at $1,772,020. Insiders own 4.53% of the company’s stock.

Wall Street Analysts Forecast Growth

CATY has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Cathay General Bancorp in a report on Monday, July 6th. Stephens boosted their price objective on shares of Cathay General Bancorp from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods upped their price objective on Cathay General Bancorp from $64.00 to $67.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Piper Sandler lifted their target price on Cathay General Bancorp from $49.50 to $53.00 and gave the company an “underweight” rating in a report on Monday, July 27th. Finally, Zacks Research lowered Cathay General Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.25.

View Our Latest Stock Analysis on CATY

About Cathay General Bancorp

(Free Report)

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.