The Vice Chairman of Cathay General Bancorp (CATY) is Selling Shares


Today, the Vice Chairman of Cathay General Bancorp (NASDAQ: CATY), Anthony Tang, sold shares of CATY for $489.2K.

See today’s analyst top recommended stocks >>

Based on Cathay General Bancorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $175 million and quarterly net profit of $73.66 million. In comparison, last year the company earned revenue of $143 million and had a net profit of $51.42 million. CATY’s market cap is $3.45B and the company has a P/E ratio of 16.20. Currently, Cathay General Bancorp has an average volume of 182.6K.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $46.80, reflecting a -9.6% downside.

The insider sentiment on Cathay General Bancorp has been negative according to 46 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Anthony Tang’s trades have generated a -2.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cathay General Bancorp is a holding company, which engages in the provision of financial services. It offers commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for automobile, household, and other consumer expenditures. The company was founded in 1990 and is headquartered in Los Angeles, CA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts