Cathay General Bancorp (CATY) Chairman Cheng Buys 18,654 Shares

Dunson Cheng, the Executive Chairman of Cathay General Bancorp, recently purchased 18,654 shares of the company. This insider transaction took place on June 26, 2026, and it wasn't part of a pre-planned trading strategy. Cheng's acquisition adds to the ongoing insider activity at the bank.

Insider Buying and Selling at Cathay General Bancorp

In addition to Dunson Cheng's purchase, several other executives at Cathay General Bancorp bought shares on the same day. President and CEO Chang Liu acquired 35,998 shares, while EVP and Chief Financial Officer Albert Jen-Wen Wang bought 12,004 shares. These transactions, like Cheng's, were not part of any pre-arranged plans.

Cathay General Bancorp Stock Down 0.7%

Shares of NasdaqGS:CATY traded near $61.83 on Wednesday. Cathay General Bancorp has a market cap of approximately $4.16 billion and a P/E ratio of 12.78. The stock's 52-week range spans from $43.66 to $62.45, with a 50-day moving average of $57.55 and a 200-day moving average of $51.48. The company's beta is 0.863, indicating lower volatility compared to the market.

Analysts Set New Price Targets

Analysts have recently updated their views on Cathay General Bancorp. On April 27, 2026, Piper Sandler maintained a sell rating with a price target of $47. Keefe, Bruyette & Woods, on April 23, 2026, held a neutral stance with a hold rating and a target of $58. Meanwhile, the consensus among analysts is to hold the stock, with a mean target price of $58.90.

About Cathay General Bancorp

Cathay General Bancorp is a financial services company headquartered in Los Angeles, California. It operates as the holding company for Cathay Bank, offering a range of commercial banking products and services. The bank caters to individuals, professionals, and small to medium-sized businesses across the United States. With a workforce of 1,268 employees, the company provides savings and checking accounts, loans, and investment services. Founded in 1962, Cathay General Bancorp continues to serve its diverse clientele under the leadership of CEO Chang Ming Liu.

Bottom Line

Dunson Cheng's recent purchase of Cathay General Bancorp shares highlights insider confidence in the company. Investors often monitor such transactions for potential insights into a company's future prospects. However, it's important to remember that insider trades are just one piece of the investment puzzle. This report reflects recent insider activity and should not be construed as an endorsement or recommendation to buy or sell the stock.