Moody Aldrich Partners buys $2,380,173 stake in Cathay General Bancorp (CATY)

Cathay General Bancorp (CATY) : Moody Aldrich Partners scooped up 49,020 additional shares in Cathay General Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 78,450 shares of Cathay General Bancorp which is valued at $2,380,173.Cathay General Bancorp makes up approximately 1.89% of Moody Aldrich Partners’s portfolio.

Other Hedge Funds, Including , Boston Advisors added CATY to its portfolio by purchasing 142,630 company shares during the most recent quarter which is valued at $4,327,394. Cathay General Bancorp makes up approx 0.10% of Boston Advisors’s portfolio. Arcadia Investment Management Corpmi added CATY to its portfolio by purchasing 735 company shares during the most recent quarter which is valued at $21,881. Cathay General Bancorp makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio. Creative Planning added CATY to its portfolio by purchasing 75 company shares during the most recent quarter which is valued at $2,226. Cutler Group Lp sold out all of its stake in CATY during the most recent quarter. The investment firm sold 19 shares of CATY which is valued $564.

Cathay General Bancorp closed down -0.25 points or -0.83% at $29.98 with 4,82,577 shares getting traded on Friday. Post opening the session at $30.2, the shares hit an intraday low of $29.62 and an intraday high of $30.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Cathay General Bancorp reported $0.44 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $0.44.Analysts expectations of $ 110.83.During the same quarter in the previous year, the company posted $0.56 EPS.

Cathay General Company is a bank holding company. The Company operates through Cathay Bank a California state-chartered commercial bank (the Bank) seven limited partnerships investing in affordable housing investments in which the Bank is the sole limited partner and GBC Venture Capital Inc. The Bank primarily services individuals professionals and small to medium-sized businesses in the local markets in which its branches are located and provides commercial mortgage loans commercial loans residential mortgage loans real estate construction loans home equity lines of credit and installment loans to individuals. It operates approximately 60 branches across California New York State Chicago Washington State Texas Maryland Massachusetts Nevada New Jersey Hong Kong Taipei and Shanghai. It offers deposit products including passbook accounts checking accounts college certificates of deposit and public funds deposits.

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