Cathay General Bancorp director Richard Sun sells $62,083 in stock

Director Richard Sun of Cathay General Bancorp (CATY) offloaded 1,000 shares of the company's common stock on August 25, 2026. The shares were sold at a price of $62.0833 each, amounting to a total sale of $62,083. This transaction occurred as the stock price hovered around $62.12, having increased by 26% over the past six months.

According to market analysis, the stock is slightly overvalued compared to its intrinsic value, placing CATY on the list of companies considered overvalued. Following this sale, Mr. Sun retained ownership of 1,000 shares directly held by him. Furthermore, he indirectly owns additional shares through various entities, including Lin-Chih Corporation, his spouse, Michael Sun Trust, Sun Trust, JKLM Limited Partnership, RIS Family Limited Partnership, Ivy Sun Separate Trust, and several others, totaling hundreds of thousands of shares.

Cathay General Bancorp has a strong track record of consistent dividend payments, maintaining this payout for 36 consecutive years, currently yielding 2.46%. For investors seeking a comprehensive analysis of CATY's financial health and valuation, the Pro Research Report offers detailed insights into the company's performance and market position.

In recent news, Cathay General Bancorp reported second-quarter 2026 earnings that exceeded market expectations, delivering earnings per share of $1.37 on revenue of $222.3 million. This surpassed analyst forecasts of $1.35 per share and $218.27 million in revenue. The company's strong performance was driven by factors such as higher net interest income, margin expansion, and increased loan activity.

Stephens Research raised its price target for CATY to $63, maintaining an Equal Weight rating, noting the bank's solid earnings and market position. These developments underscore Cathay General Bancorp's financial strength and strategic positioning in the financial sector.