Cathay General Bancorp director Richard Sun sells $189,270 in stock By Investing.com
- Investing
Ramit Sethi- 3 minutes read
Richard Sun, a Director at Cathay General Bancorp (), sold 3,000 shares of the company’s common stock on August 10, 2026. The transaction totaled $189,270, with shares sold at a price of $63.09 each. The sale came as the stock trades near its 52-week high of $64.89, with shares up 35% year-to-date.
Following this transaction, Mr. Sun directly holds 1,000 shares of Cathay General Bancorp common stock.
Additionally, Mr. Sun maintains various indirect beneficial ownerships. These include 4,200 shares through the Ivy Sun Separate Trust, 1,800 shares by Lin-Chih Corporation, 1,100 shares by his spouse, 1,600 shares by the Michael Sun Trust, 6,340 shares by the Sun Trust, 2,315 shares by JKLM Limited Partnership, and 2,800 shares by RIS Family Limited Partnership.The $4.3 billion bank trades at a P/E ratio of 12.55 and offers a 2.36% dividend yield. InvestingPro subscribers have access to 8 additional exclusive tips about CATY, including insights on its 36-year dividend payment streak.
In other recent news, Cathay General Bancorp reported second-quarter 2026 earnings that exceeded Wall Street expectations. The company achieved earnings per share of $1.37 on revenue of $222.3 million, surpassing analyst estimates of $1.35 per share and $218.27 million in revenue. This performance was attributed to higher net interest income, continued margin expansion, and stronger loan activity. Additionally, Stephens raised its price target for Cathay General Bancorp to $63 from $56, maintaining an Equal Weight rating. The firm noted that Cathay General Bancorp’s second-quarter operating earnings per share were $1.36, slightly below its estimate of $1.40 but above the Street’s estimate of $1.35. Pre-provision net revenue was reported at $128.9 million. These developments highlight the company’s positive financial performance and analyst confidence.
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