 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Cathay General Bancorp Shares Slide 10.0% Below Sun's Purchase PriceBy Dividend Channel Staff, Monday, May 1, 10:03 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on April 25, Cathay General Bancorp's Director, Richard Sun, invested $213,500.00 into 6,100 shares of CATY, for a cost per share of $35.00. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of Cathay General Bancorp (NASDAQ:CATY) and achieve a cost basis 10.0% cheaper than Sun, with shares changing hands as low as $31.50 per share. Cathay General Bancorp shares are currently trading down about 0.7% on the day. The chart below shows the one year performance of CATY shares, versus its 200 day moving average:
Looking at the chart above, CATY's low point in its 52 week range is $30.44 per share, with $47.30 as the 52 week high point — that compares with a last trade of $31.68. By comparison, below is a table showing the prices at which CATY insider buying was recorded over the last six months:
The current annualized dividend paid by Cathay General Bancorp is $1.36/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/24/2023. Below is a long-term dividend history chart for CATY, which can be of good help in judging whether the most recent dividend with approx. 4.3% annualized yield is likely to continue.
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
This Article's Word Cloud:
April
Arial
Back
Bancorp
Bargain
Bargains
Below
CATY
Cathay
Cheaper
Days
Director
Dividend
Dollars
General
Insider
Insiders
Join
Looking
Monday
Richard
Seven
about
annualized
below
buying
chart
cost
currently
dividend
escape
fillColor
hunters
insider
last
most
only
paid
point
reason
recent
share
shares
stock
that
their
trading
week
which
with
|
Play Video:
One Reason For Insiders to Buy
Free Email Alerts By Stock:
Start slideshow: