Wednesday, December 13, 2017 10:15 PM ET
Insider Selling in Cathay General Bancorp (CATY) Shares Continues
A filing with the SEC today revealed a substantial insider sale of Cathay General Bancorp shares as — Dunson K Cheng, Director and Officer — sold 50,000 shares in the company having a market value of approximately $2,122,335. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 16,059 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 66,059 shares and have averaged 33,030 shares per transaction over this time period.
Cathay General Bancorp insider trading represents a higher number of buy/sell trades than for the 29 peer company average over the last 90-day period. The Retail & Mortgage Banks peer group saw 28 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Cathay General Bancorp insiders was also higher. Within the peer group there were 19,826 shares purchased and 168,115 shares sold with company insiders having sold 5,296 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to create and write this story.
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