Wednesday, February 21, 2018 10:15 PM ET
Significant Insider Selling in Shares of Cathay General Bancorp (CATY) Continues
An insider — Dunson K Cheng, Director and Officer — disposed of 25,000 shares of Cathay General Bancorp having a market value of approximately $1,038,333 today, as revealed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 116,845 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 141,845 shares and have averaged 28,369 shares per transaction over this time period.
The number of insider buy/sell trades at Cathay General Bancorp is above that of the 29 peer company average over the last 90-day period. The Retail & Mortgage Banks peer group saw 37 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Cathay General Bancorp insiders is lower than its peers. Within the peer group there were 2,116,520 shares purchased and 300,837 shares sold with company insiders purchasing 67,248 shares on average over this time period.
Significant insider buying and selling activity has been determined by eliminating 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 in data used in evaluating and writing this story.
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