BlackRock Updates Cathay General Bancorp Stake as of Dec 31, 2023
Ticker: CATY · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 861842
| Field | Detail |
|---|---|
| Company | Cathay General Bancorp (CATY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in Cathay General Bancorp, signaling its latest position.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Cathay General Bancorp's common stock as of December 31, 2023. This filing, an amendment number 2, updates BlackRock's previously disclosed stake in the company. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal its sentiment towards Cathay General Bancorp, potentially influencing other investors' decisions.
Why It Matters
This filing shows BlackRock's continued significant institutional ownership in Cathay General Bancorp, which can be a vote of confidence or a signal of changing sentiment for other investors.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership and does not inherently present a significant risk.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, but this filing alone doesn't provide enough detail to warrant immediate action. Further analysis of BlackRock's specific percentage ownership (which is not detailed in this excerpt) and any changes from previous filings would be necessary.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Cathay General Bancorp (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 2)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the name of the issuer whose securities are being reported?
The issuer is CATHAY GENERAL BANCORP, as stated under '(Name of Issuer) CATHAY GENERAL BANCORP' and in the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CATHAY GENERAL BANCORP' section.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Cathay General Bancorp is 149150104, as listed under '(CUSIP Number) 149150104' and 'CUSIP No. 149150104'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding CATHAY GENERAL BANCORP (CATY).