Rafferty Asset Management Boosts Cathay General Bancorp Holdings

The investment firm increased its stake in the California-based bank by 20% in the third quarter.

Published on Mar. 4, 2026

Got story updates? Submit your updates here. ›

Rafferty Asset Management LLC, an investment management firm, increased its holdings in Cathay General Bancorp (NASDAQ:CATY) by 20% during the third quarter of 2026. The firm now owns 70,089 shares of the bank's stock, valued at $3,365,000 at the end of the reporting period.

Why it matters

Cathay General Bancorp is a prominent Asian-American bank headquartered in Los Angeles, California. The increase in Rafferty's stake suggests the investment firm sees value in the bank's performance and growth potential, which could signal broader investor confidence in the company.

The details

According to a regulatory filing, Rafferty Asset Management purchased an additional 11,682 shares of Cathay General Bancorp during the third quarter. This brought the firm's total holdings in the bank to 70,089 shares. Cathay General Bancorp is a community-focused institution that emphasizes relationship banking and tailored solutions for businesses and individuals.

  • Rafferty Asset Management increased its stake in Cathay General Bancorp during the 3rd quarter of 2026.

The players

Rafferty Asset Management LLC

An investment management firm that increased its holdings in Cathay General Bancorp by 20% in the third quarter of 2026.

Cathay General Bancorp

A bank holding company headquartered in Los Angeles, California, and the parent company of Cathay Bank, which provides a full suite of financial services to commercial, institutional, and retail clients.

Got photos? Submit your photos here. ›

The takeaway

The increase in Rafferty Asset Management's stake in Cathay General Bancorp suggests the investment firm sees value in the bank's performance and growth potential, which could signal broader investor confidence in the company's future.