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Cathay General Bancorp - CATY Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $44.00
  • Forecasted Upside: -13.30%
  • Number of Analysts: 4
  • Breakdown:
  • 1 Sell Ratings
  • 2 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$50.75 As of 11/20/2024 01:00 AM ET
▼ -0.22 (-0.43%)

This chart shows the closing price for CATY by one month, three months, or twelve months.

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Analyst Price Target for CATY

Analyst Price Target is $44.00
▼ -13.30% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for Cathay General Bancorp in the last 3 months. The average price target is $44.00, with a high forecast of $52.00 and a low forecast of $36.00. The average price target represents a -13.30% upside from the last price of $50.75.

This chart shows the closing price for CATY for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 4 contributing investment analysts is to hold stock in Cathay General Bancorp. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
5/30/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
8/28/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
11/26/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
2/24/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
5/24/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
8/22/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
10/21/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
11/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/23/2024WedbushBoost TargetOutperform ➝ Outperform$50.00 ➝ $52.00
9/20/2024Truist FinancialBoost TargetHold ➝ Hold$45.00 ➝ $47.00
7/24/2024Truist FinancialBoost TargetHold ➝ Hold$38.00 ➝ $45.00
7/23/2024WedbushBoost TargetOutperform ➝ Outperform$44.00 ➝ $50.00
7/23/2024Piper SandlerBoost TargetUnderweight ➝ Underweight$32.00 ➝ $36.00
4/25/2024Truist FinancialLower TargetHold ➝ Hold$40.00 ➝ $38.00
4/23/2024Keefe, Bruyette & WoodsLower TargetMarket Perform ➝ Market Perform$46.00 ➝ $41.00
4/23/2024WedbushReiterated RatingOutperform ➝ Outperform$44.00
4/1/2024Truist FinancialLower TargetHold ➝ Hold$46.00 ➝ $40.00
11/6/2023Piper SandlerDowngradeNeutral ➝ Underweight$31.00
10/24/2023Piper SandlerLower TargetNeutral ➝ Neutral$32.00 ➝ $31.00
10/24/2023WedbushLower TargetOutperform ➝ Outperform$42.00 ➝ $40.00
9/27/2023Truist FinancialLower TargetHold ➝ Hold$40.00 ➝ $38.00
7/26/2023Truist FinancialBoost Target$34.00 ➝ $40.00
7/25/2023Keefe, Bruyette & WoodsBoost TargetMarket Perform$37.00 ➝ $39.00
7/25/2023DA DavidsonBoost TargetNeutral$34.00 ➝ $41.00
7/25/2023Piper SandlerBoost Target$32.00 ➝ $34.00
7/25/2023WedbushBoost TargetOutperform$40.00 ➝ $45.00
6/29/2023VNET GroupReiterated RatingMaintains
6/29/202351jobReiterated RatingMaintains
6/29/2023Truist FinancialLower Target$36.00 ➝ $34.00
4/24/2023Truist FinancialLower Target$39.00 ➝ $36.00
4/21/2023WedbushLower TargetOutperform$42.00 ➝ $40.00
4/21/2023Piper SandlerLower Target$35.00 ➝ $34.00
4/6/2023Keefe, Bruyette & WoodsLower TargetMarket Perform$50.00 ➝ $40.00
3/23/2023Truist FinancialLower TargetHold$46.00 ➝ $39.00
1/26/2023StephensBoost Target$43.00 ➝ $44.00
1/26/2023Piper SandlerLower TargetNeutral$47.00 ➝ $46.00
10/27/2022DA DavidsonBoost Target$47.00
7/26/2022StephensLower Target$44.00
7/14/2022StephensInitiated CoverageEqual Weight$45.00
7/4/2022Piper SandlerLower Target$43.00
6/15/2022Truist FinancialLower Target$46.00 ➝ $43.00
8/30/2021Truist FinancialBoost TargetHold$40.00 ➝ $44.00
7/28/2021DA DavidsonReiterated RatingNeutral
3/16/2021Piper SandlerBoost TargetNeutral$37.00 ➝ $47.00
1/29/2021Truist FinancialBoost Target$33.00 ➝ $38.00
10/1/2020Piper SandlerLower TargetNeutral$27.00 ➝ $25.00
6/3/2020Piper SandlerInitiated CoverageHold$28.00
5/19/2020SunTrust BanksBoost TargetHold$24.00 ➝ $27.00
(Data available from 11/21/2019 forward)

News Sentiment Rating

1.04 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 9 very positive mentions
  • 7 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
4/24/2024
  • 12 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
5/24/2024
  • 9 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/23/2024
  • 8 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/23/2024
  • 12 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/22/2024
  • 10 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2024
  • 9 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2024
  • 16 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2024

Current Sentiment

  • 16 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Cathay General Bancorp logo
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, safe deposit, collection, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. Cathay General Bancorp was founded in 1962 and is headquartered in Los Angeles, California.
Read More

Today's Range

Now: $50.75
Low: $50.43
High: $51.15

50 Day Range

MA: $45.67
Low: $41.17
High: $52.94

52 Week Range

Now: $50.75
Low: $33.88
High: $54.07

Volume

228,619 shs

Average Volume

326,345 shs

Market Capitalization

$3.61 billion

P/E Ratio

12.78

Dividend Yield

2.63%

Beta

1.1

Frequently Asked Questions

What sell-side analysts currently cover shares of Cathay General Bancorp?

The following sell-side analysts have issued reports on Cathay General Bancorp in the last year: Keefe, Bruyette & Woods, Piper Sandler, StockNews.com, Truist Financial Co., and Wedbush.
View the latest analyst ratings for CATY.

What is the current price target for Cathay General Bancorp?

0 Wall Street analysts have set twelve-month price targets for Cathay General Bancorp in the last year. Their average twelve-month price target is $44.00, suggesting a possible downside of 13.3%. Wedbush has the highest price target set, predicting CATY will reach $52.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $36.00 for Cathay General Bancorp in the next year.
View the latest price targets for CATY.

What is the current consensus analyst rating for Cathay General Bancorp?

Cathay General Bancorp currently has 1 sell rating, 2 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CATY, but not buy more shares or sell existing shares.
View the latest ratings for CATY.

What other companies compete with Cathay General Bancorp?

Other companies that are similar to Cathay General Bancorp include Atlantic Union Bankshares, Investors Bancorp, United Community Banks, Associated Banc and IBERIABANK. Learn More about companies similar to Cathay General Bancorp.

How do I contact Cathay General Bancorp's investor relations team?

Cathay General Bancorp's physical mailing address is 777 N BROADWAY, LOS ANGELES CA, 90012. The bank's listed phone number is (213) 625-4700 and its investor relations email address is [email protected]. The official website for Cathay General Bancorp is www.cathaybank.com. Learn More about contacing Cathay General Bancorp investor relations.