For its third fiscal quarter (ending September 30), Cathay General Bancorp (NASDAQ: CATY) has reported E.P.S. of $0.94 compared to $1.14 a year ago. For the latest four quarters through September 30, E.P.S. were $3.98 versus $5.07 for the same period a year ago.
Recent Price Action
Cathay General Bancorp (NASDAQ: CATY) stock declined by -3.1% on 10/21/24. The shares closed at $44.59. Moreover, above average trading volume at 129% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
CATY is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Cathay General Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cathay General Bancorp has a good Power Rating of 71 and a good Appreciation Score of 83, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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