For its first fiscal quarter (ending March 31), Cathay General Bancorp (NASDAQ: CATY) has reported E.P.S. of $0.98 compared to $1.32 a year ago. E.P.S. were $4.55 for the latest four quarters through March 31 versus $5.18 for the same period a year ago.
Recent Price Action
On 4/22/24, Cathay General Bancorp (NASDAQ: CATY) stock increased 1.7%, closing at $36.62. Trading volume in this advance was normal. Relative to the market the stock has been strong over the last nine months and has risen 3.9% during the last week.
Current PriceTarget Research Rating
CATY is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Cathay General Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Cathay General Bancorp has a slightly positive Power Rating of 60 and a very high Appreciation Score of 87, leading to 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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