Cathay General Bancorp (NASDAQ: CATY) has reported E.P.S. of $0.92 for its second fiscal quarter (ending June 30) versus $1.29 for the same period a year ago — a decline of -29%. Relative to the consensus estimate of $0.94, this was a shortfall of $-0.01. E.P.S. were $4.18 for the latest four quarters through June 30 versus $5.28 for the same period a year ago — a decline of -21%.
Recent Price Action
On 7/22/24, Cathay General Bancorp (NASDAQ: CATY) stock enjoyed a large increase of 2.4%, closing at $43.02. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 9.2% 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 C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cathay General Bancorp has a good Appreciation Score of 84 but a slightly negative Power Rating of 32, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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