Cathay General Bancorp (CATY)
NASDAQ: CATY · IEX Real-Time Price · USD
42.00
-0.69 (-1.62%)
At close: Jul 19, 2024, 4:30 PM
42.99
+0.99 (2.36%)
Pre-market: Jul 22, 2024, 7:00 AM EDT
Cathay General Bancorp Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for CATY stock have an average target of 39, with a low estimate of 31 and a high estimate of 44. The average target predicts a decrease of -7.14% from the current stock price of 42.00.
Analyst Consensus: Hold
* Price targets were last updated on Apr 25, 2024.
Analyst Ratings
The average analyst rating for CATY stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 4 | 4 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Hold Maintains $40 → $38 | Hold | Maintains | $40 → $38 | -9.52% | Apr 25, 2024 |
| Wedbush | Wedbush | Buy Reiterates $44 | Buy | Reiterates | $44 | +4.76% | Apr 23, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Hold Maintains $46 → $41 | Hold | Maintains | $46 → $41 | -2.38% | Apr 23, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $46 → $40 | Hold | Maintains | $46 → $40 | -4.76% | Apr 1, 2024 |
| Piper Sandler | Piper Sandler | Hold → Sell Downgrades $31 | Hold → Sell | Downgrades | $31 | -26.19% | Nov 6, 2023 |
Financial Forecast
Revenue This Year
744.67M
from 784.06M
Decreased by -5.02%
Revenue Next Year
798.29M
from 744.67M
Increased by 7.20%
EPS This Year
3.91
from 4.86
Decreased by -19.55%
EPS Next Year
4.23
from 3.91
Increased by 8.28%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 774.6M | 867.6M |
| Avg | 744.7M | 798.3M |
| Low | 708.7M | 749.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -1.2% | 16.5% |
| Avg | -5.0% | 7.2% |
| Low | -9.6% | 0.6% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 4.34 | 4.72 |
| Avg | 3.91 | 4.23 |
| Low | 3.48 | 3.82 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -10.8% | 20.6% |
| Avg | -19.6% | 8.3% |
| Low | -28.4% | -2.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.