Cathay General Bancorp (CATY)
NASDAQ: CATY · IEX Real-Time Price · USD
34.68
-0.39 (-1.11%)
Apr 16, 2024, 12:19 PM EDT - Market open
Cathay General Bancorp Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for CATY stock have an average target of 38.2, with a low estimate of 31 and a high estimate of 41. The average target predicts an increase of 10.15% from the current stock price of 34.68.
Analyst Consensus: Hold
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 4 | 4 | 4 | 4 | 4 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Truist Securities | Truist Securities | Hold Maintains $46 → $40 | Hold | Maintains | $46 → $40 | +15.34% | Apr 1, 2024 |
| Piper Sandler | Piper Sandler | Hold → Sell Downgrades $31 | Hold → Sell | Downgrades | $31 | -10.61% | Nov 6, 2023 |
| Piper Sandler | Piper Sandler | Hold Maintains $32 → $31 | Hold | Maintains | $32 → $31 | -10.61% | Oct 24, 2023 |
| Wedbush | Wedbush | Buy Maintains $42 → $40 | Buy | Maintains | $42 → $40 | +15.34% | Oct 24, 2023 |
| Truist Securities | Truist Securities | Hold Maintains $40 → $38 | Hold | Maintains | $40 → $38 | +9.57% | Sep 27, 2023 |
Financial Forecast
Revenue This Year
774.36M
from 784.06M
Decreased by -1.24%
Revenue Next Year
818.19M
from 774.36M
Increased by 5.66%
EPS This Year
4.10
from 4.86
Decreased by -15.56%
EPS Next Year
4.43
from 4.10
Increased by 8.03%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 816.9M | 872.1M |
| Avg | 774.4M | 818.2M |
| Low | 720.5M | 762.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 4.2% | 12.6% |
| Avg | -1.2% | 5.7% |
| Low | -8.1% | -1.6% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 4.57 | 5.09 |
| Avg | 4.10 | 4.43 |
| Low | 3.55 | 3.90 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -6.0% | 24.1% |
| Avg | -15.6% | 8.0% |
| Low | -27.0% | -5.0% |
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.