Cathay General Bancorp (NASDAQ:CATY) Price Target Raised to $67.00 at Keefe, Bruyette & Woods

Cathay General Bancorp (NASDAQ:CATY) had its price target hoisted by Keefe, Bruyette & Woods from $64.00 to $67.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a market perform rating on the bank’s stock.

CATY has been the topic of several other reports. Piper Sandler lifted their price target on Cathay General Bancorp from $45.00 to $47.00 and gave the stock an “underweight” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Cathay General Bancorp in a research report on Monday, July 6th. Finally, Zacks Research upgraded shares of Cathay General Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cathay General Bancorp has a consensus rating of “Hold” and a consensus price target of $60.75.

Cathay General Bancorp Trading Up 1.9%

Cathay General Bancorp stock opened at $62.53 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day simple moving average is $59.91 and its 200-day simple moving average is $54.66. The firm has a market capitalization of $4.19 billion, a PE ratio of 12.21 and a beta of 0.86. Cathay General Bancorp has a 52 week low of $43.65 and a 52 week high of $63.91.

Cathay General Bancorp (NASDAQ:CATY) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.02. Cathay General Bancorp had a return on equity of 11.82% and a net margin of 24.66%.The business had revenue of $221.20 million during the quarter, compared to analysts’ expectations of $218.28 million. During the same quarter in the previous year, the firm earned $1.10 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts forecast that Cathay General Bancorp will post 5.41 earnings per share for the current year.

Cathay General Bancorp announced that its board has authorized a stock buyback plan on Thursday, April 23rd that authorizes the company to repurchase $150,000.00 billion in shares. This repurchase authorization authorizes the bank to reacquire up to 4,164,630.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Cathay General Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Thursday, May 28th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, May 28th. Cathay General Bancorp’s dividend payout ratio (DPR) is presently 31.34%.

Insider Transactions at Cathay General Bancorp

In other Cathay General Bancorp news, SVP May K. Chan sold 558 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $56.00, for a total value of $31,248.00. Following the completion of the transaction, the senior vice president owned 2,693 shares of the company’s stock, valued at $150,808. This represents a 17.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Peter Wu sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $57.33, for a total value of $1,146,600.00. Following the completion of the sale, the insider owned 275,252 shares of the company’s stock, valued at $15,780,197.16. This represents a 6.77% decrease in their position. The SEC filing for this sale provides additional information. 4.53% of the stock is owned by company insiders.

Institutional Trading of Cathay General Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of CATY. Norges Bank acquired a new stake in Cathay General Bancorp during the fourth quarter worth $41,140,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cathay General Bancorp by 1,274,076.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 484,187 shares of the bank’s stock valued at $23,430,000 after buying an additional 484,149 shares in the last quarter. Millennium Management LLC raised its stake in shares of Cathay General Bancorp by 375.1% in the 3rd quarter. Millennium Management LLC now owns 420,509 shares of the bank’s stock valued at $20,189,000 after buying an additional 331,997 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Cathay General Bancorp during the 4th quarter worth about $7,426,000. Finally, Cibc World Market Inc. bought a new position in shares of Cathay General Bancorp during the 4th quarter worth about $6,355,000. 75.01% of the stock is currently owned by institutional investors.

More Cathay General Bancorp News

Here are the key news stories impacting Cathay General Bancorp this week:

• Positive Sentiment: Cathay General Bancorp reported better-than-expected Q2 2026 results, with earnings of $1.37 per share topping estimates and revenue of $221.2 million also beating forecasts. The bank said net income rose to $92.2 million, and revenue increased 13.1% year over year, reinforcing the view that core business momentum remains solid.
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on CATY to $67 from $64, signaling improved confidence in the stock’s valuation after the earnings release. The new target implies additional upside from current levels. Article Title
• Neutral Sentiment: Multiple follow-up articles and earnings-call transcripts highlighted the same quarterly beat and management commentary, suggesting the market is still digesting the details rather than reacting to a new surprise. Article Title

Cathay General Bancorp Company Profile

Cathay General Bancorp is a bank holding company headquartered in Los Angeles, California, trading on NASDAQ under the symbol CATY. Its principal subsidiary, Cathay Bank, provides a full suite of financial services to commercial, institutional and retail clients. As a community-focused institution, the company emphasizes relationship banking and tailored solutions for businesses and individuals.

Founded in 1962 by a group of Chinese American entrepreneurs, Cathay has expanded from a single branch operation in downtown Los Angeles into one of the largest Asian-American banks in the United States.