Cathay General Bancorp's Earnings Growth To Continue [Seeking Alpha]
Cathay General Bancorp (CATY)
Last cathay general bancorp earnings: 4/27 04:30 pm
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US:NASDAQ Investor Relations:
cathaybank.com/cathay-general/home
Company Research
Source: Seeking Alpha
Cathay General Bancorp's Earnings Growth To Continue Summary Loan growth is likely to continue, but at a lower rate due to the outlook of economic slowdown. I expect net interest margin to stabilize in FY20 as funding cost decline will mostly balance out dip in yields. I expect CATY to increase its dividends to $1.35 in FY20, which implies a dividend yield of 3.89%. Earnings of Cathay General Bancorp ( Loan Growth To Decline I'm expecting CATY's loan book to continue to grow at around 2% sequentially in both of the remaining quarters this year. My expectation is based on the management's assertion in the 2QFY19 conference call Only around 2.2% of CATY's loans are directly affected by the US-China trade war. Due to the low direct exposure and CATY's history of remarkable asset quality, I believe the US-China trade war will not affect loan losses. In my opinion, trade tensions will only affect loan growth. The management also appeared confident regarding the absence of any systemic issu
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CATY
News
- Cathay General Bancorp First Quarter 2024 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- Cathay General Bancorp (NASDAQ: CATY) had its price target lowered by analysts at Truist Financial Co. from $40.00 to $38.00. They now have a "hold" rating on the stock.MarketBeat
- Cathay General Bancorp Just Missed Revenue By 6.6%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Cathay General Bancorp (NASDAQ: CATY) had its price target lowered by analysts at Keefe, Bruyette & Woods from $46.00 to $41.00. They now have a "market perform" rating on the stock.MarketBeat
- Cathay General Bancorp (NASDAQ: CATY) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $44.00 price target on the stock.MarketBeat
CATY
Earnings
- 4/22/24 - Miss
CATY
Sec Filings
- 4/22/24 - Form 8-K
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- CATY's page on the SEC website