Cathay General Bancorp (CATY) Stock Forecast, Price Target & Predictions
CATY Stock Forecast
Cathay General Bancorp stock forecast is as follows: an average price target of $46.50 (represents a 9.88% upside from CATY’s last price of $42.32) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
CATY Price Target
The average price target for Cathay General Bancorp (CATY) is $46.50 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $43.00. This represents a potential 9.88% upside from CATY's last price of $42.32.
CATY Analyst Ratings
According to 4 Wall Street analysts, Cathay General Bancorp's rating consensus is 'Buy'. The analyst rating breakdown for CATY stock is 0 'Strong Buy' (0.00%), 2 'Buy' (50.00%), 1 'Hold' (25.00%), 1 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).
Cathay General Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 23, 2024 | David Chiaverini | Wedbush | $50.00 | $43.02 | 16.23% | 18.15% |
| Jun 15, 2022 | - | Truist Financial | $43.00 | $39.09 | 10.00% | 1.61% |
The latest Cathay General Bancorp stock forecast, released on Jul 23, 2024 by David Chiaverini from Wedbush, set a price target of $50.00, which represents a 16.23% increase from the stock price at the time of the forecast ($43.02), and a 18.15% increase from CATY last price ($42.32).
Cathay General Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $50.00 | $50.00 |
| Last Closing Price | $42.32 | $42.32 | $42.32 |
| Upside/Downside | -100.00% | 18.15% | 18.15% |
In the current month, the average price target of Cathay General Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cathay General Bancorp's last price of $42.32. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 23, 2024 | Wedbush | Outperform | Outperform | Hold |
| Jul 23, 2024 | Piper Sandler | Underweight | Underweight | Hold |
| Apr 25, 2024 | Truist Financial | Underperform | Underperform | Hold |
| Apr 25, 2024 | Wedbush | Market Perform | Market Perform | Hold |
| Apr 23, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Apr 26, 2022 | Zacks Investment Research | - | Buy | Upgrade |
Cathay General Bancorp's last stock rating was published by Wedbush on Jul 23, 2024. The company gave CATY a "Outperform" rating, the same as its previous rate.
Cathay General Bancorp Financial Forecast
Cathay General Bancorp Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $356.17M | $193.48M | $204.64M | $206.68M | $213.90M | $207.41M | - | $179.42M | $175.26M | $164.70M | $160.58M | $151.82M | $151.27M | $147.48M | $150.08M | $146.10M | $149.86M | $157.39M | $156.17M | $156.24M | $156.24M | $152.92M |
| Avg Forecast | $200.04M | $195.63M | $189.96M | $184.78M | $184.95M | $182.06M | $179.19M | $187.45M | $197.96M | $196.46M | $196.37M | $207.14M | $217.67M | $204.97M | $184.13M | $169.76M | $166.01M | $164.29M | $155.80M | $151.58M | $150.26M | $148.01M | $145.43M | $146.24M | $152.67M | $155.38M | $154.47M | $152.76M | $156.24M | $153.30M |
| High Forecast | $201.60M | $197.16M | $191.44M | $186.23M | $186.40M | $183.49M | $180.59M | $188.92M | $200.01M | $201.59M | $197.91M | $208.76M | $219.38M | $206.58M | $184.13M | $172.23M | $168.44M | $166.69M | $158.07M | $153.79M | $152.45M | $150.17M | $147.56M | $148.38M | $154.89M | $157.64M | $156.73M | $154.99M | $187.48M | $183.96M |
| Low Forecast | $197.30M | $192.95M | $187.35M | $182.25M | $182.42M | $179.57M | $176.74M | $184.88M | $195.91M | $192.61M | $193.68M | $204.30M | $214.69M | $202.16M | $184.13M | $165.49M | $161.84M | $160.16M | $151.88M | $147.77M | $146.48M | $144.28M | $141.78M | $142.57M | $148.83M | $151.47M | $150.59M | $148.92M | $124.99M | $122.64M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 9 | 10 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 15 |
| Surprise % | - | - | - | - | - | - | - | - | 1.80% | 0.98% | 1.04% | 1.00% | 0.98% | 1.01% | - | 1.06% | 1.06% | 1.00% | 1.03% | 1.00% | 1.01% | 1.00% | 1.03% | 1.00% | 0.98% | 1.01% | 1.01% | 1.02% | 1.00% | 1.00% |
Cathay General Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $187.45M, with a low forecast of $184.88M, and a high forecast of $188.92M. CATY's average Quarter revenue forecast represents a -47.37% decrease compared to the company's last Quarter revenue of $356.17M (Dec 23).
Cathay General Bancorp EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 9 | 10 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 15 |
| EBITDA | - | - | - | - | - | - | - | - | $251.00K | $92.75M | $103.23M | $208.59M | $194.42M | $158.75M | - | $115.39M | $116.50M | $108.88M | $121.60M | $119.74M | $113.25M | $98.05M | $101.37M | $106.28M | $137.55M | $148.44M | $139.45M | $133.41M | $121.99M | $121.96M |
| Avg Forecast | $93.19M | $91.13M | $88.49M | $86.08M | $86.16M | $84.81M | $83.48M | $121.21M | $92.22M | $91.52M | $91.48M | $110.19M | $101.40M | $117.13M | $85.78M | $100.18M | $107.63M | $106.48M | $101.09M | $96.41M | $93.87M | $81.97M | $81.81M | $118.97M | $135.89M | $143.38M | $134.65M | $128.41M | $121.99M | $121.96M |
| High Forecast | $93.92M | $91.85M | $89.18M | $86.75M | $86.84M | $85.48M | $84.13M | $145.46M | $93.17M | $93.91M | $92.20M | $132.23M | $102.20M | $140.56M | $85.78M | $120.21M | $129.16M | $127.78M | $121.31M | $115.70M | $112.65M | $98.37M | $98.17M | $142.76M | $163.07M | $172.06M | $161.57M | $154.09M | $146.39M | $146.35M |
| Low Forecast | $91.91M | $89.88M | $87.28M | $84.90M | $84.98M | $83.65M | $82.33M | $96.97M | $91.26M | $89.73M | $90.23M | $88.16M | $100.01M | $93.70M | $85.78M | $80.14M | $86.11M | $85.19M | $80.87M | $77.13M | $75.10M | $65.58M | $65.45M | $95.18M | $108.71M | $114.71M | $107.72M | $102.72M | $97.59M | $97.57M |
| Surprise % | - | - | - | - | - | - | - | - | 0.00% | 1.01% | 1.13% | 1.89% | 1.92% | 1.36% | - | 1.15% | 1.08% | 1.02% | 1.20% | 1.24% | 1.21% | 1.20% | 1.24% | 0.89% | 1.01% | 1.04% | 1.04% | 1.04% | 1.00% | 1.00% |
1 analysts predict CATY's average Quarter EBITDA for Mar 24 to be $121.21M, with a high of $145.46M and a low of $96.97M. This is 48192.18% upper than Cathay General Bancorp's previous annual EBITDA (Dec 23) of $251.00K.
Cathay General Bancorp Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 9 | 10 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 15 |
| Net Income | - | - | - | - | - | - | - | - | $82.53M | $82.37M | $93.22M | $96.01M | $97.60M | $99.03M | - | $75.03M | $75.32M | $72.40M | $77.20M | $73.38M | $70.89M | $56.79M | $54.32M | $46.85M | $67.38M | $72.83M | $72.24M | $66.68M | $64.65M | $69.76M |
| Avg Forecast | $81.67M | $77.77M | $73.64M | $70.22M | $75.65M | $69.14M | $68.21M | $78.81M | $77.80M | $79.75M | $82.29M | $71.65M | $100.13M | $77.89M | $85.13M | $65.13M | $69.59M | $70.81M | $64.18M | $59.09M | $58.77M | $47.48M | $43.84M | $52.45M | $66.57M | $70.35M | $69.75M | $64.18M | $64.65M | $69.76M |
| High Forecast | $82.50M | $78.57M | $74.39M | $70.94M | $76.42M | $70.54M | $68.91M | $94.57M | $79.92M | $85.55M | $83.13M | $85.98M | $101.15M | $93.46M | $85.13M | $78.16M | $83.51M | $84.97M | $77.01M | $70.91M | $70.52M | $56.98M | $52.61M | $62.94M | $79.88M | $84.42M | $83.70M | $77.01M | $77.58M | $83.71M |
| Low Forecast | $80.22M | $76.39M | $72.33M | $68.97M | $74.30M | $65.65M | $67.00M | $63.05M | $74.27M | $71.77M | $80.83M | $57.32M | $98.35M | $62.31M | $85.13M | $52.11M | $55.67M | $56.64M | $51.34M | $47.27M | $47.01M | $37.99M | $35.07M | $41.96M | $53.25M | $56.28M | $55.80M | $51.34M | $51.72M | $55.81M |
| Surprise % | - | - | - | - | - | - | - | - | 1.06% | 1.03% | 1.13% | 1.34% | 0.97% | 1.27% | - | 1.15% | 1.08% | 1.02% | 1.20% | 1.24% | 1.21% | 1.20% | 1.24% | 0.89% | 1.01% | 1.04% | 1.04% | 1.04% | 1.00% | 1.00% |
Cathay General Bancorp's average Quarter net income forecast for Mar 24 is $78.81M, with a range of $63.05M to $94.57M. CATY's average Quarter net income forecast represents a -4.50% decrease compared to the company's last Quarter net income of $82.53M (Dec 23).
Cathay General Bancorp SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 9 | 10 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 15 |
| SG&A | - | - | - | - | - | - | - | - | - | $43.42M | $42.48M | $42.16M | $39.30M | $42.17M | - | $41.13M | $40.64M | $39.74M | $38.88M | $41.18M | $38.92M | $40.20M | $35.12M | $38.91M | $40.03M | $40.18M | $39.34M | $40.16M | $39.56M | $37.41M |
| Avg Forecast | $44.06M | $43.09M | $41.84M | $40.70M | $40.74M | $40.10M | $39.47M | $43.21M | $43.60M | $43.27M | $43.25M | $39.28M | $47.95M | $42.75M | $40.56M | $35.71M | $37.55M | $38.86M | $32.33M | $33.16M | $32.26M | $33.61M | $28.35M | $43.55M | $39.55M | $38.81M | $37.99M | $38.65M | $39.56M | $37.41M |
| High Forecast | $44.41M | $43.43M | $42.17M | $41.02M | $41.06M | $40.42M | $39.78M | $51.85M | $44.05M | $44.40M | $43.59M | $47.14M | $48.32M | $51.30M | $40.56M | $42.85M | $45.06M | $46.64M | $38.79M | $39.79M | $38.71M | $40.33M | $34.01M | $52.26M | $47.46M | $46.57M | $45.59M | $46.38M | $47.47M | $44.89M |
| Low Forecast | $43.46M | $42.50M | $41.27M | $40.14M | $40.18M | $39.55M | $38.93M | $34.57M | $43.15M | $42.42M | $42.66M | $31.42M | $47.29M | $34.20M | $40.56M | $28.57M | $30.04M | $31.09M | $25.86M | $26.53M | $25.81M | $26.88M | $22.68M | $34.84M | $31.64M | $31.05M | $30.39M | $30.92M | $31.65M | $29.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.00% | 0.98% | 1.07% | 0.82% | 0.99% | - | 1.15% | 1.08% | 1.02% | 1.20% | 1.24% | 1.21% | 1.20% | 1.24% | 0.89% | 1.01% | 1.04% | 1.04% | 1.04% | 1.00% | 1.00% |
Cathay General Bancorp's average Quarter SG&A projection for Dec 23 is $43.60M, based on 2 Wall Street analysts, with a range of $43.15M to $44.05M. The forecast indicates a 0.41% rise compared to CATY last annual SG&A of $43.42M (Sep 23).
Cathay General Bancorp EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 9 | 10 | 16 | 9 | 10 | 8 | 8 | 11 | 8 | 18 | 15 |
| EPS | - | - | - | - | - | - | - | - | $1.13 | $1.14 | $1.29 | $1.32 | $1.33 | $1.35 | - | $1.00 | $0.98 | $0.93 | $0.98 | $0.92 | $0.89 | $0.71 | $0.68 | $0.59 | $0.85 | $0.91 | $0.90 | $0.83 | $0.80 | $0.86 |
| Avg Forecast | $1.12 | $1.07 | $1.01 | $0.96 | $1.04 | $0.95 | $0.94 | $0.98 | $1.07 | $1.10 | $1.13 | $1.25 | $1.38 | $1.28 | $1.17 | $0.91 | $0.92 | $0.91 | $0.83 | $0.77 | $0.76 | $0.61 | $0.57 | $0.67 | $0.83 | $0.88 | $0.88 | $0.80 | $0.80 | $0.85 |
| High Forecast | $1.13 | $1.08 | $1.02 | $0.97 | $1.05 | $0.97 | $0.95 | $0.99 | $1.10 | $1.17 | $1.14 | $1.27 | $1.39 | $1.29 | $1.17 | $0.93 | $0.94 | $0.92 | $0.85 | $0.79 | $0.78 | $0.62 | $0.59 | $0.68 | $0.85 | $0.90 | $0.89 | $0.82 | $0.96 | $1.02 |
| Low Forecast | $1.10 | $1.05 | $0.99 | $0.95 | $1.02 | $0.90 | $0.92 | $0.96 | $1.02 | $0.99 | $1.11 | $1.23 | $1.35 | $1.26 | $1.17 | $0.88 | $0.89 | $0.88 | $0.80 | $0.75 | $0.74 | $0.59 | $0.56 | $0.65 | $0.81 | $0.86 | $0.85 | $0.77 | $0.64 | $0.68 |
| Surprise % | - | - | - | - | - | - | - | - | 1.06% | 1.04% | 1.14% | 1.05% | 0.97% | 1.05% | - | 1.10% | 1.06% | 1.03% | 1.18% | 1.19% | 1.17% | 1.17% | 1.18% | 0.88% | 1.02% | 1.03% | 1.03% | 1.04% | 1.00% | 1.01% |
According to 1 Wall Street analysts, Cathay General Bancorp's projected average Quarter EPS for Mar 24 is $0.98, with a low estimate of $0.96 and a high estimate of $0.99. This represents a -13.23% decrease compared to CATY previous annual EPS of $1.13 (Dec 23).
Cathay General Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CFFN | Capitol Federal Financial | $5.84 | $7.00 | 19.86% | Hold |
| CNOB | ConnectOne Bancorp | $24.69 | $27.67 | 12.07% | Buy |
| CATY | Cathay General Bancorp | $42.32 | $46.50 | 9.88% | Buy |
| BY | Byline Bancorp | $26.55 | $29.00 | 9.23% | Buy |
| FNWB | First Northwest Bancorp | $10.82 | $11.50 | 6.28% | Hold |
| FFIN | First Financial Bankshares | $36.77 | $39.00 | 6.06% | Hold |
| FFNW | First Financial Northwest | $22.68 | $23.50 | 3.62% | Hold |
| CFB | CrossFirst Bankshares | $17.22 | $17.60 | 2.21% | Buy |
| GBCI | Glacier Bancorp | $44.35 | $44.25 | -0.23% | Hold |
| BSRR | Sierra Bancorp | $29.22 | $25.33 | -13.31% | Hold |
CATY Forecast FAQ
Is Cathay General Bancorp a good buy?
Yes, according to 4 Wall Street analysts, Cathay General Bancorp (CATY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 50.00% of CATY's total ratings.
What is CATY's price target?
Cathay General Bancorp (CATY) average price target is $46.5 with a range of $43 to $50, implying a 9.88% from its last price of $42.32. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Cathay General Bancorp stock go up soon?
According to Wall Street analysts' prediction for CATY stock, the company can go up by 9.88% (from the last price of $42.32 to the average price target of $46.5), up by 18.15% based on the highest stock price target, and up by 1.61% based on the lowest stock price target.
Can Cathay General Bancorp stock reach $60?
CATY's average twelve months analyst stock price target of $46.5 does not support the claim that Cathay General Bancorp can reach $60 in the near future.
What are Cathay General Bancorp's analysts' financial forecasts?
Cathay General Bancorp's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $733.66M (high $739.41M, low $723.61M), average EBITDA is $375.66M (high $401.9M, low $347.94M), average net income is $291.82M (high $310.44M, low $270M), average SG&A $163.52M (high $173.1M, low $153.23M), and average EPS is $3.91 (high $3.95, low $3.8). CATY's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $770.4M (high $776.43M, low $759.85M), average EBITDA is $358.89M (high $361.7M, low $353.97M), average net income is $303.3M (high $306.39M, low $297.9M), average SG&A $169.69M (high $171.02M, low $167.37M), and average EPS is $4.16 (high $4.21, low $4.09).
Did the CATY's actual financial results beat the analysts' financial forecasts?
Based on Cathay General Bancorp's last annual report (Dec 2023), the company's revenue was $1.31B, beating the average analysts forecast of $797.93M by 64.14%. Apple's EBITDA was $1.31M, missing the average prediction of $385.41M by -99.66%. The company's net income was $354.12M, beating the average estimation of $311.49M by 13.69%. Apple's SG&A was $0, missing the average forecast of $169.41M by -100.00%. Lastly, the company's EPS was $4.86, beating the average prediction of $4.55 by 6.89%. In terms of the last quarterly report (Dec 2023), Cathay General Bancorp's revenue was $356.17M, beating the average analysts' forecast of $197.96M by 79.92%. The company's EBITDA was $251K, missing the average prediction of $92.22M by -99.73%. Cathay General Bancorp's net income was $82.53M, beating the average estimation of $77.8M by 6.07%. The company's SG&A was $0, missing the average forecast of $43.6M by -100.00%. Lastly, the company's EPS was $1.13, beating the average prediction of $1.07 by 5.77%