Piper Sandler downgraded Cathay Bancorp from Neutral to Underweight and set a new price target of $31.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/21/2025 | $53.00 | Buy | Jefferies |
| 12/9/2024 | Equal-Weight → Overweight | Stephens | |
| 11/6/2023 | $31.00 | Neutral → Underweight | Piper Sandler |
| 7/14/2022 | $45.00 | Equal-Weight | Stephens |
Cathay General Bancorp ((the "Company", NASDAQ:CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $150,000,000 of the Company's common stock. The previous $125,000,000 share repurchase program announced on May 28, 2024, was completed on February 28, 2025, with the repurchase of 2,905,487 shares at an average cost of $43.02. The share repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing, price and volume of the share repurchases will be determined by the Company's management based on its evaluation of market condit
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on June 9, 2025, to stockholders of record at the close of business on May 29, 2025. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp (NASDAQ:CATY) is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the nation in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a bran
Cathay General Bancorp (the "Company", "we", "us", or "our") (NASDAQ:CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended March 31, 2025. The Company reported net income of $69.5 million, or $0.98 per diluted share, for the first quarter of 2025. FINANCIAL PERFORMANCE Three months ended (unaudited) March 31, 2025 December 31, 2024 March 31, 2024 Net income $69.5 million $ 80.2 million $71.4 million Basic earnings per common share $ 0.99 $ 1.13 $ 0.98 Diluted earnings per common share $ 0.98 $ 1.12 $ 0.98 Return on average assets 1.22%
4 - CATHAY GENERAL BANCORP (0000861842) (Issuer)
4 - CATHAY GENERAL BANCORP (0000861842) (Issuer)
4 - CATHAY GENERAL BANCORP (0000861842) (Issuer)
SC 13G/A - CATHAY GENERAL BANCORP (0000861842) (Subject)
SC 13G - CATHAY GENERAL BANCORP (0000861842) (Subject)
SC 13G - CATHAY GENERAL BANCORP (0000861842) (Subject)
Jefferies initiated coverage of Cathay Bancorp with a rating of Buy and set a new price target of $53.00
Stephens upgraded Cathay Bancorp from Equal-Weight to Overweight
Piper Sandler downgraded Cathay Bancorp from Neutral to Underweight and set a new price target of $31.00
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on June 9, 2025, to stockholders of record at the close of business on May 29, 2025. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp (NASDAQ:CATY) is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the nation in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a bran
Cathay General Bancorp (the "Company", "we", "us", or "our") (NASDAQ:CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended March 31, 2025. The Company reported net income of $69.5 million, or $0.98 per diluted share, for the first quarter of 2025. FINANCIAL PERFORMANCE Three months ended (unaudited) March 31, 2025 December 31, 2024 March 31, 2024 Net income $69.5 million $ 80.2 million $71.4 million Basic earnings per common share $ 0.99 $ 1.13 $ 0.98 Diluted earnings per common share $ 0.98 $ 1.12 $ 0.98 Return on average assets 1.22%
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2025 financial results after the markets close on Monday, April 21, 2025. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, April 21, 2025 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10198304 Participants should join the live conference call 5 to 10 minutes before its scheduled start. Webcast Access: A listen-only li
8-K - CATHAY GENERAL BANCORP (0000861842) (Filer)
8-K - CATHAY GENERAL BANCORP (0000861842) (Filer)
10-Q - CATHAY GENERAL BANCORP (0000861842) (Filer)
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, announced that Mr. Kim R. Bingham will retire as Chief Risk Officer of Cathay Bank, effective January 21, 2025. Mr. Bingham will continue to serve Cathay Bank as Executive Vice President, Special Advisor to the Office of the President for a transition period that is anticipated to end on or about March 31, 2025, but will no longer be a designated executive officer of Cathay Bank. Succeeding Mr. Bingham is Ms. Diana Deen, who will join Cathay Bank as Executive Vice President and Chief Risk Officer effective January 21, 2025, and will be a designated executive officer of Cathay Bank. Diana Deen, age 62, has over 20