Should Investors Trust The Upside Potential In Cathay General Bancorp (CATY)?

Cathay General Bancorp (NASDAQ:CATY) currently has a daily average trading volume of 463.82K but it saw 355167 shares traded in last market. With a market cap of 3.36B USD, the company’s current market price of $47.97 came rising about 0.50 while comparing to the previous closing price of $47.73. In past 52 weeks, the stock remained buoying in the range of price level as high as $55.29 and as low as $36.06.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which initiated the stock as “Buy” in its note to investors issued on May 21, 2025, recommending a price target of $53 for it. Piper Sandler issued its recommendations for the stock as it downgraded the price target for the stock is $31.

Over the week, CATY’s stock price is moving 5.15% up while it is 10.91% when we observe its performance for the past one month. Year-to-date it is 29.54% up and over the past year, the stock is showing an upside performance of 0.76%.

Currently, Cathay General Bancorp’s total number of outstanding shares is 70.03M. Company’s return on investment (ROI) stands at 9.36% and return on equity (ROE) at 10.07%. It has a price to earnings ratio (P/E ratio) of 12.11 while having a 9.71 of forward P/E ratio. Stock’s beta reads 0.95. Stock has a price to book (P/B) ratio of 1.17 while price to sale or P/S ratio amounts to 2.43. Its return on asset (ROA) is 1.22% on average.

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